US nuclear fuel company Centrus Energy has signed an agreement with Korea Hydro & Nuclear Power (KHNP) and Posco International to explore potential South Korean investment in the expansion of its uranium enrichment plant in Piketon, Ohio.
The non-binding memorandum of understanding is aimed at facilitating additional private sector capital to support the potential expansion of Centrus’ enrichment capacity in Ohio.
The agreement also calls for the companies to explore additional opportunities for cooperation, such as additional supply agreements for low-enriched uranium (LEU) for nuclear reactors and high-assay, low-enriched uranium (Haleu) for next generation reactors.