PARIS--(BUSINESS WIRE)--Regulatory News:
Orano Projets, the Orano group's engineering subsidiary, and Chinese partner CNLA, a subsidiary of China National Nuclear Corporation (CNNC), have recently come to an agreement for preparatory work on the Chinese used fuel processing and recycling plant. This agreement was confirmed during the visit in China of French Republic Prime Minister, Mr. Edouard Philippe.
This agreement runs until the end of 2018 and covers the work to be carried out in advance by Orano in preparation for the recycling plant project.
Following the signature in January of a memorandum of commercial agreement in the presence of the President of the People's Republic of China and the President of the French Republic, the Chairman of Orano Projets Patrick Jacq said this agreement “marks a new step in the discussions to launch by the end of 2018 the project to build a recycling plant in China with a capacity of 800 tons. Some 100 people are mobilized within Orano to perform this preparatory work."
Orano transforms nuclear materials so that they can be used to support the development of society, first and foremost in the field of energy.
The group offers products and services with high added value throughout the entire nuclear fuel cycle, from raw materials to waste treatment. Its activities, from mining to dismantling, as well as in conversion, enrichment, recycling, logistics and engineering, contribute to the production of low carbon electricity.
Orano and its 16,000 employees bring to bear their expertise and their mastery of cutting-edge technology, as well as their permanent search for innovation and unwavering dedication to safety, to serve their customers in France and abroad.
Orano, giving nuclear energy its full value.
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