The irradiated fuel can then be unloaded from the reactor, the U-233 separated from the thorium, and fed back into another reactor as part of a closed fuel cycle.

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Daniel Roderick, senior vice president of GE Hitachi Nuclear Energy, a joint venture between General Electric and Japan's Hitachi, told Bloomberg the company is looking to secure contracts to deliver reactor technology, nuclear services, and nuclear fuel cycle services to Saudi Arabia.

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