SNC-Lavalin to build first Canadian battery plant
SNC-Lavalin (TSX: SNC) has been awarded an initial works contract by EcoProBM, a global leader specializing in cathode materials, to design and build one of Canada's largest Cathode Active Material (CAM) plants in Bécancour, Québec. The initial works contract is worth approximately $141 million, and represents SNC-Lavalin's first major mandate in the electric vehicle (EV) battery market in Canada.
"With a unique endowment of critical minerals, an established manufacturing and industrial base, and a largely decarbonized and expanding power grid, Canada has an opportunity to establish an end-to-end supply chain that can support growing domestic and international EV demand, " commented Ian L. Edwards, President and Chief Executive Officer, SNC-Lavalin.
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.
For electric vehicles, CAM is a key battery component. It represents about 40 per cent of the cost of a battery cell.
EcoProBM, the global top high nickel cathode active material maker, has formed a joint venture with Ford Motor Co. and the world's leading cell maker SK On Co., to establish the $1.3 billion dollar CAM plant in the Bécancour Industrial Park, located between Quebec City and Montreal. Canada represents EcoProBM's second overseas factory. Production of the three lines is expected to begin in April 2026. This plant will have a production capacity of 45,000 tonnes per year.
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