NEO Battery Materials designates contractor for South Korean commercial plant construction
by CM Staff
The Contractor focuses on good manufacturing practices (GMP) cleanrooms, advanced engineering plants for semiconductors and chemicals, and logistics systems.
NEO Battery Materials Commercial Plant
VANCOUVER — NEO Battery Materials has completed the request for quotation (RFQ) process, receiving three tentative quotes from local South Korean contractors. After internal analysis, planning, and discussion with NEO’s management and commercialization engineering team, the Company has designated the preferred contractor and will commence final negotiations regarding estimate details, construction timeline, material procurement, and other relevant considerations.
Once the contract is finalized, the Contractor will initiate site clearance, earth-bracing work, sleeve work, conduit, joint wall, framework, and foundation construction in the first three months. NEO Battery and the Contractor expect the South Korean Commercial Plant to be completed by the first half of 2024, with the commissioning and mass production validation occurring within that year.
The Contractor has established a comprehensive engineering system to deliver NEO a turn-key-based solution for its commercial plant construction. With a background in various sectors, the Contractor focuses on good manufacturing practices (GMP) cleanrooms, advanced engineering plants for semiconductors and chemicals, and logistics systems.
