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Urenco signs up to net zero coalition
26 October 2023 Global NewsUrenco has been confirmed as a member of the new Net Zero Nuclear (NZN) coalition at a signing ceremony in Barakah, Abu Dhabi.
The signing took place during CEO Boris Schucht’s visit to the Barakah Nuclear Power Plant this week, where he met Urenco’s long-term customer, the Emirates Nuclear Energy Corporation (ENEC).
ENEC is also a founding member of NZN, which is an initiative calling for collaboration among governments, industry leaders and civil society to triple global nuclear capacity to achieve carbon neutrality by 2050.
Boris put pen to paper alongside His Excellency Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of ENEC.
It comes as the United Arab Emirates (UAE) prepares to host COP28 this year, with industry partners coming together to support NZN in the lead up to the climate-change conference.
Urenco also plans to attend COP28 as nuclear continues to gain recognition as part of the solution to reaching net zero emissions worldwide.
Urenco is one of ENEC’s nuclear fuel suppliers, providing a diverse and reliable supply of enrichment services from its European enrichment facilities for the Barakah Nuclear Power Plant, which provides nearly 25 percent of the UAE’s electricity needs and became commercially active in 2021.
Boris said: “The world needs a secure, sustainable net zero future.
“For this to happen, nuclear must play a significant role in the clean-energy transition alongside renewables, with the backing and resolve of governments, industry and the supply chain.
“Urenco is committed to delivering for a net zero world and stands proudly with ENEC, the World Nuclear Association (WNA) and other organisations supporting Net Zero Nuclear as we advance towards COP28.”
Read the full announcement here.
For more information on Net Zero Nuclear visit: netzeronuclear.org
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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