Oslo, 22 September 2026: Vow ASA's wholly owned subsidiary Scanship AS has
entered into an exclusive collaboration agreement with Danieli Corus B.V. to
develop and market solutions for the use of biocarbon in integrated steel
production. The collaboration combines Vow's pyrolysis technology for
converting biomass and waste streams into biocarbon with Danieli Corus'
expertise in ironmaking and steelmaking. Sustainably produced biocarbon can
replace part of the fossil carbon used in steel production and thereby
contribute to reducing the carbon footprint.
"This agreement gives Vow access to a relevant industrial channel for our
biocarbon production technology in steel production. Together with Danieli
Corus, we offer steel producers a practical route to evaluate increased use of
net-zero carbon in blast furnace operations," said Gunnar Pedersen, CEO at Vow
ASA.
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. The
company supplies fuel injection systems for blast furnaces worldwide.
The parties will initially target opportunities in Brazil and India, where
biomass-based carbon solutions may be relevant for steel producers seeking to
reduce fossil CO2 emissions.
The collaboration agreement was mentioned on a no-name basis in Vow's half-year
presentation, page 17. The collaboration agreement does not include any firm
purchase orders or committed deliveries from Vow. Any future commercial
deliveries will depend on customer demand, project development and separate
contractual arrangements.
For more information, please contact
Gunnar Pedersen, CEO, Vow ASA
Tel: +47 916 30 304
Email: gunnar.pedersen@vowasa.com
Cecilie Brænd Hekneby, CFO, Vow ASA
Tel: +47 992 93 826
Email: cecilie.hekneby@vowasa.com
About Vow ASA
Vow (the "Group" or the "Company") and its subsidiaries Scanship, C. H. Evensen
Industriovner and Etia are passionate about preventing pollution. The company
delivers products and services to the maritime industry and develops and
commercializes technologies within waste management and the conversion of waste
into high-value products and energy.
Vow operates through three business units: Maritime Solutions, Aftersales, and
Industrial Solutions, and is a cruise market leader in wastewater purification
and valorization of waste.
Its advanced technologies and solutions enable industrial decarbonization and
circular resource utilization. Waste streams such as biomass and end-of-life
tires are converted into clean energy, biocarbon and low-carbon fuels that
replace fossil-based alternatives in industrial processes.
The solutions are modular, scalable, standardized, patented, and thoroughly
documented, enabling efficient deployment across projects and markets. The
company's capability to deliver is well proven, supported by a structured
development model from pilot to full-scale operations. Vow holds strong niche
positions in food safety and heat-intensive industries with ambitious
decarbonization agendas.
Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).
slo\, the parent company Vow ASA is listed on the Oslo Stock Exchange\
(ticker VOW).\