ConverDyn
ConverDyn is a private 50/50 partnership between General Atomics and Honeywell that markets uranium hexafluoride (UF6) conversion services from the only U.S. commercial conversion facility to nuclear utilities and advanced reactor developers worldwide under long-term contracts.
- Company typePrivate
- Founded1992
- HeadquartersGreenwood Village, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What ConverDyn does
ConverDyn is a private 50/50 partnership between General Atomics and Honeywell, formed in 1992 and headquartered in Greenwood Village, Colorado. The company operates as the sole marketing and sales agent for uranium hexafluoride (UF6) produced at Honeywell's Metropolis Works facility in Metropolis, Illinois — the only commercial UF6 conversion facility in the United States and approximately 25% of installed global conversion capacity (14,000 mtU sustainable / 17,600 mtU nameplate).
The core technology is Honeywell's Dry Fluoride Volatility Conversion Process, a fully integrated, continuous 5-stage chemical process (Sizing, Reduction, Hydrofluorination, Fluorination, Distillation) that converts uranium ore concentrates (U3O8 / yellowcake) into 99.99% purity UF6 in a single facility. This contrasts with competitors' two-step wet/dry processes requiring separate plants and intermediate transport. The Metropolis Works site has been in continuous operation since 1958 (with rehabilitation in 1967 and post-Fukushima seismic upgrades in 2012–2013), and holds a U.S. NRC license extended to 2060.
Commercially, ConverDyn sells toll conversion services directly to nuclear utilities worldwide under confidential multi-year contracts. The company coordinates the end-to-end conversion workflow — U3O8 weighing and ASTM-compliant auger sampling, conversion, UF6 product delivery to enrichment facilities, cylinder recertification, and shipping scheduling. Revenue is generated through negotiated per-unit conversion fees on long-term contracts, with a disclosed backlog exceeding $2 billion. Customers include domestic and international nuclear utilities (North America, Europe, Asia) and, more recently, advanced reactor developers such as Hadron Energy (April 2026 agreement). Marketing is executed through direct enterprise sales, customer conferences, MTS customer visits, industry association participation (American Nuclear Association, World Nuclear Association, Nuclear Energy Institute, IAEA), and educational content on the nuclear fuel cycle.
ConverDyn firmographics
Firmographics- Name
- ConverDyn
- Legal name
- ConverDyn
- Website
- https://converdyn.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ConverDyn is a private 50/50 partnership between General Atomics and Honeywell that markets uranium hexafluoride (UF6) conversion services from the only U.S. commercial conversion facility to nuclear utilities and advanced reactor developers worldwide under long-term contracts.
- Ownership category
- akta.pro rank
ConverDyn industry classification
Industry- Product category
- Uranium Conversion Services
- NAICS
- Other Basic Inorganic Chemical Manufacturing (325180), Chemical Manufacturing (325)
- SIC
- Chemicals & Allied Products (2800), Industrial Inorganic Chemicals (2810)
- akta.pro primary industry
- Uranium Refining & Conversion (U3O8 to UF6/UO2) (EUAKACAC)
- akta.pro secondary industries
- Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication) (EUACADAK), Fuel Cycle Support Services (Engineering, licensing support, conversion/enrichment contracting) (EUAKACAL)
Keywords
Where ConverDyn is headquartered
LocationHeadquarters
- HQ city
- Greenwood Village
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
ConverDyn business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Others
Revenue model
- Uranium Hexafluoride Conversion Services: Conversion of uranium ore concentrates (U3O8/yellowcake) into high-purity uranium hexafluoride (UF6) for nuclear fuel production. The company provides toll conversion services where customers deliver uranium concentrates for processing into UF6 at the Metropolis Works facility. Revenue is generated through conversion fees under long-term utility contracts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Long-term utility contracts |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
ConverDyn product offering
Product offeringCore offering
ConverDyn provides uranium hexafluoride (UF6) conversion services for the global nuclear industry. Acting as the sole marketing agent for UF6 produced at Honeywell's Metropolis Works (Solstice) facility in Illinois, the company converts uranium ore concentrates (U3O8/yellowcake) into 99.99% pure UF6 using the fully integrated Honeywell Dry Fluoride Volatility Conversion Process. Services include conversion, U3O8 weighing and sampling per ASTM standards, and customer support from order to delivery, under long-term utility contracts.
