USEC Applauds $150 Million Funding Request for American Centrifuge in President’s FY 2013 Budget
Strong Sign of Support for FY 2013 Highlights the Need to Complete FY 2012 Funding
February 13, 2012 02:05 PM Eastern Time
BETHESDA, Md.--(EON: Enhanced Online News)--USEC Inc. (NYSE: USU) President and CEO John Welch today praised the inclusion of $150 million in President Obama’s fiscal year 2013 budget proposal for a cooperative research, development and demonstration (RD&D) program to support the American Centrifuge Project, the next-generation U.S. uranium enrichment technology.
“We will continue to work with Congress and the Department of Energy to find funding for the RD&D program for the remainder of FY 2012”
The RD&D program will support building, installing and operating a 120-machine cascade and related support systems that will be replicated in 96 identical cascades in a full commercial plant in Piketon, Ohio. The program will support 2,000 jobs across the country, especially in Ohio, Pennsylvania, West Virginia, Alabama, Tennessee, Michigan and Indiana. It will also preserve the U.S. government’s ability to produce enriched uranium to support U.S. national security needs.
Note: The cascades are made from Hexcel Carbon Fiber.
cascades mean a group of centrifuges. Hexcel’s materials help the performance goals to be achieved. The specific strength of our HexTow® IM7 carbon fiber allows centrifuges to spin at high speeds while withstanding the extreme forces generated by high speed rotation. HexTow® carbon fiber is lighter and stronger than the steel and aluminum used in centrifuges a generation ago. The unique chemistry of our HexPly® F584 resin system resists attack from the harsh uranium hexafluoride gas environment, extending the life and performance of the tubes. The uniformity of carbon fiber and prepregs produced by Hexcel ensures that the tubes are balanced, which is a critical requirement for a high speed rotating object like the centrifuge tube.