Vow secures contracts for key CHE technology

Vow ASA and its subsidiary, C. H. Evensen Industriovner AS , have recently been awarded three contracts worth a total of NOK 17 million, highlighting the significance of CHE's cutting-edge technologies.

The larger of the three contracts is a NOK 10 million front-end-engineering design (FEED) agreement for a major international pyrolysis project.?This project has the potential to pave the way for a process equipment contract that surpasses in size anything previously delivered by Vow, utilizing CHE's advanced pyrolysis technology.

“While the metal industry came first, we now see other industries embracing our large-scale pyrolysis solutions to an increasing degree. With this FEED contract, our customer has secured access to our expertise. We are keen and committed to providing all the support we can as they develop their project towards a final investment decision,” said Henrik Badin , CEO of Vow ASA.

Additionally, CHE has successfully secured two smaller contracts for the supply of its state-of-the-art electrical hot dip galvanizing furnace. These contracts are with a global market leader in material science, specializing in steel wire transformation and coating technologies. The furnaces are set to be delivered to the client's manufacturing facilities in Brazil and China.

CHE is part of Vow’s Industrial Solutions reporting segment. The contracts will be booked as order intake in the third quarter 2023.