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Private company making a bonanza from nuclear waste storage

Radioactive Gold Rush: Nuclear Waste Storage Is A Booming Business http://www.gizmodo.com.au/2014/01/radioactive-gold-rush-nuclear-waste-storage-is-a-booming-business/  

 Safely burying “low-level” nuclear material is now a $US30 billion industry in the U.S., driven in part by an increase in old, contaminated parts removed from the country’s rapidly ageing nuclear power plants and radiation-related medical waste. The New York Times‘ Matthew Wald calls one storage pit “America’s most valuable hole in the ground,” describing the process of digging, protecting, and filling This booming business is dominated by a single, two-year-old company in Texas —Waste Control Specialists — who even charge extra depending on radioactivity levels. Think of it as surge pricing for nuclear waste.

Here’s how WCS describes its facility in Andrews County, Texas, on its website:

Located within a 1,200-ft. thick nearly impermeable red-bed clay formation, the Waste Control Specialists (WCS) site ensures safe and permanent disposal of radioactive waste by combining this unique natural barrier with a custom designed and engineered, 7-ft. thick, steel-reinforced concrete liner system… Offering the most robust facilities of their kind in the world, WCS is a long-term solution for the nation’s commercial and public radioactive waste generators.

Is it really safe for nuclear waste disposal to be controlled by private industry? Critics are divided. Some claim that these companies are using techniques lightyears beyond the government’s dated waste storage sites. Others argue that letting private interests dictate the location and security of potentially deadly materials is incredibly troubling. Right now, it’s the best option we have. [The New York Times]

money-in-nuclear--wastes

January 24, 2014 - Posted by | wastes

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