Urenco Ltd.’s Chief Executive Officer Thomas Haeberle said he’s cautiously optimistic that new rules can be negotiated to guarantee the flow of nuclear materials in and out of the U.K. after the nation leaves the bloc. “We are making the U.K. government, which is also our shareholder, aware of the requirements our business needs to fulfill in the context of Brexit and of leaving Euratom,” said Haeberle, referring to the European Atomic Community, a part of the EU’s bedrock agreement signed on March 25, 1957. Just as bankers have made London a global financial hub, nuclear workers have turned Britain into a central cog servicing the world’s flow of atomic materials. Urenco, the world’s second-biggest maker of reactor fuel, runs a factory in Capenhurst and oversees its global distribution network from Stoke Poges outside of London. Owned by the U.K. and Dutch governments as well as German utilities EON SE and RWE AG, Urenco has set up a working group that “deals with all the risks and the possible mitigations,” Haeberle said. He spoke with Bloomberg a week before the EU celebrates Euratom’s 60th anniversary, his first interview since becoming CEO in January 2016. Euratom’s main function is to safeguard nuclear fuel, making sure it isn’t diverted to make weapons. The U.K. will lose that service once it departs the EU. Nuclear fuel suppliers and power plants need certification from Euratom or whatever system succeeds it to buy material on the open market.
Energy Voice 26th March 2017 read more »