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Bill Gates-Backed TerraPower Picks South Philadelphia for $450 Million Medical Isotope Facility

The $450 million facility will create over 225 full-time jobs and produce Actinium-225 to enhance cancer imaging and treatment access globally, officials said.

City officials say the project by TerraPower Isotopes marks a major step in transforming the former refinery land, which many residents still associate with the 2019 explosion and fire that shook surrounding neighborhoods.

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NBC Philadelphia broke the news in Philadelphia, United States on Tuesday, March 17, 2026.
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