Urenco USA Plans Major Expansion of Uranium Enrichment Facility

Dow Jones06-02 20:38

By Anthony Harrup

European nuclear fuel company Urenco plans to increase its U.S. uranium enrichment capacity by almost half in a multi-billion dollar expansion of its facility in New Mexico.

Urenco USA said Tuesday that it will build a new plant at its enrichment facility in Eunice, N.M., with the installation of 24 cascades of centrifuges. The first cascades are expected to start production in 2032 and others to be added through 2036.

Uranium is the primary fuel used in nuclear reactors, but it needs to be enriched by converting it into a gas and spinning it at high speeds in a centrifuge.

Urenco currently provides around 30% of the U.S.'s enriched uranium needs for commercial nuclear power plants. The expansion is a "commitment to strengthening the U.S. nuclear fuel supply chain as the country expands the use of nuclear power," the company said.

The New Mexico facility has annual capacity of 4.3 million separative work units, a measure of uranium enrichment known as SWU, and that's expected to exceed 7 million SWU over the next decade, Urenco said.

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

June 02, 2026 08:38 ET (12:38 GMT)

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The first cascades are expected to start production in 2032 and others to be added through 2036. \n\n\nUranium is the primary fuel used in nuclear reactors, but it needs to be enriched by converting it into a gas and spinning it at high speeds in a centrifuge. \n\n\n  Urenco currently provides around 30% of the U.S.'s enriched uranium needs for commercial nuclear power plants. 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