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British Nuclear Fuels Limited [BNFL]

BNFL provides fuel manufacture and uranium procurement, as well as recycling used fuel, transporting radioactive materials, engineering, waste management and decommissioning. The integrated BNFL employs approximately 15,000 people plus 2,500 contractors at 17 sites across the UK. As a public limited company, BNFL operates in much the same way as any other international commercial organisation. The company is wholly self-financing, funding all of its investment programmes from its own cashflow and receives no monetary support from the Government. BNFL provides comprehensive nuclear fuel recycling services to UK and overseas electric power utilities. Since 1964, the Magnox Reprocessing Plant at Sellafield has been reprocessing used nuclear fuel from the first generation nuclear power stations. The Thermal Oxide Reprocessing Plant (Thorp) plant commenced operations in 1994 The enrichment business is undertaken by Urenco Limited, a company with its headquarters in Marlow, Buckinghamshire, which is jointly owned by BNFL with Dutch and German partners. Urenco operates three enrichment sites in Europe: Capenhurst, near Chester, in the UK; Almelo in the Netherlands and Gronau in Germany. In June 1998 BNFL, in partnership with US company Morrison Knudsen Corporation (MK), concluded an agreement with CBS Corporation for the purchase of its Westinghouse global nuclear businesses. The Westinghouse nuclear portfolio comprises two businesses - Energy Systems (ESBU) and Government Services (GESCO). The combined turnover of the two divisions is $1.1 billion and together they employ over 21,000 people at some 30 US and 12 overseas locations.

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