REGULATORY · COMPETITIVE · MALAYSIA
Malaysia renews Lynas license with waste deadline
Change
Malaysia renewed Lynas Rare Earths’ operating license for 10 years and required it to stop producing radioactive waste by 2031.
Why it matters
The renewed license runs until March 3, 2036. Lynas must stop producing radioactive waste by 2031. Any radioactive waste generated within the next five years must be treated and neutralized, including by extracting thorium or other methods. Malaysia will not allow a new permanent disposal facility. The license will be reviewed after five years and can be revoked if conditions are violated.
Implications
- • Radioactive waste generated over the next five years must be treated and neutralized under the license conditions.
- • No new permanent radioactive-waste disposal facility is allowed for the plant.
- • The license is subject to a five-year review and can be revoked for noncompliance.
Who is affected
- • Rare-earth refinery operators
- • Environmental compliance and waste-management teams
- • Industrial licensing regulators
Source
Topics
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