Vardar to invest $9.4M in Vow Green Metals

In Norway, Vow Green Metals recently signed agreements with Vardar AS, a regional renewable energy producer with operations and ownership within bioenergy, CCU, wind, solar and hydropower, to invest up to NOK 100 million in Vow Green Metals and its large-scale biocarbon production facility at Hønefoss.

The NOK 100 million investment from Vardar will be split equally between Vow Green Metals AS and VGM Operatør AS, a wholly owned subsidiary of Vow Green Metals, holding all assets, rights and obligations related to the large-scale biocarbon production facility at Hønefoss.