ConverDyn is a general partnership between American multinational firms General Atomics and Honeywell that provides uranium hexafluoride (UF6) conversion and related services to utilities operating nuclear power plants in North America, Europe, and Asia. The company is the sole marketing agent of UF6 produced at the Honeywell Uranium Hexafluoride Processing Facility in Metropolis, Illinois.[2]
History
From 1970 to 1992, there were two operating uranium hexafluoride conversion facilities in the United States. These included Allied Signal's Metropolis Works Facility and General Atomics' Sequoyah Fuels Facility in Gore, Oklahoma. Facing low conversion prices and the implementation of the Megatons to Megawatts Program, both companies recognized the forthcoming struggles surrounding excess market supply of conversion services. In 1992, Allied Signal and General Atomics agreed to close the Gore, Oklahoma facility and take joint and equal ownership of profits from Allied Signal's plant in Metropolis, Illinois.[3] ConverDyn was formed as a general partnership between the two companies as the sole marketing organization of uranium hexafluoride produced at the Metropolis plant. As a result, any and all uranium hexafluoride produced at Metropolis Works is marketed and sold by ConverDyn.