NEWS

Vow Green Metals AS is pleased to announce that the company have now formally signed the contract for the process equipment for the Follum project. According to which Vow ASA will deliver process equipment and engineering support to Vow Green Metals’ biocarbon plant at Follum in Norway. The contract is valued at NOK 215 million.

“It is with great satisfaction that we now confirm that the contract is signed, and that construction of equipment is well underway. It is less than a year since we first announced the partnership with local industry at Follum and advanced materials producer Elkem, and our plans to build this unique plant for production of CO2 neutral biocarbon. This is an ideal reduction agent which will help metallurgical industry decarbonise,” said Cecilie Jonassen, CEO of Vow Green Metals AS.

The equipment will be completed and shipped to Norway during 2022.

“This is the first major contract awarded by Vow Green Metals since the company was listed on Euronext Growth in July this year. It is an important milestone in our plans to support visionary and environmentally concerned industry players in their efforts to meet new demands and expectations from owners, customers and other stakeholders,” said Cecilie Jonassen, CEO of Vow Green Metals AS.

For more information please contact Lars Mårdalen, CFO, Vow Green Metals AS Tel: +47 91 10 77 02 Email: lars.mardalen@vowgreenmetals.com

About Vow Green Metals AS Vow Green Metals AS build, own, and operate plants that produce high value biocarbon for the metallurgical industry. In order to decarbonise the metallurgical industry, there is a growing global interest in large scale pyrolysis plants, motivated by both environmentally friendly treatment methods for waste and for the production of biocarbon.

Vow Green Metals AS aims to provide solutions for the metallurgical industry and to meet the growing demand for industry decarbonising.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.