THORP and the economics of reprocessing

  • 55 Pages
  • 4.55 MB
  • 201 Downloads
  • English
by
Science Policy Research Unit, University of Sussex , Brighton
StatementFrans Berkhout and William Walker.
ContributionsWalker, William B. 1946-, University of Sussex. Science Policy Research Unit.
The Physical Object
Paginationv,55p. :
ID Numbers
Open LibraryOL19991939M
ISBN 100903622424
OCLC/WorldCa24756376

The economics of nuclear fuel reprocessing A case study of the Windscale THORP plant Peter Jones and David Pearce The comparative economics of the thermal oxide reprocessing plant are examined within the context of recent public pronouncements of nuclear power development in the UK to the yearusing `best estimates' of available : Peter Jones, David Pearce.

Cite this chapter as: Jones P.L. () The Economics of Nuclear-fuel Reprocessing: A Case Study of the Windscale THORP Plant. In: The Economics of Nuclear Power Programmes in the United : Peter Jones, David Pearce. This book is the definitive treatment of "Fortune's Formula," also described as "The Kelly Criterion", used by gamblers and investors alike to determine the optimal size of a series of bets.

Learn more. The Economics of Nuclear-fuel Reprocessing: A Case THORP and the economics of reprocessing book of the Windscale THORP Plant.

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Pages Jones, Peter Lloyd. Corrections. All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eneeco:vyipSee general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title. Nuclear Entrapment: THORP and the Politics of Commitment: Author: William Walker: Contributor: Institute for Public Policy Research (London, England) Publisher: Institute for Public Policy Research, ISBN:Length: pages:.

The study for a generic U.S. site estimated reprocessing-plant capital costs ranging from $2, million (government-owned plant) to $3, million (privately owned plant) for a reprocessing plant with an annual throughput of 1, MTHM/yr, 67% larger than the MTHM/yr throughput of THORP (Gingold et al., ).

reprocessing plant based on the THORP design, the other based on the Swedish SKB development programme. The ratio of the reprocessing component, less credits, to the direct disposal component approaches a factor of two in absolute terms.

However, in overall fuel cycle cost terms the direct disposal. As the utilization of Magnox reactors ends, the Magnox reprocessing plant will become obsolete and is currently expected to end its operation around The THORP plant, where operations were initiated inis scheduled to end its operation in (Spent Fuel Management, n.d.).

It has been indicated that the United Kingdom is still.

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30th Septemberthe Organisation for Economic Co-operation and Development (OECD) shall promote policies designed: − to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy.

The reprocessing dream was born out of cold war politics and utopian economics. One problem was the stockpiling of plutonium, critical to nuclear warheads, created in the nuclear process. Nuclear Site: a metric-ton thermal oxide reprocessing plant (THORP) and a facility that specializes in reprocessing waste for two specific British nuclear facil-ities (Oldbury and Wylfa, both of which are expected to cease operations by ).

Another reprocessing facility has been under construction in Rokkasho, Japan, since the late s. Books, arts and culture £ billion THORP reprocessing plant at Sellafield. It was dreamt up to improve the economics of THORP, originally conceived in the s to extract plutonium.

The Thermal Oxide Reprocessing Plant, or THORP, is a nuclear fuel reprocessing plant at Sellafield in Cumbria, is owned by the Nuclear Decommissioning Authority and operated by Sellafield Ltd (which is the site licensee company).

Spent nuclear fuel from nuclear reactors is reprocessed to separate the 96% uranium and the 1% plutonium, which can be reused in mixed oxide. Looking for books by Edward O. Thorp. See all books authored by Edward O. Thorp, including Beat the Dealer: a Winning Strategy for the Game of Twenty-One, and A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market, and more on the economics of reprocessing disposal of spent nuclear fuel final report 8/12//30/ matthew bunn steve fetter john p.

holdren bob van der zwaan december de-fgft project on managing the atom belfer center for science and international affairs john f. kennedy school of government harvard university 79 john f. kennedy street.

The Economics of Nuclear Power Programmes in the United Kingdom. The Economics of Nuclear-fuel Reprocessing: A Case Study of the Windscale THORP Plant.

