Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Energi & Miljö |
Industri | Miljö & Återvinning |
2023-09-18 08:00:00
Vow ASA ("Vow") and its subsidiary, C.H. Evensen AS ("CHE"), have recently been
awarded three contracts worth a total of NOK 17 million, highlighting the
significance of CHE's cutting-edge technologies.
The larger of the three contracts is a NOK 10 million front-end-engineering
design (FEED) agreement for a major international pyrolysis project. This
project has the potential to pave the way for a process equipment contract that
surpasses in size anything previously delivered by Vow, utilizing CHE's advanced
pyrolysis technology.
"While the metal industry came first, we now see other industries embracing our
large-scale pyrolysis solutions to an increasing degree. With this FEED
contract, our customer has secured access to our expertise. We are keen and
committed to providing all the support we can as they develop their project
towards a final investment decision," said Henrik Badin, CEO of Vow ASA.
Additionally, CHE has successfully secured two smaller contracts for the supply
of its state-of-the-art electrical hot dip galvanizing furnace. These contracts
are with a global market leader in material science, specializing in steel wire
transformation and coating technologies. The furnaces are set to be delivered to
the client's manufacturing facilities in Brazil and China.
CHE is part of Vow's Industrial Solutions reporting segment. The contracts will
be booked as order intake in the third quarter 2023.
For more information, please contact:
Henrik Badin, CEO, Vow ASA
Tel: +47 90 78 98 25
Email: henrik.badin@vowasa.com
Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com
About Vow
Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about
preventing pollution. The company's world leading solutions convert biomass and
waste into valuable resources and generate clean energy for a wide range of
industries.
Advanced technologies and solutions from Vow enable industry decarbonisation and
material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres
can be converted into clean energy, low carbon fuels and renewable carbon that
replace natural gas, petroleum products and fossil carbon. The solutions are
scalable, standardised, patented, and thoroughly documented, and the company's
capability to deliver is well proven.
The company is a cruise market leader in wastewater purification and
valorisation of waste. It provides technology and solutions which enable
industries to transition towards a fossil-free future by converting biomass and
waste into valuable resources and clean energy. The company also has strong
niche positions in food safety and robotics, and in heat-intensive industries
with a strong decarbonising agenda.
Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.