Latest news with #WestinghouseElectric
Yahoo
7 days ago
- Business
- Yahoo
Poland to seek partner for second nuclear plant in June
WARSAW (Reuters) - Poland will begin selecting a partner for its planned second nuclear power plant in June, the country's leading energy security official said on Wednesday. Deputy Industry Minister Wojciech Wrochna had previously said the process would start in January. Poland, which is working to reduce its reliance on coal, chose Westinghouse Electric to build its first nuclear plant on the Baltic Sea coast. The financing is not fully agreed, but is is meanwhile preparing to start working on a second plant. "We want to have a capital partner, but we don't know if we'll find one. We have to verify what this interest is. We want to end this dialogue next year," Wrochna told a news conference. "We will conduct a dialogue with the market. We won't include a model or a contractor. We want to negotiate what is possible in terms of technology, contractor, financing and operation. We will talk to everyone, the French, the Americans, the Canadians," he added.
Straits Times
7 days ago
- Business
- Straits Times
Poland to seek partner for second nuclear plant in June
WARSAW - Poland will begin selecting a partner for its planned second nuclear power plant in June, the country's leading energy security official said on Wednesday. Deputy Industry Minister Wojciech Wrochna had previously said the process would start in January. Poland, which is working to reduce its reliance on coal, chose Westinghouse Electric to build its first nuclear plant on the Baltic Sea coast. The financing is not fully agreed, but is is meanwhile preparing to start working on a second plant. "We want to have a capital partner, but we don't know if we'll find one. We have to verify what this interest is. We want to end this dialogue next year," Wrochna told a news conference. "We will conduct a dialogue with the market. We won't include a model or a contractor. We want to negotiate what is possible in terms of technology, contractor, financing and operation. We will talk to everyone, the French, the Americans, the Canadians," he added. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Arab News
22-05-2025
- Business
- Arab News
Vietnam says ‘positive progress' in trade talks with US
HANOI: Vietnam said on Thursday 'positive progress' has been made in trade talks with Washington, as it tries to slash President Donald Trump's threatened 46 percent levy imposed on the country in his global tariff ministry of industry and trade however said both sides have 'groups of issues for further discussion' in the coming rounds of talks, with the next scheduled for early southeast Asian nation has the third-biggest trade surplus with the United States of any country after China and Mexico and is anxious to address the imbalance to head off the tariff the end of three days of talks in Washington, both sides had identified matters of common concern 'in the spirit of goodwill, frankness... and balance of interests,' the ministry said in a statement on its Vietnamese team sought help during its time in the United States from US tech and industry giants, including Lockheed Martin, SpaceX and also signed an agreement with US company Westinghouse Electric on nuclear power Trump's real estate group on Wednesday broke ground in Vietnam on a $1.5-billion luxury resort and golf course 40 kilometers (25 miles) southeast of the capital son, Eric Trump, an executive vice president of The Trump Organization, and his wife Lara attended the event, as well as local partner the Kinhbac City Development Corporation (KBC).He is also due to scout locations this week for a potential tower project in Ho Chi Minh City, Vietnam's southern business visited the Vietnamese capital in 2019 for his abortive second summit with North Korean leader Kim Jong described Hanoi at the time as an 'incredible city,' praising Vietnam for 'the job they've done — economic development.'
Arab News
22-05-2025
- Business
- Arab News
Vietnam says 'positive progress' in trade talks with US
HANOI: Vietnam said on Thursday "positive progress" has been made in trade talks with Washington, as it tries to slash President Donald Trump's threatened 46 percent levy imposed on the country in his global tariff blitz. The ministry of industry and trade however said both sides have "groups of issues for further discussion" in the coming rounds of talks, with the next scheduled for early June. The southeast Asian nation has the third-biggest trade surplus with the United States of any country after China and Mexico and is anxious to address the imbalance to head off the tariff threat. At the end of three days of talks in Washington, both sides had identified matters of common concern "in the spirit of goodwill, frankness... and balance of interests", the ministry said in a statement on its website. The Vietnamese team sought help during its time in the United States from US tech and industry giants, including Lockheed Martin, SpaceX and Google. It also signed an agreement with US company Westinghouse Electric on nuclear power development. President Trump's real estate group on Wednesday broke ground in Vietnam on a $1.5-billion luxury resort and golf course 40 kilometres (25 miles) southeast of the capital Hanoi. His son, Eric Trump, an executive vice president of The Trump Organization, and his wife Lara attended the event, as well as local partner the Kinhbac City Development Corporation (KBC). He is also due to scout locations this week for a potential tower project in Ho Chi Minh City, Vietnam's southern business hub. Trump visited the Vietnamese capital in 2019 for his abortive second summit with North Korean leader Kim Jong Un. He described Hanoi at the time as an "incredible city", praising Vietnam for "the job they've done -- economic development".