Product overview
ConverDyn operates as a single unified service offering centered on uranium hexafluoride (UF6) conversion. The company provides end-to-end uranium conversion services, transforming uranium ore concentrates (U3O8) into high-purity UF6 using the Honeywell Dry Fluoride Volatility Conversion Process at the Metropolis Works facility in Illinois. Key services include uranium conversion, U3O8 concentrate weighing and sampling, and customer support. ConverDyn is the sole marketing agent for UF6 produced at the only UF6 conversion facility in the United States, serving nuclear utilities worldwide through a strategic partnership between General Atomics and Honeywell.
Differentiator
Problem solved
Functional benefit
Products and services
- Uranium Hexafluoride (UF6) High-purity (99.99%) uranium hexafluoride produced at the Honeywell Metropolis Works facility using the Dry Fluoride Volatility Conversion Process; the essential feedstock for uranium enrichment and nuclear fuel fabrication, supplied to nuclear utilities worldwide.
- Uranium Conversion Services Toll conversion of uranium ore concentrates (U3O8/yellowcake) into uranium hexafluoride (UF6) via a 5-stage Honeywell Dry Fluoride Volatility Conversion Process (Sizing, Reduction, Hydrofluorination, Fluorination, Distillation), including auxiliary waste treatment and sodium removal, delivered to nuclear utilities under long-term contracts.
- U3O8 Concentrate Weighing and Sampling Quality-control service for uranium concentrate deliveries: accurate drum weighing, auger-based representative sampling, and sample preparation (splitting, blending, grinding, drying) conforming to ASTM standards to verify concentrate purity and ensure compatibility with the downstream conversion process.
Quantifiable outcome
- 20% increase in production capacity planned for 2026
- +3 more outcomes
Companies that use ConverDyn
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
ConverDyn technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ConverDyn partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Hadron EnergycoreHadron Energy signed a Uranium Conversion Services Agreement with ConverDyn to secure domestic nuclear fuel supply for its Halo micro-modular reactor. ConverDyn provides high-purity uranium hexafluoride from its Metropolis Works facility in Illinois, establishing a fully domestic nuclear fuel supply pathway that reduces geopolitical supply chain risk and builds regulatory credibility for Hadron's reactor commercialization.
- GigCapital7 Corp.minorHadron Energy, a ConverDyn customer, is pursuing a public listing through a business combination with GigCapital7 Corp. at a pro-forma equity valuation of approximately $600 million, expected to result in a Nasdaq listing under ticker 'HDRN'. This SPAC merger supports Hadron's commercialization roadmap that includes ConverDyn's uranium conversion services.
- General AtomicscoreConverDyn operates as a 50/50 strategic partnership between General Atomics and Honeywell. General Atomics is a leading U.S. high-technology company engaged in diversified research and development in energy, defense, aeronautical, instrumentation and other advanced technologies.
- Honeywell InternationalcoreConverDyn operates as a 50/50 strategic partnership between Honeywell and General Atomics. Honeywell is a Fortune 100 company with broad and diverse businesses in aerospace, transportation and power systems, automation and control solutions, and specialty materials. Honeywell owns and operates the Metropolis Works facility through its Specialty Materials division.
Scale indicators6 records
Recent moves8 records
Expansion highlights3 records
ConverDyn competitors and assessment
Company assessmentBroad incumbents
- General Atomics: U.S. high-technology company and the other 50/50 parent of ConverDyn. While not a direct converter, it is structurally embedded as a strategic partner and comparable nuclear-fuel-cycle adjacent enterprise.