Concluding Remarks. Peter Lloyd Jones. Pages Back Matter. Pages PDF. About this book. Keywords.

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economics kingdom nuclear research. Authors and affiliations. Peter. and reprocessing policies, and China’s nuclear future. Zhang is the author of a number of technical reports and book chapters, and dozens of articles in academic journals and the print media including Science and Global Security, Arms Control Today, Bulletin of the Atomic Scien.

Reprocessing Plant (THORP) to be constructed at Windscale, UK, is taken as an example. THORP has a designed maximum through-put of tonnes of irradiated uranium per year (equivalent to about 40 GWy). Table 1 shows the predicted risk to the world population from THORP's operation.

Table 1. Predicted Risk to World Population from THORP Operation. Sellafield's Thorp reprocessing operation, once hailed as the saviour of the British nuclear industry with its promise of producing limitless electricity throughout the 21st century, is to close. With reprocessing accounting for up to 25% of Sellafield’s business and Thorp’s order book adding up to something like £12 billion, the construction of SMP was an obvious next step after Thorp began operation in   Edward O Thorp is widely known as the author of the Beat the Dealer, which was the first book to prove mathematically that blackjack could be beaten by card counting, and the Beat the Market, which showed how warrant option markets could be priced and beaten.

He is regarded as one of the best hedge fund managers in the world. This economic history examines the political, institutional and economic forces that shaped Latin America's complex and often paradoxical development process over the 20th century.

Quantitative data is examined alongside the region's political economies to provide a context for the successes and failures of the Latin American countries. A Statistical Appendix provides regionwide and country-by. Furthermore, the interactions among legal, economic, and technological issues are essential.

This book covers the state of the art technologies on the recycling and reprocessing of spent nuclear fuel, reviewing past and current technologies, the possible implications of Fourth Generation nuclear reactors, and associated safely and security issues.

The second problem with reprocessing is the huge expense, starting with the cost of constructing the reprocessing facility. Japan’s $20 billion (¥ trillion) Rokkasho Reprocessing Plant, which was designed by AREVA, is a candidate for the most expensive single industrial facility in history.

The relative costs of reprocessing vs. not reprocessing are one important element of these debates. Economics is not the only or even the principal factor affecting decisions concerning reprocessing today. But economics is not unimportant, particularly in a nuclear industry facing an increasingly competitive environment.

"[This book] offers a wide-ranging overview of Latin American economic history that is non-ideological, and it succinctly abstracts the major trends through the region. By distilling common themes and identifying interesting variations, Thorp outlines the contours of Latin American economic experience in the twentieth century.".

Although Thorp has a £12 billion order book, taking it into a second decade, the advisory committee discloses that the work currently under contract could be completed by about and it points out: "The lifetime of Thorp reprocessing is dictated by BNFL's ability to win commercial contracts for reprocessing, either in the UK or abroad.

The move comes at a time when almost all of Britain's reprocessing capacity is closed for safety reasons following accidents. The Nuclear Installations Inspectorate is insisting that the Thorp. Sellafield is a large multi-function nuclear site close to Seascale on the coast of Cumbria, of Augustactivities at the site include nuclear fuel reprocessing, nuclear waste storage and nuclear decommissioning, and it is a former nuclear power generating licensed site covers an area of hectares and comprises more than nuclear facilities and more than 1.

The British pounds billion ($ billion) Thermal Oxide Reprocessing Plant (THORP) at Sellafield on the Cumbrian coast is designed to reprocess spent uranium by cleaning it up for re-use. Reprocessing saves having to bury or landfill the spent radioactive fuel, and produces plutonium, the fuel used in fast breeder reactors.

Since Thorp went on-line more than a quarter of a century ago, it has brought in more than £9billion to the UK from around the world by reprocessing 9, tons of fuel.

But the plant was designed to operate for 25 years and has now reached the end of its design life.Arts & Books Travel Money Health insurance while the Government conducted two rounds of public consultations over the economics of reprocessing, the need for Thorp, its impact on the.