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Vow ASA: First full scale land-based industrial MAP is operational

Vow ASA: First full scale land-based industrial MAP is operational

July 2nd, 2020

On April 3rd 2019, Vow ASA announced a breakthrough contract for delivery of its first full scale land-based industrial MAP to a new pyrolysis plant outside Drammen in Norway. The company is pleased to announce that the plant is now ready for biocarbon production.

Vow ASA and its subsidiary Scanship AS has served as MAP technology provider in a project consortium further consisting of the waste and sewage companies Lindum and VEAS, together with NGI and SINTEF. As part of the project, The Norwegian Research Council has granted 50% funding for a research program on valorization of biochar from pyrolysis of organic waste. Biocarbon is the product obtained when organic waste such as wood chips, garden waste and sludge are burned at high temperatures and without the supply of oxygen in a process called pyrolysis.

"During pyrolysis, the waste is converted to a carbon-rich coal, while producing an energy-rich syngas. One of the many good properties of biocarbon is that it binds carbon that would otherwise have been emitted as CO2 into the atmosphere. The use of biocarbon as a soil improver increases fertility and carbon storage in the soil while reducing greenhouse gas emissions, says Thomas Hartnik, research leader at Lindum.

"At Vow we are proud to serve as technology provider to this exciting and environmentally friendly project, which will contribute to a more circular economy. The pyrolysis plant safely handles hazardous waste, contributes to lower greenhouse gas emissions and produces valuable biproducts which can be applied in both agriculture and industrial processes, says Henrik Badin, CEO of Vow ASA.

For further information, please contact: Henrik Badin – CEO Vow ASA Tel: +47 90 78 98 25 Email: henrik.badin@vowasa.com

About Vow ASA In Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land.

Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonize industry and convert plastic waste into fuel, clean energy and high-value pyro carbon.

Our solutions are scalable, standardized, patented and thoroughly documented, and our capability to deliver is well proven. They are key to end waste and stop pollution.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW from 13 January 2020). The Vow group has 120 employees in Norway, France, Poland and the US.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Lysaker Torg 12

1366 Lysaker NORWAY



info@vowasa.com

Org. nr. 996 819 000


BUSINESS INQUIRIES

Henrik Badin

Chief Executive Officer (CEO)

+47 90 78 98 25

henrik.badin@vowasa.com
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