Vow and Danieli Corus collaborate to advance low-carbon steel production technology

Vow ASA’s wholly owned subsidiary Scanship AS hasentered into an exclusive collaboration agreement with Danieli Corus B.V. todevelop and market solutions for the use of biocarbon in integrated steelproduction.

The collaboration combines Vow’s pyrolysis technology forconverting biomass and waste streams into biocarbon with Danieli Corus’expertise in ironmaking and steelmaking. Sustainably produced biocarbon canreplace part of the fossil carbon used in steel production and therebycontribute to reducing the carbon footprint.

“This agreement gives Vow access to a relevant industrial channel for ourbiocarbon production technology in steel production. Together with DanieliCorus, we offer steel producers a practical route to evaluate increased use ofnet-zero carbon in blast furnace operations,” said Gunnar Pedersen, CEO at VowASA.

Advancing low-carbon steel production

Danieli Corus is a Netherlands-based company serving the global steel industry,with specialist capabilities in ironmaking and steelmaking technology. Thecompany supplies fuel injection systems for blast furnaces worldwide.The parties will initially target opportunities in Brazil and India, wherebiomass-based carbon solutions may be relevant for steel producers seeking toreduce fossil CO₂ emissions.

The collaboration agreement was mentioned on a no-name basis in Vow’s half-yearpresentation, page 17. The collaboration agreement does not include any firmpurchase orders or committed deliveries from Vow. Any future commercialdeliveries will depend on customer demand, project development and separatecontractual arrangements.

For more information, please contact

Gunnar Pedersen, CEO, Vow ASATel: +47 916 30 304Email: gunnar.pedersen@vowasa.com

Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 992 93 826Email: cecilie.hekneby@vowasa.com

About Vow ASA

Vow (the “Group” or the “Company”) and its subsidiaries Scanship, C. H. EvensenIndustriovner and Etia are passionate about preventing pollution. The companydelivers products and services to the maritime industry and develops andcommercializes technologies within waste management and the conversion of wasteinto high-value products and energy.Vow operates through three business units: Maritime Solutions, Aftersales, andIndustrial Solutions, and is a cruise market leader in wastewater purificationand valorization of waste.Its advanced technologies and solutions enable industrial decarbonization andcircular resource utilization. Waste streams such as biomass and end-of-lifetires are converted into clean energy, biocarbon and low-carbon fuels thatreplace fossil-based alternatives in industrial processes.The solutions are modular, scalable, standardized, patented, and thoroughlydocumented, enabling efficient deployment across projects and markets. Thecompany’s capability to deliver is well proven, supported by a structureddevelopment model from pilot to full-scale operations. Vow holds strong nichepositions in food safety and heat-intensive industries with ambitiousdecarbonization agendas.Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange(ticker VOW).