StockWatch
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Major Chemicals
Project UpdateMay 26, 2026, 08:02 AM

Standard Lithium JV Signs EPCC Agreement for SWA Project CPF

AI Summary

Smackover Lithium, a partnership between Standard Lithium and Equinor, has entered into an engineering, procurement, construction and commissioning (EPCC) agreement with S&B Engineers and Constructors for the Central Processing Facility (CPF) of the South West Arkansas (SWA) Project. S&B will be supported by Hatch Ltd. for design engineering and commissioning. This agreement covers approximately two-thirds of the Project's estimated capital expenditure, which aims to produce 22,500 tonnes per annum of battery-quality lithium carbonate. The agreement includes a Limited Notice to Proceed (LNTP) to advance detailed engineering and early procurement, with a Full Notice to Proceed expected after a positive Final Investment Decision (FID) in 2026, following the finalization of customer offtakes and project financing.

Key Highlights

  • Smackover Lithium (Standard Lithium/Equinor JV) signed an EPCC agreement with S&B for the SWA Project CPF.
  • S&B will deliver EPCC services, supported by Hatch Ltd. for design engineering and commissioning.
  • The SWA Project is designed to produce 22,500 tonnes per annum of battery-quality lithium carbonate.
  • The CPF scope represents approximately two-thirds of the Project’s estimated capital expenditure.
  • Agreement includes a Limited Notice to Proceed (LNTP) for detailed engineering and early procurement.
  • Full Notice to Proceed expected after a positive Final Investment Decision (FID) in 2026.
  • Key construction vendor contracts are complete, including a separate EPCM for the wellfield.
  • Smackover Lithium is finalizing customer offtakes and project financing before FID.