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SNC-Lavalin signs first Canadian battery plant mandate for $141 million, strengthening country's Electric Vehicle manufacturing capability
SNC-Lavalin signs first Canadian battery plant mandate for $141 million, strengthening country's ...
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[{"type":"text","content":"\n \n \n \n SNC-Lavalin signs first Canadian battery plant mandate for $141 million, strengthening country's Electric Vehicle manufacturing capability\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Aug. 17, 2023\n \n \n /CNW/ - SNC-Lavalin (TSX: SNC), a fully integrated professional services and project management company with offices around the world, has been awarded an initial works contract by EcoProBM, a global leader specializing in cathode materials, to design and build one of\n \n Canada's\n \n largest Cathode Active Material (CAM) plants in Bécancour, Québec. The initial works contract is worth approximately\n \n $141 million\n \n , and represents SNC-Lavalin's first major mandate in the electric vehicle (EV) battery market in\n \n Canada\n \n .\n \n \n \n \n \n \n \n \n \n \"With a unique endowment of critical minerals, an established manufacturing and industrial base, and a largely decarbonized and expanding power grid,\n \n Canada\n \n has an opportunity to establish an end-to-end supply chain that can support growing domestic and international EV demand,\" commented\n \n Ian L. Edwards\n \n , President and Chief Executive Officer, SNC-Lavalin. \"SNC-Lavalin is strongly positioned to support governments and manufacturers and deliver on the diverse pipeline of opportunities arising from the EV revolution, both in\n \n Canada\n \n and around the world, with our unique end-to-end capabilities that span across industries like\n \n mining\n \n ,\n \n industrial & manufacturing\n \n , and\n \n clean power\n \n , all of which support the battery and EV markets.\"\n \n \n SNC-Lavalin's Engineering Services groups will provide EcoProBM with initial concept design, basic design, and project management and delivery related to the establishment of the plant.\n \n \n \n Cathode Active Material & EcoProBM's Plant\n \n \n \n For electric vehicles, CAM is a key battery component. It represents about 40 per cent of the cost of a battery cell.\n \n \n EcoProBM, the global top high nic...