Yahoo
21-05-2025
- Business
- Yahoo
Spent Nuclear Fuel Management and Recycling Industry Report 2025-2034: Deep Geological Repositories and Recycling Tech Drive Growth, Permanent Disposal Facilities Emerge as Long-Term Solution
The Global Spent Nuclear Fuel Management and Recycling Market is experiencing growth fueled by rising nuclear power demand and innovative reprocessing technologies. Key players like Orano, Westinghouse Electric, and Rosatom are leading advancements. While the push for low-carbon energy propels the market, public concern over nuclear safety poses challenges. Opportunities exist in advanced recycling and permanent waste disposal solutions, essential amid increased nuclear energy production. Major regions include North America, Europe, and Asia-Pacific. Dublin, May 21, 2025 (GLOBE NEWSWIRE) -- The "Spent Nuclear Fuel Management and Recycling Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis- Analysis and Forecast, 2025-2034" report has been added to offering. The Global Spent Nuclear Fuel Management and Recycling Market is witnessing substantial growth due to increasing demand for lightweight, high-strength materials in industries such as automotive, aerospace, electronics, and construction. Milled carbon fiber, made from finely milled carbon fiber material, offers enhanced mechanical properties, including high strength-to-weight ratios, corrosion resistance, and electrical conductivity, which make it an attractive material for various industrial 2025, the market will be propelled by the growing adoption of carbon fiber-based composites for lightweight and durable products. The automotive sector, in particular, is experiencing a surge in demand for carbon fiber composites due to the need for fuel-efficient and eco-friendly vehicles. The aerospace and electronics industries will also continue to leverage milled carbon fiber for structural components and conductive applications. By 2034, the market is expected to expand further, driven by technological advancements, greater material innovation, and the ongoing push toward sustainability across industries. Trends in the Spent Nuclear Fuel Management and Recycling Market A significant trend in the spent nuclear fuel management and recycling market is the increasing investment in advanced reprocessing technologies. These include techniques such as pyro-processing, which allow for the recycling of spent fuel into usable materials, minimizing waste and reducing long-term storage requirements. This trend is driven by both environmental concerns and the desire to increase the efficiency of nuclear fuel cycles. Drivers in the Spent Nuclear Fuel Management and Recycling Market The primary driver in this market is the growing demand for nuclear power as a cleaner energy source. With global efforts to reduce greenhouse gas emissions, nuclear power is seen as a viable solution for generating low-carbon electricity. This increased nuclear energy production leads to higher volumes of spent nuclear fuel, thereby necessitating the development of effective management and recycling solutions. Restraints in the Spent Nuclear Fuel Management and Recycling Market One of the main challenges in the market is the public opposition to nuclear power and waste management solutions. Despite the technological advancements in storage and recycling, concerns about the safety of long-term storage and potential risks associated with nuclear accidents continue to restrain the widespread acceptance and implementation of nuclear waste management strategies. Opportunities in the Spent Nuclear Fuel Management and Recycling Market A key opportunity lies in the development of advanced recycling techniques and the construction of permanent disposal facilities. As more countries seek to implement sustainable nuclear power solutions, the demand for innovative recycling technologies that reduce waste volumes and improve the efficiency of the nuclear fuel cycle will increase. Additionally, the development of deep geological disposal facilities for high-level waste presents a significant long-term opportunity in the market. Competitive Benchmarking & Company Profiles of Key Players Orano Westinghouse Electric Company LLC EnergySolutions China National Nuclear Corporation Rosatom Hitachi-GE Nuclear Energy Ltd. Framatome Mitsubishi Nuclear Fuel Co., Ltd. SKB Veolia Bechtel Corporation General Atomics Ontario Power Generation Inc. Babcock International Group PLC NAC International Inc. Key Topics Covered: 1. Markets: Industry Outlook1.1 Trends: Current and Future Impact Assessment1.2 Stakeholder Analysis1.2.1 Use Case1.2.2 End User and Buying Criteria1.3 Market Dynamics Overview1.3.1 Market Drivers1.3.2 Market Restraints1.3.3 Market Opportunities1.4 Regulatory & Policy Impact Analysis1.5 Patent Analysis1.6 Start-Up Landscape1.7 Investment Landscape and R&D Trends1.8 Future Outlook and Market Roadmap1.9 Supply Chain Analysis1.10 Value Chain Analysis1.11 Global Pricing Analysis1.12 Industry Attractiveness1.13 SNF Management Practices by Country1.14 Case Studies2. Spent Nuclear Fuel Management and Recycling Market (By Application)2.1 Application by Product Segmentation2.2 Application by Product Summary2.3 Spent Nuclear Fuel Management and Recycling Market (by Application)2.3.1 Energy Generation2.3.2 Waste Storage & Disposal2.3.3 Others (R&D, Medical, Defense, and others)3. Spent Nuclear Fuel Management and Recycling Market (by Product)3.1 Product Segmentation3.2 Product Summary3.3 Spent Nuclear Fuel Management and Recycling Market (by Type)3.3.1 Low-level Waste3.3.2 Intermediate-level Waste3.3.3 High-level Waste3.4 Spent Nuclear Fuel Management and Recycling Market (by Source)3.4.1 Nuclear Fuel Cycle3.4.2 Research, Medical, and Industrial Source3.4.3 Military and Defense Programs3.4.4 Others4. Spent Nuclear Fuel Management and Recycling Market (by region)4.1 Spent Nuclear Fuel Management and Recycling Market (by Region)4.1.1 Regional Overview4.1.2 Driving Factors for Market Growth4.1.3 Factors Challenging the Market4.1.4 Key Companies4.1.5 Applications4.1.6 Products5. Competitive Benchmarking & Company Profiles5.1 Next Frontiers5.2 Geographic Assessment5.3 Company Profiles5.3.1 Overview5.3.2 Top Products/Product Portfolio5.3.3 Top Competitors5.3.4 Target Customers5.3.5 Key Personnel5.3.6 Analyst View5.3.7 Market ShareFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
