AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
_01_09_2025_07_01_12_631371.jpg)
Highlights
Worley contracted for engineering, procurement, and construction management services for Talga’s Vittangi Anode Project.
The contract value is subject to negotiation and expected to meet market standards.
Talga’s project is supported by significant EU funding and strategic project status under EU Acts.
Talga Group (ASX:TLG), a company developing battery materials and technology, has awarded Worley (ASX:WOR), an ASX 200-listed firm, the contract to provide engineering, procurement, and construction management (EPCM) services for the Vittangi Anode Project in Sweden. The agreement is subject to further negotiation and binding documentation, with a term running until 2026 and an option for extension by mutual consent.
Worley’s Role in Project Development
Worley has been involved in the Vittangi project’s development since 2019, providing essential engineering services throughout various stages of the project. These services have included the Prefeasibility Study (PFS), Detailed Feasibility Study (DFS), and more recently, the front-end engineering design (FEED) as well as a value improvement process in 2024. Worley’s extensive experience and global capabilities make it a key partner for Talga as it progresses with its ambitious project in Sweden.
Project Funding and Support
Talga’s Vittangi Anode Project has garnered attention not only due to its potential impact on the battery materials sector but also because of its significant funding. The project has been backed by a substantial grant from the EU Innovation Fund. In addition, a debt consortium, with a key contribution from the European Investment Bank, further bolsters the project’s financial structure. Furthermore, Talga notes that Worley’s global capabilities extend beyond engineering services to facilitating financing solutions, including access to export credit agencies (ECAs). These financing solutions may help secure additional funds to support the project’s development.
Strategic Importance Under EU Frameworks
In recognition of the project’s alignment with European strategic goals, both Talga’s graphite mine and the battery anode plant have been granted Strategic Project status under two key EU Acts. The first is the Critical Raw Materials Act, which underscores the significance of raw materials like graphite for European industries. The second is the Net-Zero Industry Act, which supports initiatives aimed at advancing sustainability and carbon reduction in industrial processes. These designations highlight the project's strategic importance within the EU’s broader sustainability and economic objectives.
