9. To propose, as some have done, that most of the uranium resource value in existing spent fuel could be used is in the realm of economic mythology, like the too cheap to meter slogan of the 1950s. Reprocessing plus breeder reactors are much more expensive than light water reactors today, which in turn cost more than wind-generated electricity. To use most of the uranium resource, breeder reactors would have to move to the center of U.S. electricity generation. It cannot be done using light water reactors. Even a single penny in excess generation cost per kilowatt-hour in a breeder reactor-reprocessing system would lead to an added $8 trillion in costs if essentially all the uranium, including the uranium-238, and the plutonium in the 100,000 metric tons of spent fuel that existing U.S. reactors have generated or will generate during their licensed lifetimes is to be used as fuel. At present, the economic hurdle is far greater than a penny per kWh. Further, it would take hundreds of years to accomplish the task, involving the separation of tens of thousands of nuclear bombs worth of fissile material every year. The inspection, verification, and materials accounting problems of the adoption of the approach globally would present problems that are far greater than any concerns to date, which have been significant. It will also require storage of a significant part of the spent fuel for very long periods likely in the hundreds of years. On-site storage is the most secure management option available today. But extending on-site storage to hundreds of years will create its own economic and security concerns. This is the principal reason that direct deep geologic disposal of spent fuel should be developed.
10. No reprocessing program can obviate the need for a deep geologic repository. Even complete fissioning of all actinides an unrealistic proposition will leave behind large amounts of very long-lived fission and activation products like iodine-129, cesium-135, and chlorine-36 that will pose risks far into the future much beyond the 24,100-year half- life of plutonium-239.
THE MYTHOLOGY AND MESSY REALITY OF NUCLEAR FUEL REPROCESSING
Arjun Makhijani, Ph.D. April 8, 2010
More details Chapter G, pg 37-42
http://www.ieer.org/reports/reprocessing2010.pdf