It's small wonder why both India and China are aggressively developing thorium-based reactors, especially since thorium is far more available than uranium naturally.
And thorium is an unwanted byproduct of Rare Earth Metals refining, and one of the reason we were prevented mining them here. Since China at present has a stranglehold monopoly on supplying these critical metals, they likewise would love a thorium-to-energy solution.
“And unlike uranium-based reactors, a modern thorium reactor ... generates a very tiny fraction of the nuclear waste conventional reactors do.”
How is a thorium fission reactor significantly different from a uranium reactor in the generation of radioactive waste?
The company’s blurb mentions a big reduction in actinide production, but that’s not necessarily significant in terms of overall radioactive waste.
India has the largest reserves of Thorium in the world.
Second I think is Australia and third is the US / Canada.
US resources are concentrated now on the Idaho / Montana border and owned by... Thorium Energy, Inc.
I don’t understand why we can’t have this and / or the Hyperion reactor design. Like so many things, something too good to be true usually is.
There was a long term Thorium reactor project at Oak Ridge but since it didn’t produce weapons grade material it was scrapped. I think the Peanut farmer got it the same time he killed the breeder reactors.