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Global Nuclear Waste Management - US has Planned For Safety Materials

The Nuclear Waste Management Market is projected to expand with a CAGR of 3% over the review period 2020-2025.

Major Players in the market includes Bechtel Group Inc., Perma-Fix Environmental Services, BHI Energy; chase Environmental Group, Posiva Oy Flour, Veolia Environment SA, Enercon Services Inc.

    Latest issue Jan 2020 -Proposed nuclear waste storage materials may have a corrosion problem. Many countries including the US plan to store nuclear waste in underground repositories. But scientists might not have a complete picture of the safety of the storage materials involved in these plans, according to a new study. The report demonstrates that interactions between the different materials used for these storage systems could accelerate their corrosion when they are exposed to water, increasing the chance of the radioactive waste leaking into the environment

    2020 Sept PERMA-Fix Nuclear Waste Management Forum Canceled For 2020.  After much thought and consideration for the safety of our staff and valued customers, we have made the difficult decision to cancel the 2020 Perma-Fix Nuclear Waste Management Forum, originally scheduled for November 17-19 in Nashville, Tennessee. Planning is well underway for an improved 2021 conference experience and we look forward to announcing details in early 2021. We appreciate your interest and continued participation in the Forum and look forward to seeing you next year. Further in May 2020 Perma-Fix announced that it has completed development of its new Perma-Sort material sorting and segregation process, a customized, conveyor-based radiological assay system designed to provide 100% characterization of material efficiently and with industry-leading measurement quality. The Company also announced it has been awarded two federal contracts valued at $3.7 million to separate and treat radioactive materials from over 100,000 tons of soils, debris and dredged materials.

    Oct 2020 Bechtel-affiliated team selected for advanced nuclear reactor demonstration project. A team led by TerraPower, which includes Bechtel as its partner for plant design, licensing, procurement, and construction, will receive matching funds from the U.S. Department of Energy to build a demonstration advanced nuclear power plant, the Department announced. The team will receive $80 million in funding for fiscal year 2020 under the Advanced Reactor Demonstration Program, with a goal to build an operational plant in five to seven years. The plant would be based on the Natrium™ system, featuring an advanced, cost-competitive sodium fast reactor paired with an innovative molten salt energy storage system based on those used in solar thermal generation. 

   For the nuclear utility companies, nuclear waste management is a matter of simple economics. Under current court orders, the US government covers the utilities’ cost for storing spent nuclear fuel. In addition, the courts have put a freeze on utility payments to the Nuclear Waste Fund. 

     On The Basis of Waste Type it has Low Level Waste (Llw), Intermediate Level Waste (Ilw), High Level Waste (Hlw). On The Basis of Reactor Type it includes Pressurized Water Reactor (Pwr), Boiling Water Reactors (Bwr), Pressurized Heavy Water Reactors (Phwr), Gas-Cooled Reactors (Gcr), Others. On The Basis of Applications, it has been Industrial and Utility. On the basis of region it has been segmented into North America, South America, Europe, Asia-Pacific, and The Middle East & Others. The growth potential for nuclear waste management market is anticipated in Europe as well as Asia-Pacific owing to large number of nuclear reactors, which produce more nuclear waste. On the other hand, risk associated with transportation of nuclear waste and the high cost of treatment restrains the market growth.

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