The Conversation (0)
IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF,OTC Pink:IAALF) and Ceramic Tubular Products, LLC signed a memorandum of understanding to jointly advance and develop their respective nuclear fuel technologies to address operational and performance issues with light water reactor fuel systems.
IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF,OTC Pink:IAALF) and Ceramic Tubular Products, LLC signed a memorandum of understanding to jointly advance and develop their respective nuclear fuel technologies to address operational and performance issues with light water reactor fuel systems.
As quoted in the press release:
IBC and CTP’s nuclear fuel technologies are very complementary and have the potential to deliver significant fuel performance improvements and operational safety benefits to the nuclear industry. CTP, based in Rockville, MD and Lynchburg, VA, has been developing an advanced nuclear fuel ceramic cladding, known as silicon carbide triplex cladding, primarily for existing Light Water Reactors (LWRs). This advanced technology aims to improve the economics of the nuclear industry by increasing safety margins and overall fuel performance. CTP has been awarded multiple grants, including one from the US Department of Energy, to further research, identify and evaluate complementary fuel forms, such as IBC’s BeO enhanced fuel that could contribute by facilitating the cladding to achieve its full potential in commercial service.
Ceramic Tubular Products CEO, Herb Feinroth said:
“We look forward to working with IBC and their advanced nuclear fuel R&D program.” “Our respective technologies not only complement each other from a technological and commercial perspective, but are also very timely, given recent developments in the nuclear industry after the accident of the Fukushima LWR reactors in Japan. CTP’s longstanding relationships with the Department of Energy, industry regulators and other industry partners,” continued Feinroth, “reinforce our belief that a partnership with IBC offers great promise for our respective companies and the nuclear fuel industry.”
Click here to read the IBC Advanced Alloys (TSXV:IB,OTCQX:IAALF,OTC Pink:IAALF) press release.
Click here to view the IBC Advanced Alloys (TSXV:IB,OTCQX:IAALF,OTC Pink:IAALF) profile.