By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Commodities > US approves temporary nuclear waste storage in New Mexico
Commodities

US approves temporary nuclear waste storage in New Mexico

News Room
Last updated: 2023/05/10 at 3:18 AM
By News Room
Share
2 Min Read
SHARE

By Timothy Gardner

WASHINGTON (Reuters) – The U.S. nuclear energy regulator on Tuesday issued a license to Holtec International to build and operate a temporary facility to store nuclear waste from power plants, despite a New Mexico state law that could present a hurdle to the project.

The Nuclear Regulatory Commission (NRC) said the license authorizes private company Holtec to store 500 canisters holding nearly 8,700 metric tonnes of spent nuclear fuel from nuclear power plants for 40 years.

Holtec plans to eventually store up to 10,000 canisters in an additional 19 phases.

“Each expansion phase would require a license amendment with additional NRC safety and environmental reviews,” the agency said in a release.

The Biden administration believes that maintaining the current fleet of U.S. nuclear reactors and expanding the industry with new technologies is critical in the fight to curb climate change.

Opponents of nuclear power say the government does not yet have a permanent fix for the waste that can be toxic for hundreds of thousands of years.

A New Mexico state law that goes into effect on June 15 could complicate Holtec’s plans. It bans storage of the waste, until the state agrees to handle it and until the federal government figures out permanent storage.

Former President Barack Obama’s administration put an end to the Yucca Mountain waste site in Nevada, that was to be a permanent repository, after opposition from state politicians.

The Biden administration prefers a consent-based siting of nuclear waste facilities in which local communities are involved in the site selection process.

“What a path forward and timeline looks like is still to be determined,” said Pat O’Brien, a Holtec spokesperson. O’Brien said “strong local support” from New Mexico counties solidifies its belief the project is viable. 

The NRC issued a license in 2021 to Interim Storage Partners LLC for a proposed storage site in Andrews, Texas, but the company has not started construction.

Read the full article here

News Room May 10, 2023 May 10, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Israel blocks Arab foreign ministers from meeting in West Bank

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

South Africa faces backlash over plan to change law for Musk’s Starlink

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Opec+ to boost oil output for third consecutive month

Stay informed with free updatesSimply sign up to the Oil myFT Digest…

Turkey detains five mayors in latest crackdown on opposition

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Entire Gaza population at risk of famine, says UN

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

Commodities

Russia mulls extra tax for some commodities exports, including metals – sources

By News Room
Commodities

Gold prices tumble as Fed talks higher rates

By News Room
Commodities

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

By News Room
Commodities

China approves export licences for chip materials gallium, germanium

By News Room
Commodities

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

By News Room
Commodities

Federal Reserve interest rate signals prompt oil price dip

By News Room
Commodities

Oil prices inch closer to $100 per barrel amid inflation concerns

By News Room
Commodities

Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?