Emirates signs nuclear deal with world’s largest uranium producer

Yesterday, Emirates Nuclear Corporation announced that it had signed the first commercial agreement for the supply of uranium fuel with Kazakhstan’s national nuclear company “Kazadoprom”. Al Dhafra Region in Abu Dhabi Emirate. The agreement paves the way for new areas of future cooperation between the two sides, and supports the strategy pursued by the Emirates Nuclear Corporation since the beginning of the UAE’s peaceful nuclear program. This includes procurement and diversification of suppliers to ensure a safe and sustainable supply of nuclear fuel.

Kazakhstan’s President Kassym-Jomart Togayev signed the agreement during an official visit to the United Arab Emirates, during which representatives of Kazakhstan’s National Nuclear Energy Company participated in the Conference of the Parties to the United Nations Framework Convention. Climate Change (COP28), was signed in the presence of officials from both countries during the conference.

The deal is of strategic importance, as Kazakhstan is the world’s largest uranium producer, as it has approximately 12% of extractable uranium resources, and produces 40% of the world’s uranium, as 42% is extracted. The world’s uranium in 2022.

Mohammed Al Hammadi, Managing Director and CEO of Emirates Nuclear Corporation, said, “The Corporation has a comprehensive strategy for fuel management at the Barakah stations, which signed agreements with several global suppliers in 2012. Safe Materials,” the contract signed with Kazatomprom, the world’s largest uranium producer, is of strategic importance to the Emirates Nuclear Corporation.

For his part, Mirzan Yusupov, CEO of Kazatomprom, said: “We are pleased to include the UAE among the countries we supply fuel to, especially with Kazatomprom’s track record in the supply sector and its reputation in the market for sustainability, which falls within the framework of the energy security and neutrality agenda.” Climate in the United Arab Emirates.

He added: “We hope that our partnership will be strengthened in the future, leading to new contracts for the reliable supply of natural uranium to the Barakah nuclear power plants.”

• The deal supports the company’s strategy to diversify procurement and suppliers.

Cooperation with American “Terapower” to develop nuclear “technologies”.

Emirates Nuclear Energy Corporation has signed a memorandum of understanding with TerraPower, an American company specializing in innovations in the nuclear energy sector, aimed at joint cooperation in the field of developing applications of advanced technologies in this sector. Ahmed Al Mazrouei, Deputy Managing Director of Research and Development at Emirates Nuclear Corporation and Chris Lavesque, CEO of TerraPower, signed the agreement on the sidelines of the COP28 conference. CEO of Emirates Nuclear Corporation, Mohammed Al Hammadi and Chairman of TerraPower Board of Directors, Bill Gates.

Emirates Nuclear Energy Corporation and TerraPower will collaborate in various areas, including technical design and commercial feasibility, to develop the “Natrium” technology invented by the American company in both the UAE and the United States.

The technology will primarily be used to produce carbon-free electricity, along with non-conventional applications of nuclear power that include hydrogen production.