About URENCO
URENCO operates in a pivotal area of the nuclear fuel supply chain which ends with the sustainable generation of electricity for consumers around the world. The supply chain itself can be subdivided into four key processes: mining; conversion; enrichment; and fabrication. With its industry-leading centrifugal technology and around 25% global market share, URENCO is firmly positioned in the enrichment stage, which is the highest value added segment of the supply chain.
URENCO’s principal activity is the provision of a service to enrich uranium to provide fuel for nuclear power utilities. Its enrichment service is mostly provided on a toll basis using customers’ uranium.
URENCO currently achieves this in Europe through its main operating subsidiary, URENCO Enrichment Company Limited (“UEC”) and UEC’s three operating subsidiaries which own and operate enrichment plants in the UK (Capenhurst), Germany (Gronau) and the Netherlands (Almelo).
In the US, another URENCO subsidiary, Louisiana Energy Services LLC (“LES”), has constructed an enrichment plant (URENCO USA) in New Mexico, which has become operational.
URENCO also owns a 50% interest in Enrichment Technology Company Limited (“ETC”), a joint venture company jointly owned with Areva. ETC provides enrichment plant design services and gas centrifuge technology for enrichment plants through its subsidiaries in the UK (Capenhurst), Germany (Gronau and Julich), the Netherlands (Almelo), France (Tricastin) and the U.S. (Eunice).