The Norwegian Environment Agency has granted Vow Green Metals permission to
produce biocarbon and utilize related byproducts for energy purposes at the
Hønefoss plant. The company is currently building its large-scale biocarbon
production facility, set to become one of Europe's largest, at the industrial
site Treklyngen at Hønefoss. The large-scale facility will have an annual
biocarbon production capacity above 20,000 tons and an abatement potential of
around 100,000 tons of fossil CO2 p.a.

The environmental permit is granted by the Norwegian Environment Agency under
the Norwegian Pollution Control Act and approves the company's operations
corresponding to the planned phased development of the large-scale facility at
Hønefoss. 
ENDS 

For further information, please contact: 
Mathias Nilsen Reierth, Director of Corporate Affairs and Commercial, Vow Green
Metals AS. 
Tel: + 47 988 05 724 
Email: mathias.reierth@vowgreenmetals.com 

About Vow Green Metals 
Vow Green Metals' strategy is to be a leading producer of biocarbon and other
carbon-neutral products that enable the green transition in hard-to-abate
industries. We are on a mission to accelerate the world's transition to
renewable materials by offering green alternatives to replace fossil reduction
agents in the metallurgical industry. The core of our business is to build, own
and operate biocarbon production plants using state-of-the-art pyrolysis
technology to turn biomass and biomass waste-streams into our core product,
biocarbon. Our biocarbon production process also creates other valuable products
like bio-oil and bioenergy. With our standardized solutions, unique access to
proprietary technology, and a growing global pipeline of projects, we are
upholding our first-mover position in a growing market where speed and scale
will be determining factors. Vow Green Metals is building a new biocarbon
industry on the shoulders of its main owner and technology partner, Vow ASA,
which provides access to competence and capabilities acquired through decades of
industrial innovation.

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