August 21, 2006

Company will work on thorium based reactors

Northamerican Energy Group Corporation (Pink Sheets:NNYG) announced today that it has signed an agreement with Bayport Corporation of Tulsa, Oklahoma, to establish a wholly owned division of Northamerican Energy, which will research, and develop, both Thorium-based nuclear power generation facilities, and Thorium-based power cells.

It is estimated that 225 of the 444 commercial nuclear power plants in operation worldwide are suitable candidates for conversion to Thorium/uranium fuel and those possibilities to build new, or convert existing, power plants in foreign countries such as Africa, South America, China and other Asian countries will also be explored as part of potential business opportunities.

Thorium reactors leave behind very little plutonium, meaning that governments have as much as 80% reduced availability to weapons-grade plutonium for the making of nuclear weapons.

Thorium Power is another company making Thorium reactors

It would be better if they made liquid fluoride thorium reactors


Anonymous said...

Yea, so we now have multi tons of spent thorium fuel instead of only a few tons of spent uranium fuel. Its horribly inefficient energy source in comparison to Uranium or Plutonium. You can still make weapons grade fissionable materials. Yes it would take you longer. So what. Those who are using nuclear reactors to make weapons won't waste their time with thorium it will just be a front for that same reactor they convert to uranium/plutonium and obtain the fuel from some other country. The cat is already out of the bag(1945). You can't put it back it. About time everyone figured it out.

Roy H said...

Anonymous couldn't be more wrong. It is the other way around, thorium can be used almost 100% but uranium only about 10%.

This company is not talking about pure thorium reactors but modifying existing uranium LWRs to add thorium and gain benefit by cheaper fuel. This is only a partial solution.

A much better solution is LFTRs.

Liquid Flouride Thorium Reactors were invented in the 1960s at Oak Ridge National Laboratory. They ran one for almost 5 years. LFTRs use cheap thorium, are inherently safe, do not produce long term radio-active waste and were abandoned because they are not suitable for making bombs. See:
Although the principles are proven, there is still some research required for the best materials to have long 50 year plus life. This should be our highest priority to solve our energy and pollution problems.