RIGI NUCLEAR: Nano Energy presented a plan to produce nuclear fuel in the country

The project exceeds USD 230 million and is awaiting approval from the Ministry of Economy.

The Government of Javier Milei received an investment proposal that could mark a turning point for the Argentine nuclear industry. The American company Nano Energy presented to the Secretariat for Nuclear Affairs a project worth more than USD 230 million to complete the Dioxitek plant in Formosa, produce nuclear fuel and advance the production of uranium hexafluoride

, a key input for the nuclear cycle.

The initiative is already in the hands of the Ministry of Economy and, if it gets the green light, it could become the first project in the nuclear sector included in the Incentive Regime for Large Investments (RIGI). This would be a foreign capital investment in a strategic area, with the potential to supply the domestic market and open up new exports for Argentina

The project could feed Atucha I, Atucha II and Embalse.

The plan envisages the completion of the New Dioxitek Uranium Plant (NPU), a project located in Formosa whose completion was delayed for years. The project had started to be designed in 2006 and its construction began in 2014, but during the efforts of Mauricio Macri and Alberto Fernández it progressed slowly. According to current authorities, Alberto Fernández's administration left the work without funding despite the fact that it was scheduled to be completed in 2025.

, a key input for the nuclear cycle.

The agreement between Dioxitek and Nano Energy had been maturing since 2025, when both parties signed a memorandum to evaluate the capabilities of the state company and the local nuclear sector. This understanding was framed in the so-called “Agreement 123” of peaceful nuclear cooperation between the United States and Argentina, a regulated and transparent platform that enables joint work on

nuclear matters.

During Argentina Week, in New York, the formal presentation of the offer ended up taking shape. There, officials and industry leaders advanced the partnership scheme between the Secretariat for Nuclear Affairs, Dioxitek and the US firm. If the proposal succeeds, Nano would provide the capital to complete the plant and become associated with production, while the facility would remain the property

of the state company.

The “Argentina Week” event was fundamental to the closing of the proposal.

The investment includes two central milestones. The first is the completion, start-up and operation of the NPU-1 facility to produce uranium dioxide, an essential input to the nuclear cycle. The second aims to build and operate a complementary unit to convert this material into uranium hexafluoride, a strategic product for

enrichment processes. If

completed, the project would supply Atucha I, Atucha II and Embalse with local production, with an estimated capacity of 210 tons per year. At the same time, it would open the door to the international nuclear fuel market, in a context in which global demand remains sustained

RIGI NUCLEAR: Nano Energy presented a plan to produce nuclear fuel in the country

RIGI NUCLEAR: Nano Energy presented a plan to produce nuclear fuel in the country

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