CBandI AREVA MOX Services Revenue and Competitors

About the MOX Project:\r\n\r\nIn 1999, the National Nuclear Security Administration (NNSA) signed a contract with a consortium, now called CB&I AREVA MOX Services, LLC to design, build, and operate a Mixed Oxide (MOX) Fuel Fabrication Facility. This facility will be a major component in the United Statesâ?? program to dispose of surplus weapon-grade plutonium.\r\n\r\nThe facility will take surplus weapon-grade plutonium, remove impurities, and mix it with uranium oxide to form MOX fuel pellets for reactor fuel assemblies. These assemblies will be irradiated in commercial nuclear power reactors. The design of the facility is based on AREVAâ??s MELOX and La Hague MOX facilities in France. The French have used MOX technology for almost two decades and currently supply MOX fuel to over 30 reactors worldwide.\r\n\r\nThe facility will be built at the Savannah River Site (SRS) near Aiken, South Carolina. \r\n\r\nThe Nuclear Regulatory Commission (NRC) will license and oversee the facility. The French design is being â??Americanizedâ?? to ensure that the facility meets all federal safety and security requirements. It will also be a hardened facility, similar to a nuclear reactor. \r\n\r\nWhen operational, the facility will be capable of turning 3.5 metric tons of weapon-grade plutonium into MOX fuel assemblies annually. The facility will be licensed for 20 years, with operations expected to continue into the 2030s.