AtkinsRéalis mandated by TES for its hydrogen project in Shawinigan

The engineering consulting firm AtkinsRéalis (formerly SNC-Lavalin) will carry out the engineering and preliminary design work for the large so-called “green” hydrogen production plant project that the company TES Canada is proposing to build in Shawinigan.

Called “Projet Mauricie” since its announcement with great fanfare last November, this industrial project estimated at nearly 4 billion aims to start up in 2028 a factory capable of producing up to 70,000 tonnes per year of so-called “green” hydrogen. » because it will be produced with electricity from renewable sources: hydraulic, wind and solar.

Also, this production of green hydrogen will be mainly intended for the Canadian market to replace fossil fuels (natural gas, fuel oil) for uses in industry and transport.

The obtaining of the first engineering mandate linked to the “Mauricie Project” by AtkinsRéalis was confirmed Monday by the president of its activities in Canada, Stéphanie Vaillancourt, during a corporate presentation speech in front of an audience of hundreds of people from affairs brought together by the Canadian Club of Montreal.

In the opinion of Mme Vaillancourt, “green hydrogen offers an effective solution for decarbonizing heavy industrial processes and long-distance transportation, as well as other sectors that are not suited to direct electrification.”

While AtkinsRéalis’ business priorities increasingly focus on clean energy infrastructure projects, Vaillancourt expressed his satisfaction to “see (the) company positioning itself as a leader in the field of hydrogen after having developed a significant portfolio in this field on a global scale. »

“It is with pride that we put our vast expertise at the service of this innovative Quebec project which will largely self-produce renewable electricity with wind turbines and a solar park to produce green hydrogen,” according to Stéphanie Vaillancourt.

Joined senior management of AtkinsRéalis in 2019, then known as SNC-Lavalin, Mme Vaillancourt was promoted to president of activities in Canada a few months ago, at the end of 2023. In this position, she manages activities which employ 7,000 people in Canada, including 2,300 in Quebec.

At the end of the 2023 financial year, AtkinsRéalis’ activities in Canada accounted for $2.41 billion in revenue, or a little more than a quarter (28%) of the entire turnover of the multinational managed from Montreal.

Ian Edwards absent

Stéphanie Vaillancourt’s presentation to the Canadian Club of Montreal on Monday was her first speech since her appointment as Canadian president of AtkinsRéalis, as she completes a tour of meetings with the company’s teams across the from the country.

The president and CEO of AtkinsRéalis, Ian Edwards, usually the company’s main point of contact in front of its shareholders and financiers, was absent from his colleague’s conference. Three years ago, Mr. Edwards withdrew a few days’ notice from a planned speech before the same Canadian Club, citing his inadequate command of French in the wake of a linguistic controversy sparked by the president and leader from the management of Air Canada, Michael Rousseau.

But on Monday, regarding TES Canada, the president of AtkinsRéalis, Ian Edwards, reported in a press release that “green hydrogen offers an interesting clean energy option for sectors that are difficult to decarbonize.”

According to the description provided by AtkinsRéalis, but without specifying the value, its consulting engineering mandate with TES Canada includes “the development of project plans, the execution schedule and cost estimates”.

Also, AtkinsRéalis will provide “environmental impact assessments” of the green hydrogen plant project and “help TES Canada obtain the required permits for the project” as well as “for all matters relating to stakeholder engagement and in the community “.

It should be remembered that the announcement of this large green hydrogen plant project in Shawinigan in November sparked controversy because TES Canada is also planning the development of its own wind and solar electricity production facilities in the Mauricie region, and outside the Hydro-Québec network which is planned for 30% of its electricity needs.

AtkinsAchieved in numbers

Annualized revenue (as of Dec. 31, 2023): 8.63 billion

Net profit (as of Dec. 31, 2023): 286.6 million

Order book (as of Dec. 31, 2023): 14.13 billion

Market capitalization (as of March 25, 2024): 9.6 billion


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