Vow ASA: Vow receives modification order for hybrid heating system to decarbonize the hot-dip galvanizing industry
21 Septembre 2023 - 8:00AM
Vow ASA: Vow receives modification order for hybrid heating system
to decarbonize the hot-dip galvanizing industry
Vow ASA ("Vow") subsidiary, C.H. Evensen AS ("CHE") is pleased
to announce that it has received a modification order for a
state-of-the-art hybrid heating system on a hot-dip galvanizing
furnace. This modification is an addition to the previously
announced furnace contract award in December 2022. The hybrid
system enables the furnace to operate at full production capacity
using both electric power and gas heating, while running entirely
on renewable energy.
Upon delivery to the esteemed customer, LCC Group in Cookstown,
Northern Ireland, in 2024, this furnace valued at NOK 24 million
will become the largest of its kind in the world.
Henrik Badin, CEO of Vow ASA, expressed his pride in assisting
the heat demanding industry in transitioning to fossil-free
solutions, overcoming what was once deemed nearly impossible. He
emphasized that this achievement aligns with Vow's mission to
diversify industries and minimize their environmental impact.
The modification order falls under Vow's Industrial Solutions
reporting segment and will be recorded as order intake in the
third quarter of 2023.
For more information, please contact:
Henrik Badin, CEO, Vow ASATel: +47 90 78 98 25Email:
henrik.badin@vowasa.com
Tina Tønnessen, CFO, Vow ASATel: +47 406 39 556Email:
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).
Vow ASA (TG:213)
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