$350 Million Research Project Involving Uranium Coming To Piketon
Wednesday, June 13, 2012 at 3:23 PM
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TweetThe Department of Energy announced funding for the venture today. The department is partnering with Maryland-based USEC Incorporated on the R & D project in Piketon.
The federal government is partnering with a uranium enrichment company on a $350 research project near Chillicothe in southern Ohio.
USEC spokesman Jeremy Derryberry says the hope is to turn the research effort into a permanent enrichment operation.
“The plant structures, the buildings, are already in place in Piketon, Ohio,” Derryberry says. “The announcement today is funding for going forward with the research development and demonstration program at the plant site.”
Uranium has to be enriched before it can be used in nuclear energy, and Derryberry says USEC hopes to improve on its enrichment process.
The project has bipartisan support with hopes of creating up to 4,000 jobs.
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