Thorium Fuel Cycle - Advantages that Unleashed Opportunities2020-02-19
Thorium fuel cycle has led to the emergence of potent opportunities in the field of energy and power. It's latest innovation as a source of energy is turning heads, and all in a good way. Before we study the prospect of thorium and it's applications, I should underscore the factors that have led to the rising adoption of thorium fuel cycle. Well, the product, thorium, is abundantly available in nature. This means cost-efficiency. And, in today's economy, cost-efficiency holds a major place in decision making. Also, thorium is proven to facilitate production of uranium. Now, uranium is highly in demand for running nuclear reactors. With the world moving towards dependency on nuclear power, it can be rightly said that thorium fuel cycle has unleashed major growth opportunities. Advantages of Thorium Fuel Cycle As we have already discussed, the abundance of the product is a major advantage that is being capitalized on by the market players. In addition to that, the product has become more popular than the uranium fuel cycle. In addition to abundance, the low cost of the fuel cycle also plays a role in outperforming Uranium fuel cycle. Thorium fuel cycle is also gaining popularity due to the rising awareness about its superior nuclear properties. The product aligns itself with the goals of the Non-Proliferation Treaty. The product exhibits better resistance to nuclear weapons proliferation, when used in a conventional light water reactor. Well, clearly, the product is expected to be preferred over Uranium fuel cycle in the coming years. Thorium fuel cycle exhibits characteristics such as higher melting point, better chemical stability, and higher thermal conductivity. It offers a lot of advantages over uranium. In fact, it doesn't even further oxidize, unlike uranium. Thus, with more investments in nuclear power and energy, the product is projected to witness proliferating applications over the next couple of years. And, given that, it has been proved that the product enhances the performance of reactors due to favorable properties, the market for the product is prognosticated to observe an upswing in terms of revenue generation. Drawbacks Thorium Fuel cycle, however, comes with certain disadvantages too. The key drawback of using thorium fuel cycle is that it lacks fissile material. Plutonium is one of the elements that can be added to the product to inculcate fissile property. Also, the product doesn't exhibit chemical resistance in molten salt reactors.