Speaking at a media briefing June 6, Jacques Besnainou, chief executive officer of North American operations for AREVA Inc., said that the French-owned nuclear company hopes to begin preparations by 2015 to build a nuclear recycling facility in the United States. He said that the $20 to $30 billion needed to build such a large-scale reprocessing operation could come from the Nuclear Waste Fund that was intended to finance construction of a nuclear waste site at Yucca Mountain and suggested the creation of a quasi-governmental entity to oversee the operations.