Highlights

• Industrial-scale production and R&D facility in place to deliver initial volumes of biocarbon to established partners and produce samples and develop recipes to mature new markets and new offtake partners.
• Ongoing projects under development with combined production capacity exceeding 80,000 tons of biocarbon.
• Massive addressable market in Europe with demand for 56 million tons of fossil coal annually – high demand for sustainable reduction materials.
• Long-term offtake secured for the large-scale project at Hønefoss with supply agreement for 15,000 tons of biocarbon signed with Elkem, one of the world’s leading providers of advance silicon based materials.
• Unique access to proven and proprietary technology and IP – Vow Green Metals’ large-scale process concept has passed 3rd party technology verification conducted by Afry.
• Opportunity to realize more than 200,000 tons biocarbon production capacity with FIDs from 2024 to 2028.
• Vow Green Metals’ production facilities offer surplus energy and is not heavily dependent on grid capacity, making the concept a welcomed addition to any industrial hub seeking energy symbiosis.
• Commercially de-risked market with metallurgical producers racing to secure access to biocarbon as first-movers have already signed long-term biocarbon offtake agreements in the Nordics.
• Investment case thoroughly scrutinized by expert panel of governmental enterprises Siva and Eksfin and industrial and financial partners DNB, Skagerak and Vardar.