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THURSDAY, JANUARY 01, 2009 Thorium Reactor for Finland? FOR IMMEDIATE RELEASE : Thorium for Finland's 6th reactor ? Memo on thorium Molten Salt Reactor filed with the Finnish Government On Dec31th 2008 a group of three Nordic companies submitted a memo to the Finnish Ministry of Employment and The Economy on the subject of Finland's 6th nuclear reactor. PowerThe Home Oy, based in Helsinki, Thorium ElectroNuclear AB in Stockholm, and Achieveperformance AS in Oslo propose to build a Molten Salt Reactor (MSR) running on fluid thorium fuel. "The memo aims to inform Finnish decison makers on the uniquely superior properties of MSR technology for future production and distribution of energy " says Dr Mika Karilahti, chairman of PowerTheHome Oy. "MSR systems are not common knowledge in the industry community. R&D have not been promoted for the last 20 years" says Elling Disen, founder of Thorium ElectroNuclear AB. Nuclear energy is currently experiencing a revival. Nuclear reactors are evaluated on the performance on five key parameters : waste, safeguards, economy, fuel efficiency and sustainability. "Thorium MSR technology vastly outperforms anything else" Elling Disen says. Stakeholders should particulary appreciate the fact that spent nuclear fuel in temporary storage would be incinerated in the MSR. In particular, waste reuse removes the unsolved issue of copper corrosion from planned geological storage. A closed fuel cycle, true energy independence in the long term, minimal environmental footprint and low cost are also very desirable properties. Nordic collaboration Elling Disen says that a Nordic collaboration adds to the favorable prospect of MSR solutions. "Norway has 2 million tons of Thorium, enough to power the Nordic region for thousand of years." Building a 1500 MW MSR plant would probably take 5-8 years and cost 1.8 billion €. The memo should not be confused for a full formal bid for Finland's 6th reactor. Filing of this memo was discussed with Mr Riku Huttunen with the Finnish Ministry of Employment and The Economy. 2009-01-01 For further information, contact : Mika Karilahti, chairman PowerTheHome Oy PowerTheHome Oy provides local energy solutions. +358 (0)40 5487656,
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Elling Disen, founder Thorium ElectroNuclear AB Thorium ElectroNuclear AB has exclusive IP rights for thorium MSR technology. + 46 (0)70 8968715,
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Hans Henrik Holven, chairman Achieveperformance AS Achieveperformance AS delivers digital pen and document systems. + 47 93448132,
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