Vow Green Metals AS (DE:9G5) has released an update.
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Vow Green Metals AS has made significant progress in the first half of 2024, initiating a large-scale biocarbon facility at Hønefoss, securing a supply agreement with Elkem, and attracting strategic investors like Vardar AS. The company has also established a new credit facility and is advancing towards a 200,000-ton production capacity, despite recording an operating loss of NOK 13.9 million for the period. These developments underscore Vow Green Metals’ commitment to spearheading the biocarbon industry and its role in the green transition of hard-to-abate industries.
For further insights into DE:9G5 stock, check out TipRanks’ Stock Analysis page.
