Wednesday 3 February 2016

Veolia buys nuclear waste clean-up firm for $350m

Veolia buys nuclear waste clean-up firm for $350m

Veolia has announced the acquisition of a nuclear waste clean-up firm for $350 million (£245m).

Kurion is an US startup which also provides decommissioning as well as treatment of low-level radioactive waste.

It stabilised Japan’s Fukushima Daiichi nuclear power plant in the wake of 2011 tsunami.

The French company claims the purchase completes a critical part of Veolia’s strategy in the nuclear cleanup sector.

Now it will be able to provide solutions in both nuclear facility clean-up and the treatment of low and medium-level radioactive waste, it added.

Antoine Frérot, Chairman and CEO of Veolia said: “Bringing Kurion and its employees into Veolia is going to enable us to develop a world-class integrated offer in nuclear facility cleanup and treatment of low level radioactive waste around the world.

"By having all the expertise and solutions that are indispensable for the treatment of this type of waste, our company is confirming that it is what it has always been: a pioneer in the treatment and recovery of waste and resources.”

In the UK, the boss of EDF’s Hinkley nuclear power project has resigned amid claims the energy company’s board recently failed to proceed with a final investment decision for the project.

Written by

Bruna Pinhoni

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