Terrestrial Energy and Korea’s DL E&C sign MOU on IMSR cogeneration plant

22 July 2022

Canada’s Terrestrial Energy and DL E&C has signed a Memorandum of Cooperation to cooperate in the development and accelerated deployment of the Integral Molten Salt Reactor (IMSR) cogeneration plant in the industrial sector. 

DL E&C is a global engineering, procurement, and construction (EPC) contractor with a long track record of successful international projects. The company says it is expanding its global presence with a commitment to new market opportunities and innovation. Terrestrial Energy is developing the IMSR cogeneration plant powered by its proprietary molten salt reactor technology. Terrestrial says the IMSR small modular reactor (SMR) plant an ideal supplier of zero-carbon thermal and electric power to industrial sites with large energy requirements.

According to the agreement, Terrestrial Energy and DL E&C intend to partner and accelerate the development and deployment of IMSR plants that produce thermal energy for specific industrial applications, notably in the chemical and petrochemical sectors, where DL E&C has design and construction experience.

Jae-Ho Yoo, CEO of DL E&C Plant Business Division, said: “Our interest in SMR technology as a next-generation energy source has grown considerably in the last couple of years, and we saw the potential of Terrestrial Energy as our business partner with its safer and more energy efficient IMSR technology.… We also expect that heat and power supplied by IMSR power plants are also applicable to the green hydrogen/ammonia business value chain which, we believe, will play a vital role in achieving a Net-Zero society.”

Terrestrial Energy CEO Simon Irish said: “DL E&C’s deep industrial reach across global markets will aid Terrestrial Energy as we advance commercial IMSR plant deployment.

Image: Schematic of an Integral Molten Salt Reactor (IMSR) cogeneration plant

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.