EnergySolutions Announces Growth in International Disposal Business
Salt Lake City, Utah, – April 6, 2011 – EnergySolutions (NYSE: ES) has today taken a major step forward in the expansion of its international waste disposal business after it received regulatory approval for a new site in the United Kingdom. The Lillyhall site, which is owned by EnergySolution’s partner in the venture, Waste Recycling Group (WRG) and is close to the UK’s biggest nuclear facility at Sellafield, Cumbria, will receive and dispose of solid High Volume Very Low Level Waste (HV-VLLW).
“This partnership demonstrates that EnergySolutions is delivering on its stated strategy of providing in-country disposal solutions for its international customers”, said Val Christensen, President and CEO of EnergySolutions. “It adds to our growing presence in the overseas market and is another mark of our growth as a truly global company. My congratulations go to all those inside EnergySolutions whose hard work and dedication have gone into making this a reality.”
The site will be the first one in the UK to begin receiving HV-VLLW and represents a crucial upgrade in the country’s capacity to safely dispose of its legacy radioactive waste. The permit was granted by the UK’s Environment Agency and allows for the site to accept up to 26,000m³ of waste per year, up to a total lifetime limit of 582,000 m³.
Christensen added: “The skills and expertise that we have developed at facilities like Clive are now being applied abroad with great success. Through working with the best domestic partners, such as WRG in the UK, we are able to ensure viable national disposal routes for each country’s waste.”
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.
Statements in this news release contain forward-looking statements that involve risks and uncertainties including those related to future business opportunities and strategies. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly from the results discussed in the forward-looking statements. In addition, other risks are identified in the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. The Company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events.
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