Daechang Solution, First Material Company Registered as Qualified Supplier by KHNP... "Export Path Opens for Nuclear Waste Storage Containers"

[Asia Economy Reporter Yoo Hyun-seok] Daechang Solution announced on the 16th that as the first materials company to be registered as a qualified supplier for Korea Hydro & Nuclear Power (KHNP), its nuclear waste container business is expected to get on track.

Since 2018, Daechang Solution has secured technology for nuclear waste storage containers (RWC) using the cast steel method through large-scale projects. In particular, this registration is evaluated as having established a foothold to enter not only the domestic nuclear power plant dismantling market but also overseas markets where KHNP is active.

A Daechang Solution official said, “The cast steel type nuclear waste storage container is evaluated to be superior to existing containers in terms of storage space efficiency, long-distance transport capability, and radiation shielding ability,” adding, “We expect remarkable growth in the nuclear waste storage container sector through this qualified supplier registration with Korea Hydro & Nuclear Power.”

Meanwhile, since the Great East Japan Earthquake in Fukushima in 2011, denuclearization policies have accelerated mainly in advanced countries. According to Bates White, a private economic advisory firm in the United States, the global nuclear decommissioning market is estimated to be about 550 trillion won over the next 50 years. The Ministry of Trade, Industry and Energy forecasts the domestic market size to be 22.5 trillion won. Among this, the market size related to nuclear waste storage containers is also expected to exceed 900 billion won.

This content was produced with the assistance of AI translation services.