CNNC Spent Fuel Reprocessing For Nuclear Fuel Security

CNNC spent fuel reprocessing aims for application by 2021, supporting nuclear power growth through fuel recycling, easing uranium supply constraints as China targets 40,000 MW capacity and invests $122 billion, including WWER at Tianwan.

The Main Points

A CNNC-led technology plan to industrialize spent fuel recycling by 2021, easing China's uranium supply risks.

Industrial rollout targeted for 2021 after a decade of R&D
Mitigates uranium supply shortages for China's reactors
China aims 40,000 MW nuclear capacity by 2020
CNNC planning $122 billion nuclear investments by 2021

Toward the end of December 2010, the stateowned China National Nuclear Corporation CNNC, which is located in Beijing, announced that its first power reactor spent fuel reprocessing plant underwent successful hot commissioning. The new technology, requiring fastreactor technology, was said to have the potential to boost the utilization rate of uranium by a factor of 60. The China Daily reported that the technological breakthrough was a crucial step toward initial practical application, which a company spokesman said was likely to happen within a year.

CNNC says it will take at least a decade for China to begin the large-scale industrial application of spent fuel processing technology, which could be the solution to any uranium supply shortage and keep the country's nuclear energy development on course overall.

The company's target year for the technology to take commercial and industrial effect is now 2021. This is far enough ahead for the uranium mining industry and the nuclear power industry to consider the claims made for the process and decide on market strategies for uranium supply.

CNNC, is China's major nuclear power developer is targeting 16,000 MW of nuclear power installed and in operation by 2015, as nuclear builds accelerate nationwide, and a further 20,000 MW under construction by the same year. The company plans to invest $122 billion in nuclear power projects by 2021. This is in line with China's nuclear generation increase plans to 40,000 MW by 2020 from the current 9,000 MW. With this scale of nuclear project building in the pipeline, the supporting supply chain of uranium is a matter of primary concern. China already is securing supply sources globally and encouraging high-tech reactors alongside the positive outcome of the fuel reprocessing technology. China's demand for uranium will be 20,000 tons per annum by 2020, of which local mines can supply just more than 10. Multiply the latter percentage by 60, and the desire for success of the new fuel technology is self evident.