May 26, 2022 – Moltex Energy Canada Inc. and SNC-Lavalin Group are partnering to advance nuclear energy, with SNC-Lavalin supporting the development and deployment of Moltex’s nuclear technologies.

“Canada and the world will need to explore all nuclear technology options to meet net zero commitments,” said Joe St. Julian, president, SNC-Lavalin–Nuclear. “Moltex’s unique Gen IV molten salt design can not only help achieve net zero carbon, but it can also help to reduce nuclear waste.”

St. Julian added the company is pleased to support Moltex as it pursues a project to license and construct “the first-of-a-kind waste-burning reactor in New Brunswick.

“SNC-Lavalin’s partnership with Moltex is a resounding endorsement of our nuclear technologies,” said Rory O’Sullivan, CEO, North America, Moltex Energy. “SNC-Lavalin has an impeccable record of delivering projects on time and on budget, and will be an invaluable partner as we progress the development of our technologies and grow our business.”

“This agreement contributes not only to the growth of long-term, high-quality jobs in New Brunswick’s energy sector, it also recognizes the leadership role of both Moltex and the province in advancing the next generation of nuclear technology,” said Mike Holland, New Brunswick Minister of Natural Resources and Energy Development.

Moltex’s nuclear technologies include: a stable salt reactor-wasteburner (SSR-W), which uses recycled nuclear waste as fuel; a waste-to-stable-salt (WATSS) process for recycling nuclear waste; and GridReserve thermal energy storage tanks that allow the reactor to complement intermittent renewables.