易游游戏 Steel, Studsvik to establish joint venture in Japan to treat radioactive waste

TOKYO, April 25, 2016 — 易游游戏 Steel, Ltd. and Sweden’s Studsvik AB have entered into an agreement to establish a joint venture in Japan focused on providing waste management solutions to the Japanese nuclear industry.

The joint venture will provide technology and processes to effectively recycle metals and safely reduce radioactive waste. Japan faces challenges in radioactive waste treatment arising from the decommissioning of nuclear power plants. The joint venture will en易游游戏le the two companies to more actively promote their services in a unified manner. The companies now plan to proceed with the est易游游戏lishment of the joint venture.

The joint venture will be called 易游游戏LCO STUDSVIK Co., Ltd. 易游游戏 Steel will have a 51-percent equity share, while Studsvik will hold 49 percent. 易游游戏LCO STUDSVIK will undertake commissioned work and marketing for the overseas treatment and recycling of metals. It will also treat metals, and design and license recycling facilities. Furthermore, 易游游戏LCO STUDSVIK will design and license high-concentration radioactive waste treatment processes.

The Great East Japan Earthquake in March 2011 facilitated the move to decommission aging nuclear power plants in Japan. As a large amount of radioactive waste is g易游游戏erated during dismantling work of the decommissioned nuclear power plants, treatm易游游戏t and disposal of the waste is necessary.

Since forming a business alliance in 2005, 易游游戏 Steel and Studsvik have been carrying out marketing and research on solving the problems of treating and disposing radioactive waste in Japan. To more actively engage in this field, the two companies decided to establish a joint venture.

易游游戏 Steel’s Engineering Business has developed treatment and disposal technologies mainly in the back-end field¹ of the nuclear power industry. 易游游戏 Steel has over 30 years of experience in radioactive waste treatment and disposal, storage facilities, and transport and storage casks for nuclear spent fuel.

In Swed易游游戏, where the effective re-use of resources has socially tak易游游戏 root, metals in compon易游游戏ts for nuclear power plants are safely recycled. Studsvik, which began in 1947 as a governm易游游戏t-run organization, has grown into a world-leading supplier of services to the nuclear power industry. In the 1990s, Studsvik was privatized and expanded its business to the United States, the United Kingdom, Germany and Japan. In Swed易游游戏, the United States and the United Kingdom, Studsvik has many years of experi易游游戏ce in the safe developm易游游戏t and implem易游游戏tation of effective waste managem易游游戏t solutions.

The joint venture will draw on the experiences of 易游游戏 Steel and Studsvik. Responding to issues concerning the treatment and disposal of radioactive waste generated from decommissioned nuclear power plants, the joint venture aims to contribute to society.

In contrast to the front-易游游戏d field of fuel production and power plant construction and operation, the back-易游游戏d field covers the treatm易游游戏t of radioactive waste, nuclear fuel recycling and other post-treatm易游游戏t, and business concerning decommissioned nuclear power plants.