Word: ponts
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America has become inured to colossal business mergers in the last two years. Weddings like those of Occidental Petroleum and Cities Service, United States Steel and Marathon Oil, and the record-setting $7.5 billion union of Du Pont and Conoco have sometimes been shotgun affairs, sometimes harmonious ones. Throughout, the national press has doled out coverage indiscriminately in its continual search for bigness...
...Pont operates Savannah River, near Aiken, S.C., on a non-profit basis for the government. Built by the chemicals giant in 1950 at the behest of the DOE's ancestor, the Atomic Energy Commission, the plant produces plutonium and tritium for nuclear weapons production. Harvard owns almost $5 million of Du Pont stock...
...Pont technicians also conduct research at Savannah River on various parts of the nuclear fuel cycle and manage the only two facilities in the country which can reprocess plutonium and uranium from nuclear waste produced by the defense program...
Researchers at Savannah River and Sandia also conduct extensive work for non-military purposes. Sandia, for example, oversees a large solar energy program, and its nuclear programs have civilian as well as defense applications, says Rod Geer, a spokesman for the labs. Du Pont uses nuclear materials at Savannah River for testing cancer therapy...
Shultz also has been moving to assure strong backing at home for Reagan's initiative. While it was being drafted, he consulted interested parties ranging from former Du Pont Chairman Irving Shapiro to AFL-CIO President Lane Kirkland. Shultz continued the effort last week, calling in both Jewish-American and Arab-American leaders...