Vow ASA: Vow in position for Caribbean carbon recycling project
28 Novembre 2023 - 6:45AM
Vow ASA: Vow in position for Caribbean carbon recycling project
Vow ASA (ticker OSE:VOW) has signed a long-term
cooperation agreement and a long-term equipment supply agreement
and been selected to be the exclusive provider for large-scale
Carbon Refinery® projects expected to break ground in the Caribbean
in 2024.
The agreements are entered into with Circon Energy LLC (Circon)
and its sister company ReCO2, LLC (ReCO2) respectively.
Multiple projects are under advanced development, the first of
which will deploy 19 lines of Vow’s equipment to process feedstocks
into low-carbon fuels, biochar and recovered carbon black without
any direct emissions. Subject to the completion of final
engineering and design works, ReCO2 anticipates executing a
purchase order with Vow in the first quarter of 2024.
“We look forward to cooperating with Circon and ReCO2 to develop
their business model and their portfolio of projects. We are
impressed with their passion and commitment to ushering in the
circular economy and their pioneering energy transition, which will
produce efficient energy, reform used materials, create valuable
resources, and reduce carbon footprint. Our large CHE pyrolysis
reactor will be a central piece of equipment in the planned Carbon
Refinery® projects,” said Henrik Badin, CEO of Vow ASA.
With Vow’s pyrolysis reactor inside, the Carbon Refinery® will
be processing feedstock sourced from organic components of
municipal solid wastes, plastics, end-of-life tires, storm debris,
wood, and agricultural wastes into low-carbon fuels, biochar,
recovered carbon black, and other coproducts.
For more information about Circon Energy, LLC, ReCO2, LLC and
the planned Carbon Refinery® projects, please see the attached
press release.
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 recycling. 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 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).
The information is such that Vow ASA is required to disclose in
accordance with the EU Market Abuse Regulation. This information is
subject of the disclosure requirements pursuant to section 5-12 of
the Norwegian Securities Trading Act.
- Press Release - Circon - ReCO2 - Vow-Release
Vow ASA (TG:213)
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