HitecVision has acquired a majority stake in Vow Green Metals, positioning the company to lead in biocarbon production and advance sustainable industrial practices in Norway.

Information on the Target

HitecVision has successfully completed the acquisition of Vow Green Metals, becoming the majority shareholder of the company. This strategic acquisition significantly bolsters Vow Green Metals' capacity to scale its operations and pursue its goal of establishing itself as a leading biocarbon producer in Europe. The company is now focused on constructing an integrated industrial platform for biocarbon production, a crucial product aimed at reducing emissions across various industries, particularly within the process industry.

As a fully owned subsidiary, Vow Green Metals is positioned to take charge of its future production facilities. The company is currently overseeing multiple projects, including those at Viken Park in Østfold and Eiktyr Industrial Park in Orkland, where it plans to collaborate with local partners to develop large-scale biocarbon production facilities. The strategic vision includes the establishment of several new plants with an ambitious combined production capacity target of 200,000 tons of biocarbon by 2030.

Industry Overview in Norway

The biocarbon industry is gaining traction in Norway, driven by increasing regulatory support for sustainable solutions and a heightened focus on climate change mitigation. The Norwegian Environment Agency has recogn