- Honeywell International: Fortune 100 parent of ConverDyn's 50/50 partnership and owner-operator of the Metropolis Works facility. Directly comparable as the underlying producer and partner that defines ConverDyn's operations.
- Westinghouse Electric Company: Major U.S. nuclear fuel fabrication and reactor services provider that sits directly downstream of ConverDyn in the fuel cycle. Overlapping customer base (utilities) and complementary role to ConverDyn in the nuclear fuel supply chain.
- CNNC (China National Nuclear Corporation): Chinese state-owned nuclear conglomerate with domestic UF6 conversion capacity and full fuel cycle integration. A broad incumbent in global nuclear fuel markets that affects ConverDyn's competitive dynamics in Asia.
Emerging players
- Kazatomprom: World's largest uranium miner with growing downstream ambitions. While primarily a uranium producer rather than a converter, Kazatomprom is an emerging nuclear fuel cycle player whose vertical integration could increasingly compete with ConverDyn over time.
Direct peers
- Urenco: European enrichment services provider that also operates conversion activities as part of integrated nuclear fuel cycle offerings. Comparable to ConverDyn as a tier-one Western nuclear fuel cycle supplier serving utility customers.
- Orano: French nuclear fuel cycle operator running the Philippe Coste uranium conversion plant in Tricastin, France. Orano is one of ConverDyn's primary direct competitors in Western UF6 conversion services and competes for the same utility customers.
- Cameco: Canadian uranium producer and nuclear fuel supplier operating the Port Hope UF6 conversion facility. Cameco is the other major Western UF6 converter and competes head-to-head with ConverDyn for long-term utility conversion contracts.
- TENEX (Rosatom): Russian state-owned uranium converter and nuclear fuel supplier through Rosatom. Historically a major global UF6 conversion source and a direct competitor to ConverDyn, though geopolitical sanctions are shifting share toward ConverDyn.
Others
- BWX Technologies (BWXT): U.S. nuclear components and fuel manufacturer serving naval, government, and commercial markets. Adjacent to ConverDyn in the broader U.S. nuclear industrial base and a potential partner/competitor in advanced reactor fuel supply chains.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
ConverDyn social profiles
Digital presenceConverDyn financial estimates
Financial estimateRevenue estimate
Valuation estimate
ConverDyn leadership team
Management profileNumber of profiles
ConverDyn funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ConverDyn M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ConverDyn
What does ConverDyn do?
ConverDyn provides uranium hexafluoride (UF6) conversion services for the global nuclear industry. Acting as the sole marketing agent for UF6 produced at Honeywell's Metropolis Works (Solstice) facility in Illinois, the company converts uranium ore concentrates (U3O8/yellowcake) into 99.99% pure UF6 using the fully integrated Honeywell Dry Fluoride Volatility Conversion Process. Services include conversion, U3O8 weighing and sampling per ASTM standards, and customer support from order to delivery, under long-term utility contracts.
Is ConverDyn a public or private company?
ConverDyn is a private company. It is classified as corporate owned and is currently operating.
When was ConverDyn founded?
ConverDyn was founded in 1992. It employs 11 to 50 people.
Where is ConverDyn based?
ConverDyn is headquartered in Greenwood Village, United States, in the North America region.
How does ConverDyn make money?
One revenue line is on record: uranium Hexafluoride Conversion Services.
Who are ConverDyn's main competitors?
Broad incumbents on record are General Atomics, Honeywell International, Westinghouse Electric Company and CNNC (China National Nuclear Corporation). Kazatomprom is listed as an emerging player. Direct peers are Urenco, Orano, Cameco and TENEX (Rosatom). BWX Technologies (BWXT) is listed as an others.
Does ConverDyn have an API?
No public API is recorded for ConverDyn.
What industry is ConverDyn in?
ConverDyn's product category is Uranium Conversion Services. Its primary akta.pro industry code is EUAKACAC, Uranium Refining & Conversion (U3O8 to UF6/UO2), with a secondary code of EUACADAK, Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication). Its NAICS code is 325180 and its SIC code is 2800.