Worley (ASX:WOR) has been awarded an engineering, procurement, and construction management (EPCM) services contract from Umicore for the latter’s battery materials manufacturing plant in Ontario, Canada.
The $9.1 billion market capitalisation company says the contract was awarded from Umicore’s business unit, Rechargeable Battery Materials Canada.
Worley reports the contract represents the company’s ‘strength’ in delivering large-scale projects.
Under the contract, Worley will provide EPCM through its offices in Canada, with support from teams in Latin America and Global Integrated Delivery (GID) in India.
Umicore’s plant will produce both cathode active materials and its precursor materials (pCAM), which are key components in rechargeable batteries for electric vehicles (EVs).
This plant is expected to be the first of its kind in North America and will play an ‘important’ role in building an end-to-end EV supply chain. It is believed by 2030 the plant will produce battery materials supporting about 1 million EVs per annum.
Worley Chief Executive Officer (CEO) Chris Ashton says the contract is consistent with its focus on delivering a ‘more sustainable world’.
“We are pleased to be working with Umicore on this project, where we are delivering services supporting the battery materials manufacturing plant, consistent with our purpose of delivering a more sustainable world.”
Worley is scheduled to exhibit at the upcoming International Mining and Resources Conference (IMARC) held in Sydney from 31 October to 2 November 2023. Mining.com.au is an official partner of IMARC, which will showcase 500-plus mining leaders and resource experts throughout 7 concurrent conferences.
Worley is headquartered in Australia and provides professional project and asset services in the energy, chemicals, and resources sectors.
As a knowledge-based service provider, the company uses its knowledge and capabilities to support its customers and reduce their emissions to move towards a low-carbon future.
Write to Adam Drought at Mining.com.au
Images: Worley
