Thursday, 28 November 2024
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The 665-acre (2.7 square kilometres) parcel of land was previously owned by the Commonwealth of Kentucky and managed by the Kentucky Department of Fish and Wildlife Resources. It was acquired by Global Laser Enrichment (GLE) through an agreement among the Commonwealth, Kentucky Department of Fish and Wildlife Resources, and the Paducah-McCracken County Industrial Development Authority. GLE entered into a set of agreements providing it with an option to purchase the plot earlier this year.
GLE is the exclusive global licensee of the SILEX laser-based uranium enrichment technology, which would be deployed commercially at PLEF. The project is underpinned by a long-term agreement signed in 2016 for the sale to GLE of some 200,000 tonnes from the US Department of Energy’s inventory depleted uranium hexafluoride (DUF6) for re-enrichment to equivalent natural grade uranium hexafluoride. The DOE has a large inventory of the material – also known as tails – from the former operations of its first-generation gaseous diffusion enrichment plants.
The site acquired by GLE is adjacent to the DOE’s former Paducah Gaseous Diffusion Plant, which closed in 2013. It provides access to the cylinder yard where the DUF6 tails inventories are stored, minimising transportation between the PGDP and the proposed PLEF plant.
DUF6 storage at the PGDP (Image: Silex Ltd)
GLE said it is currently on track to submit the environmental report for the plant to the US Nuclear Regulatory Commission in December and the licence application in the summer of 2025. The company’s CEO Stephen Long said GLE is working towards a commercialisation decision “and maintaining our deployment target of no later than 2030.”
The SILEX technology was developed by Australian company Silex Systems Ltd, which owns 51% of GLE, with the remaining 49% owned by Canadian company Cameco.
Silex CEO/Managing Director Michael Goldsworthy said the acquisition of the PLEF site is the result of “several years of dedicated efforts” from the GLE team with “considerable support” from the community of Paducah and the Commonwealth of Kentucky. The DOE tails inventory will underpin production of natural grade uranium hexafluoride at PLEF for up to 30 years, he said, with a production rate that will be “equivalent to a uranium mine with an annual output of up to 5 million pounds of uranium, which would rank in the top 10 of today’s uranium mines by production volume.”
