- Thor Corporation owns Thor Energy and also has shares in businesses related to thorium fuel, thorium mining and separation of rare earth elements. Fen Minerals holds the mining rights to the Fen deposits in South Norway, which are rich in thorium and rare earth elements.
- The company has completed a 2-year thorium fuel cycle feasibility study which concludes that thorium-based nuclear fuel has several advantages over uranium-based fuel
- Thor’s chief technology officer Julian Kelly explained Thor Energy will deploy a mix of solid thorium mixed with plutonium – a blend known as “thorium MOX”.
- Westinghouse is helping to fund the project,
- Westinghouse is also known to be the commercial adviser on the U.S. Department of Energy’s collaboration with China on developing a molten-salt cooled reactor. [comment: WTF?]
Good news and Bad News. The Good News is that Thorium is getting its due. The Bad News is that molten salt reactor technology isn't.
The thinking is best captured by a comment. There's no money in making machined fuel rods because there ain't any in a molten salt reactor.
You'd think that'd be the entire point. But noooooo.
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