Swedish nuclear waste company Studsvik announced Monday a joint venture with Japan’s Kobe Steel, in which the companies will deliver waste management design, engineering, and implementation services for Japanese nuclear sites.
The announcement says the venture will combine Studsvik’s design and engineering experience, particularly its THOR radioactive waste treatment technology, with Kobe’s industrial and delivery capabilities in Japan. Most recently Kobe built and implemented a new waste incinerator at Fukushima Daiichi. The two companies have worked together previously in Japan.
“Studsvik is motivated by the prospects for growth in the Japanese nuclear waste management market, and we are delighted to be able to strengthen our long-standing relationship with Kobe Steel through this joint venture to enhance Studsvik’s delivery of its experience and technology to the Japanese market,” Studsvik CEO Michael Mononen said in a statement. “Our joint venture represents a clear demonstration of Studsvik’s strategy to grow profitably in areas where we are technical leaders, and we look forward to realizing a number of exciting opportunities for Studsvik and our partner Kobe Steel.”