The thorium fuel cycle in water-moderated reactor systems

Current interest in the thorium cycle, as an alternative to the uranium cycle, for water-moderated reactors is based on two attractive aspects of its use - the extension of uranium resources, and the related lower sensitivity of energy costs to uranium price. While most of the scientific basis required is already available, some engineering demonstrations are needed to provide better economic data for rational decisions. Thorium and uranium cycles are compared with regard to reactor characteristics and technology, fuel-cycle technology, economic parameters, fuel-cycle costs, and system characteristics. There appear to be no major feasibility problems associated with the use of thorium, although development is required in the areas of fuel testing and fuel management. The use of thorium cycles implies recycling the fuel, and the major uncertainties are in the associated costs. Experience in the design and operation of fuel reprocessing and active-fabrication facilities is required to estimate costs to the accuracy needed for adequately defining the range of conditions economically favourable to thorium cycles. In heavy-water reactors (HWRs) thorium cycles having uranium requirements at equilibrium ranging from zero to a quarter of those for the natural-uranium once-through cycle appear feasible. An ''inventory'' of uranium of between 1 and 2Mg/MW(e) is required for the transition to equilibrium. The cycles with the lowest uranium requirements compete with the others only at high uranium prices. Using thorium in light-water reactors, uranium requirements can be reduced by a factor of between two and three from the once-through uranium cycle. The light-water breeder reactor, promising zero uranium requirements at equilibrium, is being developed. Larger uranium inventories are required than for the HWRs. The lead time, from a decision to use thorium to significant impact on uranium utilization (compared to uranium cycle, recycling plutonium), is some two decades. (author)