Urenco
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This article is part of the Nuclear Spin project of Spinwatch. |
Contents
Background
The Urenco Group is a nuclear fuel company operating several uranium enrichment plants in Germany, the Netherlands, the United Kingdom, and the United States. It supplies nuclear power stations in about 15 countries, and in 2011 had a 29 per share of the global market for enrichment services. Urenco uses centrifuge enrichment technology.[1][2]
Urenco's main rivals include Russia's Tenex, America's USEC and France's Areva, though China has around 6 per cent of the market and is growing fast.
For sale
In August 2013 Urenco was put up for sale for £9bn by its three one-third shareholders – the British and Dutch governments and a private combo representing Germany, namely the RWE and E.ON utility companies. [3]
Potential buyers of Urenco according to The Telegraph include Canadian uranium processor Cameco, Areva, infrastructure funds and private equity.
Activities
Meetings with government ministers
- Met with Jonathan Marland in November 2010 to 'discuss energy issues' [4]
People
Helmut Engelbrecht, chief executive joined Urenco in 2003, having previously been a customer as E.ON's fuel supply boss. Regarding the entrenched negotiations between the UK and EDF over building a new nuclear power station in Somerset in the UK, Engelbrecht is certain it "will come to a conclusion. It's essential infrastructure to keep the UK electricity supply going. You cannot have relied for 25pc of your generation on nuclear for 60 years and all of a sudden expect to be able to forgo that".
Lobbyists
- John Arnold, director of Northern and Universal lists Urenco as a client on the UKPAC register in 2011 [5]
Funding
Contact, Resources and Notes
Contact
- Website:
Resources
Notes
- ↑ About URENCO. Urenco. Retrieved 14 September 2012.
- ↑ Full Year 2011 Audited Financial Results. Urenco. Retrieved 14 September 2012.
- ↑ Alistair Osborne, Urenco chief Helmut Engelbrecht knows his nukes and just how to generate cash, The Telegraph, 16 Jun 2013 9:05PM BST, acc 21 August 2013
- ↑ Department of Energy and Climate Change. Ministerial meetings with outside interests, 1 Oct - 31 Dec 2010
- ↑ UKPAC Register, Period 1 September 2011 to 30 November 2011
