MONTREAL, March 25,
2024 /CNW/ - AtkinsRéalis [SNC-Lavalin Group Inc.]
(TSX: ATRL), a fully integrated professional services and project
management company with offices around the world, has been awarded
a contract by TESCanada H2 Inc. ("TESCanada") to provide front end
engineering and design services for their Projet Mauricie green
hydrogen hub in Quebec.
"Energy secure and affordable Net Zero grids will be needed as
we electrify a larger portion of our economies," commented
Ian L. Edwards, President and Chief
Executive Officer, AtkinsRéalis. "Green hydrogen provides an
attractive clean energy option for hard to decarbonize sectors.
We're pleased to deliver our clean energy engineering expertise to
advance the green hydrogen ecosystem and ensure a successful energy
transition."
Quebec Green Hydrogen; Powering a
Clean Economy
TESCanada's Projet Mauricie is an innovative renewable energy
initiative that aims to accelerate the energy transition by
producing up to 70,000 tonnes per year of green hydrogen, which
will be used to decarbonize industrial processes and heavy
transportation in Quebec. The
project will reduce emissions by 800,000 tonnes CO2eq
per year supporting Quebec's
decarbonization objectives. As part of the project, clean
electricity will largely be supplied by new, purpose-built
renewable power generation including wind and solar farms totalling
1,000 MW. Expected to be commissioned in 2028, it is one of the
largest clean hydrogen projects in Canada. It is also amongst the largest
decarbonization projects announced in Quebec to date.1
Hydrogen Market
Expertise
A multi-disciplinary AtkinsRéalis team, in collaboration with
specialists from BBA, will develop project plans, an execution
schedule, cost estimates, environmental impact assessments, and
assist TESCanada with the permitting required for the project.
AtkinsRéalis will also provide support with the technical
challenges of the project, including engineering and field
activities that involve geotechnical investigations and testing, as
well as assist TESCanada with stakeholder and community
engagement.
"We are proud to contribute our vast expertise to this
innovative, Quebec-based project,
that will largely self-generate its renewable electricity with
behind-the-fence wind and solar plants to produce green hydrogen,"
said Stéphanie Vaillancourt, President, Canada, AtkinsRéalis. "Green hydrogen offers
an effective solution to decarbonize heavy industrial processes and
long-haul transportation as well as other sectors that are not
suitable to direct electrification. We are excited to see our
Canadian business positioned as a leader in hydrogen, having
undertaken a significant portfolio of this work globally."
AtkinsRéalis has deep experience in the hydrogen market around
the world. The Company has successfully executed projects across
the UAE, UK, and US.
About
AtkinsRéalis
Created by the integration of long-standing organizations
dating back to 1911, AtkinsRéalis is a world-leading professional
services and project management company dedicated to engineering a
better future for our planet and its people. We create sustainable
solutions that connect people, data and technology to transform the
world's infrastructure and energy systems. We deploy global
capabilities locally to our clients and deliver unique end-to-end
services across the whole life cycle of an asset including
consulting, advisory & environmental services, intelligent
networks & cybersecurity, design & engineering,
procurement, project & construction management, operations
& maintenance, decommissioning and capital. The breadth and
depth of our capabilities are delivered to clients in strategic
sectors such as Engineering Services in key regions (Canada, the United
States, the United Kingdom,
as well as Asia, the Middle East and Australia), Nuclear and Capital. News and
information are available at
www.atkinsrealis.com or follow us on
LinkedIn.
Forward-Looking
Statements
Reference in this press release to the "Company" or to
"AtkinsRéalis" means, as the context may require, SNC-Lavalin Group
Inc. or all or some of its subsidiaries or joint arrangements or
associates. Statements made in this press release that describe the
Company's or management's expectations or strategies constitute
"forward-looking statements", which can be identified by the use of
the conditional or forward-looking terminology such as "expects",
"forecasts", "intends", "may", "objective", "plans", "projects",
"should", "will", "likely", or the negative thereof or other
variations thereon. Forward-looking statements also include any
other statements that do not refer to historical facts. All such
forward-looking statements are made pursuant to the "safe-harbour"
provisions of applicable Canadian securities laws. The Company
cautions that, by their nature, forward-looking statements involve
risks and uncertainties, and that its actual actions and/or results
could differ materially from those expressed or implied in such
forward-looking statements, or could affect the extent to which a
particular projection materializes. Forward-looking statements are
presented for the purpose of assisting investors and others in
understanding certain key elements of the Company's current
objectives, strategic priorities, expectations and plans, and in
obtaining a better understanding of the Company's business and
anticipated operating environment. Readers are cautioned that such
information may not be appropriate for other purposes.
Forward-looking statements made in this press release are based on
a number of assumptions believed by the Company to be reasonable as
at the date hereof. The assumptions are set out throughout the
Company's 2023 annual management disclosure & analysis
("MD&A") (particularly in the sections entitled "Critical
Accounting Judgments and Key Sources of Estimation Uncertainty" and
"How We Analyze and Report our Results") filed with the securities
regulatory authorities in Canada,
available on SEDAR+ at and on the Company's website at under the
"Investors" section. If these assumptions are inaccurate, the
Company's actual results could differ materially from those
expressed or implied in such forward-looking statements. In
addition, important risk factors could cause the Company's
assumptions and estimates to be inaccurate and actual results or
events to differ materially from those expressed in or implied by
these forward-looking statements. Those risks are identified in the
Company's 2023 annual MD&A (particularly in the sections
entitled "Risk and Un certainties") and are not exhaustive. The
forward-looking statements herein reflect the Company's
expectations as at the date of this press release and are subject
to change after this date. The Company does not undertake to update
publicly or to revise any such forward-looking statements whether
as a result of new information, future events or otherwise, unless
required by applicable legislation or regulation.
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1
Source:
TESCanada, https://tes-h2.com/news/tes-presents-projet-mauricie-a-crucial-initiative-for-quebec-s-decarbonization-through-green.
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SOURCE AtkinsRéalis