NEWS

Vow Green Metals AS (“Vow Green Metals” or the “Company”) today publishes its Annual Report 2022, which includes consolidated accounts for the Company, sustainability report and the independent auditor’s report.

In her letter to the shareholders and stakeholders, Vow Green Metals’ Chief Executive Officer, Cecilie Jonassen, writes:

“Vow Green Metals hit the ground running and are entering 2023 prepared to produce and deliver biocarbon at an industrial scale already in the third quarter. We are also starting the construction phase of one of Europe’s largest biocarbon facilities as we continue to make significant strides in our mission to accelerate the world’s transition to renewable materials by spearheading the development of a rapidly growing biocarbon industry.”

With unique access to proven technology and standardized solutions, and a growing pipeline totaling 600,000 tons of biocarbon production capacity, the Company is well-positioned for further growth.

“Backed by favorable industrial trends and strong regulatory tailwinds, we expect the demand and price competitiveness of biocarbon to increase significantly. The cost of CO2 emissions in Europe has grown rapidly and is expected to continue its path for years to come, meaning that the cost of using fossil reduction materials is on the rise. As coal is phased out as an energy source, it will also become increasingly difficult to source high-quality coal needed for metal production. At the same time, the green transition and other macro trends, like the rise of the middle class worldwide, are creating a push in demand for sustainable metal-based materials to be used in transportation and electronics, and silicon-based renewable technologies, such as solar PV.” Jonassen adds.

Annual report 2022.

For more information, please contact Cecilie Jonassen, CEO, Vow Green Metals AS Tel: + 47 954 20 126 Email: cecilie.jonassen@vowgreenmetals.com