UK Government Picks SNC-Lavalin To Deliver Industrial Decarbonization Roadmaps

SNC-Lavalin Group Inc. SNC SNCAF has been selected by the U.K. Government Department of Business, Energy and Industrial Strategy (BEIS) to develop industrial decarbonization roadmaps for sites across the U.K. Financial terms were not disclosed.
Atkins, a subsidiary of the SNC-Lavalin Group, will work with up to 16 industrial sites to develop roadmaps and intervention plans to help them achieve net zero emissions by 2050.
SNC-Lavalin will concentrate its efforts on 'Hard to Abate' industrial sites, such as chemical facilities and the paper and ceramics industries.
SNC-Lavalin will use its technology and tools to examine carbon, cost, and engineering solutions and determine the most cost-effective and practical roadmaps for each industrial site.
Price Action: SNC shares are trading higher by 0.47% at C$29.64 on TSX, and SNCAF is higher by 1.27% at $23.26 on the last check Friday.