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Uranium miner Cameco, partners mull fuel supply chain for small nuclear reactors in Poland

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(Kitco News) - Today, Cameco, GE Hitachi Nuclear Energy, GEH SMR Technologies, and Synthos Green Energy (SGE), announced that they have entered into a Memorandum of Understanding (MOU) to evaluate the potential establishment of a uranium fuel supply chain in Canada capable of servicing a potential fleet of BWRX-300 small modular reactors (SMRs) in Poland.

According to a statement, Synthos, a manufacturer of synthetic rubber and one of the biggest producers of chemical raw materials in Poland, is interested in obtaining affordable, on-demand, carbon-free electricity from a dependable, dedicated source.

In 2019, SGE and GEH agreed to collaborate on potential deployment applications for the BWRX-300 in Poland. SGE and GEH signed a strategic agreement in 2020 that further advanced the cooperation.

Cameco supplies uranium, uranium refining and conversion services to the nuclear industry worldwide. In July 2021, Cameco, GEH and Global Nuclear Fuel-Americas (GNF-A) agreed to explore several areas of cooperation to advance the commercialization and deployment of BWRX-300 SMRs in Canada and around the world.

"We believe nuclear energy will play a major role in helping countries and companies around the world achieve their net-zero emission targets," said Cameco president and CEO Tim Gitzel. "This MOU is a great example of the kind of innovative solutions businesses like Synthos Green Energy are exploring and how SMRs could contribute to industry-driven efforts to decarbonize."

"We look forward to working with Cameco and GEH in understanding the uranium requirements for a fleet of BWRX-300s in Poland and the support that Canada has to offer," said Rafał Kasprów, President of the Board of SGE.

"Through our collaboration we look forward to the opportunity to bring carbon-free energy generation to Poland and support the creation of valuable uranium supply jobs in Canada," said Jay Wileman, President & CEO, GEH.

The BWRX-300 is a 300 MWe water-cooled, natural circulation SMR with passive safety systems that leverages the design and licensing basis of GEH’s U.S. NRC-certified ESBWR. GEH believes the BWRX-300 can become the lowest-risk, most cost-competitive and quickest to market SMR.

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