This publication aims to outline credible technical options for managing separated plutonium. There is no attempt to rank or rate any of the options, instead the intent is to inform the reader of the technical merits of the various options and the state of their development. It is primarily focused on Member States that have adopted a closed fuel cycle policy but can also be of value to other Member States, specifically their decision makers and other stakeholders involved in potential future nuclear fuel cycles, by informing them on life cycle options and energy policy.