Consummate Consortium Catalyses Capacity CreationHitecVision, Midas Industri AS, alongside Vardar AS and Skagerak Energipartner AS, now own over 91 % of Vow Green Metals after a public offer completed on 23 June. Shares were delisted from Euronext Growth Oslo by 4 July. This strategic move empowers Vow to fully own and manage its green biocarbon facilities going forward.

Biocarbon Blueprint Builds Base in HønefossWith formal ownership secured, Vow Green Metals is accelerating construction of its flagship plant in Hønefoss. Supported by capital and industrial insight from HitecVision and partners, the facility is being developed to its full licensed capacity, marking a key milestone in the company’s transformation from fledgling venture to full-scale producer.

Pipeline Plans Promote Regional Production ProliferationVow is also advancing additional facilities in Østfold’s Viken Park and Eiktyr Industrial Park in Orkland, with local public‑private partners. These plants, built on the Hønefoss model, will together support a production network geared towards achieving 200,000 metric tons of biocarbon annually by 2030.

Executive Ensemble Engineers Elevated StrategyA newly formed board under Chair Jan Arve Haugan (formerly of Hydro and Aker) and members including Christian Kronstad ensures strong leadership. CEO Cecilie Jonassen emphasises that the backing enables Vow to pursue sustainable industrial growth and create local employment, cementing its role in Norway’s green economy.

Industrial Impetus Illuminates Climate CredentialsBiocarbon, made from sustainable biomass, is increasingly recognised for its potential to replace fossil coal in metallurgical sectors. Norway’s Environment Agency projects its use could cut over 1.4 million metric tons of CO₂‑equivalent by 2030. Vow’s supply contracts with Elkem and Outokumpu demonstrate industrial demand for clean alternatives.

Investor Injection Induces Innovation InfusionHitecVision manages approximately €9 billion in investments across energy, district heating, biogas, and offshore wind. Their involvement brings not only capital but operational acumen to Vow’s expansion. Christian Kronstad underscores that Vow’s blend of industrial value creation and climate impact makes it a compelling addition to HitecVision’s renewable portfolio.

Market Momentum Motivates Multi‑Facility MomentumVow’s acquisition enables swift deployment of modular production facilities. By leveraging local partners and industrial clusters, the company can scale geographically without sacrificing efficiency, critical to hitting its 200,000 metric ton biocarbon capacity goal by 2030.

Symbiosis Signals Sustainable Sectoral ShiftThis acquisition symbolizes a shift towards integrated green value chains within Norway. With HitecVision, Vardar, Skagerak, and Vow Green Metals aligned, the venture marks a concerted effort to embed decarbonisation in heavy industry. The project serves as a case study for public‑private collaboration driving climate‑aligned manufacturing.

Key Takeaways:

• HitecVision now holds 91.4 %, supporting Vow Green Metals to scale biocarbon facilities towards 200,000 metric tons annual capacity by 2030, targeting metallurgical markets.

• The company builds its first large‑scale plant in Hønefoss and plans additional sites in Østfold & Orkland, backed by regional partners.

• Biocarbon from these plants can reduce over 1.4 million metric tons of CO₂‑equivalent by 2030 and replaces fossil coal in steel and silicon production.