On the anniversary of the 2011 Fukushima nuclear disaster, investigative journalist Paul McKay reveals that the trade in radioactive waste is becoming a lucrative opportunity for SNC-Lavalin and its U.S. partner. If it is true that one person’s garbage can be another’s gold, then Montreal-based multinational SNC-Lavalin and its new U.S. partner, Holtec International, plan to be big global players in what promises to be a very lucrative, long-term business: handling highly radioactive nuclear wastes until permanent disposal methods and sites might be found, approved, and built. That problem is pressing because the volume of spent reactor fuel is cresting in the U.S., Canada, Europe, China, India, Russia, and Japan. There are also hundreds of intensively contaminated reactors which must sooner or later be entombed, dismantled, chopped up by robots, then sent in special, sealed containers to interim storage sites somewhere. But no country in the world has yet found a proven, permanent solution for the 250 million kilograms of spent fuel now in limbo in storage pools and canisters, let alone the atomic furnaces which created them. There are now about 413 operable civilian reactors in 31 countries, and another 50 under construction. Physics tells us precisely how “hot” atomic garbage is. Every commercial power reactor—regardless of model, type, country, or owner/operator—contains the radioactive equivalent of many atomic bombs locked within its spent fuel, reactor core, pumps, valves, and extensive cooling circuits.
The Energy Mix 10th March 2019 read more »