Angela Jameson
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Britain has a stockpile of plutonium and uranium that, if converted to fuel, could be worth nearly £160 billion and power three nuclear reactors for 60 years, scientists say.
The future of the stockpile - largely left over from burning fuel - will be decided by ministers over the next year, The Times has learnt. Its value is estimated as the equivalent of 2.6 billion barrels of oil.
The Nuclear Decommissioning Authority (NDA), which takes responsibility for the stockpile on behalf of the State, has begun to consult the nuclear industry on what to do with the 100 tonnes of plutonium, which is stored at present at Sellafield, Cumbria. The NDA confirmed that it was also talking to uranium reprocessors about the possible sale of some of the uranium, which is stored at Capenhurst, Cheshire, and is thought to be double the quantity of plutonium.
By recycling plutonium and uranium into so-called mixed oxide fuel (MOX), they can be re-used in nuclear reactors of the sort used in France, Germany, Japan and Belgium.
All three reactor designs being considered for Britain by the Nuclear Installations Inspectorate could burn MOX fuel alongside uranium. Once turned into ceramic-encased MOX pellets, plutonium can be used in a nuclear reactor, making it a valuable and relatively low-carbon fuel source.
Neil Longfellow, director of commercial recycling at Sellafield, who looks after the site's MOX plant, said: “This material - the plutonium and the uranium - is classified as neither a liability nor an asset at the moment. But I would choose to use it on the basis that it is there and it is of value - particularly as the price of oil, coal and gas remains at record highs.”
MOX is already made at Sellafield for use overseas, but a new fabrication plant would need to be built if the Government decided to burn MOX pellets in its new nuclear reactors.
This would likely cost between £1 billion and £2 billion, but recent figures from the National Nuclear Laboratory, formerly part of British Nuclear Fuels, suggested that recycling plutonium and uranium would save more than £2billion on safe disposal costs. Burning it would avoid the creation of 0.5 billion tonnes of carbon dioxide.
Reclassifying the stockpile as an asset would generate £20 billion of inward investment, without the need for government funding, the group said.
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Gordon Brown has already proved he cannot be trusted with an asset such as this plutonium, as he sold off our gold reserves at a knock down price compared to recent highs.
This is family silver.
Edna Burbridge, Engreve, France
We should have built more Nukes years ago.
The French have them up and down their Channel coast.
This really is, to use that trite phrase, "a no brainer" !
Richard Garland, Greater Manchester,
The UK missed the opportunity to use North Sea oil to create a Sovereign Wealth fund - sell the nuclear fuel and start one now.
AJ, London,
At least something the government has managed to sell - this is probably because they weren't aware of it in the first place.
If we sold some of it we could outspend the Chinese at the opening ceremony of the 2012 Olympics.
tim murray, London,
What none of the contributors tto the blog to date have addressed is plutonium is the prime ingredient for nuclear bombs. All qualities of plutonium - fuel, reactor or so-called weapons-grade- can be made into nuclear warheads. Sellafield is stockpiling around 108,000 kgs, a bomb needs only 5 kg
Dr David Lowry, Stoneleigh, England
Use it in a british power plant, built by a british business, financed by UK money.
RobD, Bracknell, UK
Lets get on with what we need to do before time runs out
start building our new reactors sooner rather than later.
stephen, Blackpool, England
Can I have it please if it is neither an asset nor a liability to the country.
Seriously, can we now get on with building some atomic power stations; we have dithered long enough and desperately need to provide for ourselves and not be beholden to Russia and the Middle East
Fraser Elgin, Edinburgh,
Use the plutonium to produce more fuel in a fast breeder reactor programme.
F Dawson, London,
Could we not sell it to Iran? Or even barter for loads of crude oil as the Iranians don't seem to understand that as the World's second largest producer that oil can be used for power stations.
As a safeguard get the Iranians to sign an agreement that it will only be used for peaceful purposes
Walter, Dungeness,
Yet another gaff by messrs. Brown and co. So desperate to sell the shop they did not even do a stock taking first.
Brian Anderson, Edinburgh,
Now who went and told everyone about something Gordon can sell and us down the river along with it. 3 power stations for 60 years means 12 power stations for 15. Not even their operational lifetime.
Common sense says KEEP IT. If Gordon sells I consider it an act of TREASON.
Tim Carpenter LPUK, London, UK
I fully expect the government to annouce they are going to sell this on the open market, thereby depressing the price in advance.
David Armstrong, Braintree,
Whatever it is worth today it will be worth far more in the near future so no doubt Gordon Brown will sell ti to France for next to nothing.
David Cage, Highworth, UK
Build neuclear power stations and use it. France is 85% reliant on nuclear power and they export a lot of powe to UK, so do it. Stop dithering and do it.
m wilson, bidache, france
you'd think with russia going ever more insane that gordon brown would see this as an opportunity to secure at least a portion of britains energy needs.
no doubt tho he will sell it and tell us how clever he is for getting a bit more money to dole out to his burecracy
will, grimsby, uk
Just hang onto it. You never know we may need it one day, but then so will others who will wish to use it and sell us the electricity. So perhaps G.Brown will see it as a good idea to sell at a rock bottom price to our "European friends". A bit more of our family silver crosses the channel.
D.L. Stephens, York, England