Vow Green Metals AS

Related Party Transaction • Aug 26, 2022

Potential for increasing capacity at Vow Green Metals AS' biocarbon factory on the Follum site

Since Vow Green Metals on November 4, 2021, announced its plans to build Europe's largest BioCarbon production plant at Follum, other companies have signaled interest to becoming part of this larger industrial complex.

Most recently in March 2022, Billerud Korsnäs, a leading provider of sustainable packaging, and Viken Skog, a large cooperative in the Norwegian forest industry announced that they have formed a joint venture, with the aim of establishing a bleached chemithermomechanical pulp (BCTMP) production plant at the site.

Vow Green Metals consider this to be an opportunity to at least double the production capacity of its biocarbon factory to match the potential increased demand from the Billerud Korsnäs and Viken Skog joint venture, as well as severe more customers in their efforts to decarbonise secure an energy efficient set up at the site significantly improve economy of scale.

Further discussion with potential partners, studies, and analysis of what this could mean for the exact location, layout and construction schedule for Vow Green Metals' plant will start immediately. This could impact the overall project, and result in a more efficient plant.

For more information, please contact

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

About Vow Green Metals

Vow Green Metals AS builds, owns, and operates 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 the Continuing Obligations for Issuers of Shares in accordance with Oslo Rule Book II - Issuer Rules.