NEO Battery Materials, a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, has announced that it has designated the preferred contractor for its South Korean Commercial Plant, following the bids received from the RFQ process.
NEO Battery Materials received three tentative quotes from local South Korean contractors. After internal analysis, planning, and discussion with NEO’s management and commercialisation engineering team, the company has made its decision and will now commence final negotiations regarding estimate details, construction timeline, material procurement, and other relevant considerations.
The unnamed contractor focuses on good manufacturing practices (GMP) cleanrooms, advanced engineering plants for semiconductors and chemicals, and logistics systems
Once the contract is finalised, 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 unnamed contractor has established a comprehensive engineering system to deliver NEO a turn-key-based solution for its commercial plant construction. With a high degree of expertise in various sectors, the contractor focuses on good manufacturing practices (GMP) cleanrooms, advanced engineering plants for semiconductors and chemicals, and logistics systems.