Business · Companies · 13 hrs ago

Urenco's Almelo order book grows as countries seek alternatives to Russian uranium

Urenco's Almelo order book grows as countries seek alternatives to Russian uranium

Demand for uranium for nuclear power plants is rising quickly.

Urenco enriches uranium at its factory in Almelo, in the Netherlands.

Its order book grew by 28% in six months.

Countries seeking to become less dependent on Russia are among those placing orders.

Urenco is expanding its capacity to meet the increased demand.

Enriched uranium is used as fuel in nuclear power plants.

The company's chief executive, Ad Louter, says it expects to be busy for the next 25 years.

Louter is retiring, and Urenco's expansion is its response to the orders.

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Ad LouterUrenco managing director
We will be very busy for the next 25 years
via De Telegraaf