Hyundai Engineering Signs Purchase Contract for Canada MMR Demonstration Project
On the 26th (local time), at the USNC office in Ottawa, Canada, Hyundai Engineering CEO Hong Hyun-seong (right in the photo) and USNC CEO Francesco Venneri (left in the photo) signed the purchase agreement for the 'Canada Chalk River MMR Demonstration Project' and took a commemorative photo. (Provided by Hyundai Engineering)
View original image[Asia Economy Reporter Kim Hyemin] Hyundai Engineering announced on the 28th that it signed an equipment purchase contract with USNC in the United States on the 26th (local time) for the 'Canada Chalk River Micro Modular Reactor (MMR) Demonstration Project.'
Through this contract, Hyundai Engineering will supply power generation equipment, cooling systems, and radiation equipment for plant construction. Following the detailed design contract signed in June, Hyundai Engineering has now secured both the EP (Engineering and Procurement) contracts with this purchase agreement. Recently, the investment payment related to the acquisition of USNC shares has also been completed.
This project is the most advanced among the 4th generation reactors in terms of commercialization. The goal is to complete construction and commence commercial operation by 2026.
Following the 4th generation MMR project, Hyundai Engineering plans to develop a 'High-Power Multipurpose Modular Reactor.' To this end, on the 24th, it signed a mutual cooperation agreement with USNC for technology development. The High-Power Multipurpose Modular Reactor is a technology that enhances output and thermal energy compared to the existing MMR to expand hydrogen production.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "Was This Delicious Treat Enjoyed Only by Koreans?"... The K-Dessert Captivating Japan
- Despite Captivating the Nation for Over a Month... "Timmy" the Whale Ultimately Found Dead
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
A Hyundai Engineering official said, "Since starting technology development cooperation with USNC on high-temperature gas reactors in 2012, after 10 years of technical research and collaboration, the 4th generation MMR project has finally borne fruit," adding, "We will mobilize all our capabilities to lead technology development and project promotion related to MMR."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
