Magnis Energy Technologies Ltd (ASX:MNS, OTCQX:MNSEF) has awarded Worley Group Inc. a services contract to provide pre-Front-End Engineering & Design (FEED) and project permitting services for its planned commercial-scale Anode Active Materials (AAM) project in the US.
The company is developing the AAM facility and in conjunction with battery technology partner C4V LLC has produced high-performance anode active materials for lithium-ion batteries utilising high-purity graphite concentrate feedstock from its Nachu Graphite Project in Tanzania.
Magnis aims to support and accelerate the mass adoption of electric mobility and renewable energy storage critical for the green energy transition.
Continued appointments
The Worley Group appointment comes after Magnis recently appointed commercial real estate adviser Jones Lang Lasalle to secure a location for its commercial facility in the US.
These appointments are assisting Magnis’ fast-tracked development of its AAM project through the stages of pre-FEED, FEED and project permitting.
The planned deliverables for the pre-FEED phase include:
- preliminary equipment lists, layouts and plot plan;
- procurement strategy;
- project schedule; and
- preliminary capex and opex cost estimates
Magnis will progress the selection of the most appropriate site based on the technical support it receives.
Following completion of the pre-FEED phase, preparation of a feasibility study and selection of the site, Magnis will move onto the FEED and project permitting phases.
“We are very pleased to execute this services contract and work in collaboration with Worley," Magnis CEO David Taylor said.
"Our AAM facility will produce sustainable high-quality anode active materials for our customers and is an integral part of our strategy to become a vertically integrated business across the lithium-ion battery value chain.”