Vow Green Metals AS (DE:9G5) has released an update.
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Vow Green Metals AS has secured full financing for the first phase of its Hønefoss biocarbon production facility, with a NOK 344 million loan from DNB, partly guaranteed by Eksfin. The company, which aims to offer carbon-neutral products to the metallurgical industry, has begun construction at Hønefoss, with plans to finance the second phase later in 2024. Vow Green Metals’ business involves operating biocarbon plants to facilitate the transition to renewable materials in hard-to-abate industries.
For further insights into DE:9G5 stock, check out TipRanks’ Stock Analysis page.
