What Vow Green Metals does

Arbion Industries (formerly Vow Green Metals) is a Norway-based, Oslo-headquartered biocarbon production company that builds, owns, and operates advanced pyrolysis facilities to convert biomass into carbon-neutral biocarbon for the metallurgical industry and other hard-to-abate industrial sectors. Its core technology is the Biogreen electric-powered pyrolysis reactor licensed from Vow ASA, which distinguishes the company from fossil-fuel-based competitors by enabling carbon-neutral operation when paired with renewable electricity. The company operates four project sites in Norway: an Early Production Line at Hønefoss (2,500 tpa, operational since Q1 2024); a large-scale Hønefoss facility (20,000 tpa, phased H2 2025/H1 2026); Viken Park in Fredrikstad (30,000 tpa, EU Innovation Fund-backed); and the Eiktyr Industrial Park project in Orkland (30,000 tpa, circular industry supercluster). Combined pipeline capacity exceeds 80,000 tpa, with an ambition to reach 200,000 tpa across Europe by 2030.

The business model is B2B enterprise sales of biocarbon under long-term supply agreements to metallurgical offtakers, with Elkem and Outokumpu as anchor customers absorbing the entire near-term Hønefoss large-scale output. A secondary revenue stream comes from selling surplus process energy to district heating networks via Vardar Varme, and the company monetizes bio-oil byproducts. The company is privately held and backed by HitecVision (private equity), Vardar, and Skagerak Energi as financial investors, with Siva holding the Hønefoss real estate through Siva Treklyngen Eiendom AS. Distribution is direct enterprise sales; pricing is contractually undisclosed.

The company recently rebranded from Vow Green Metals to Arbion Industries in December 2025, appointed Thomas Skadal as CEO in June 2026 (with Bjørn Kolbjørnsen as COO/interim CEO), and is pursuing a multi-facility European expansion strategy supported by non-dilutive EU funding and industrial offtake commitments. It has 11-50 employees and is listed on the Frankfurt Stock Exchange under ticker 9G5.

Name

Vow Green Metals

Legal name

Arbion Industries

Website

https://vowgreenmetals.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Arbion Industries (formerly Vow Green Metals) is a Norway-based biocarbon producer building and operating electric-powered pyrolysis facilities to deliver carbon-neutral biocarbon to metallurgical and hard-to-abate industrial customers under long-term supply agreements.

Ownership category

akta.pro rank

Product category

Industrial Biocarbon

NAICS

Petroleum and Coal Products Manufacturing (3241), Petrochemical Manufacturing (32511)

SIC

Miscellaneous Products Of Petroleum & Coal (2990), Industrial Organic Chemicals (2860)

akta.pro primary industry

Bio-based Carbon Products & Advanced Bioproducts (Biochar, activated carbon, carbon black alternatives) (EUAAAIAM)

akta.pro secondary industries

Gasification & Pyrolysis-to-Power (Waste/Biomass Advanced Thermal) (EUACAIAL), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)

Keywords

• Biocarbon production
• Metallurgical materials
• Industrial decarbonization
• Pyrolysis technology
• Carbon-neutral products

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Biocarbon sales: Sale of biocarbon produced from biomass pyrolysis to metallurgical industry customers under long-term supply agreements. Production capacity sold out for coming years.
2. Surplus energy sales: Sale of surplus energy from pyrolysis process to local district heating networks through partners like Vardar Varme.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Vow Green Metals develops, owns and operates industrial-scale biocarbon production facilities that convert biomass into biocarbon and bio-oil via electric-powered Biogreen pyrolysis. Its core offering is renewable biocarbon sold under multi-year supply agreements to metallurgical and hard-to-abate industrial customers (notably Elkem and Outokumpu), with ancillary sales of surplus process energy to district heating networks.

Product overview

Arbion Industries (formerly Vow Green Metals) operates as an integrated biocarbon production platform with multiple production facilities across Norway. The company offers biocarbon as its core product, produced through advanced pyrolysis technology. The product portfolio includes an Early Production Line (2,500 tons p.a.) for testing and validation, a Large-Scale Hønefoss Facility (20,000 tons p.a.) for commercial delivery to industrial partners, the Viken Park Facility (30,000 tons p.a.) as a green-field biocarbon hub, and the Eiktyr Project (30,000 tons p.a.) as part of a circular industry supercluster. Combined near-term annual production capacity exceeds 80,000 tons of biocarbon, with ambition to reach 200,000 tons by 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• Biocarbon (core product) Carbon-neutral biocarbon produced from biomass via electric-powered Biogreen pyrolysis, sold under multi-year supply agreements to metallurgical customers (Elkem, Outokumpu) and other hard-to-abate industries as a renewable replacement for fossil carbon inputs.
• Early Production Line, Hønefoss Initial 2,500 tons-per-annum biocarbon production facility at Hønefoss, Norway, employing the Biogreen electric-powered pyrolysis reactor. Operational since Q1 2024 for industrial production, product sampling and process improvement.
• Hønefoss Large-Scale Biocarbon Facility Planned 20,000 tons-per-annum biocarbon plant at Hønefoss (phase 1: 10,000 tons p.a.), one of Europe's largest biocarbon facilities with an annual abatement potential of approximately 100,000 tons of fossil CO2. Entire capacity is pre-sold under long-term supply agreements to Elkem and Outokumpu.
• Viken Park Biocarbon Facility Greenfield 30,000 tons-per-annum biocarbon facility at Viken Park, Fredrikstad, funded in part by a EUR 26.2 million EU Innovation Fund grant, producing biocarbon, bio-oil, surplus heat and biogenic CO2 for surrounding industries.
• Eiktyr Industrial Park Project Planned 30,000 tons-per-annum biocarbon facility at Eiktyr Industrial Park in Orkland, Norway, forming part of a circular industry supercluster with partners Elinor Batteries, Norsk e-Fuel, Norsk Industriutvikling, Vala Bio and Green Move.

Quantifiable outcome

• 100,000 tons of fossil CO2 abatement per year from Hønefoss facility
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

13 partnerships are on record, tiered core and supporting.

• Vow ASAcoreTechnology or IntegrationTechnology partner providing Biogreen pyrolysis reactor technology and expertise. Vow ASA's pyrolysis technology is installed at the Hønefoss production facility and future plants.
• Treklyngen industriparkcoreStrategic or Co-development PartnerIndustrial park hosting the early production line and large-scale Hønefoss facility. Provides infrastructure and operational support for biocarbon production.
• Vardar VarmecoreStrategic or Co-development PartnerPartner for surplus energy distribution from Hønefoss facility to local district heating network, creating circular energy system.
• LindumsupportingStrategic or Co-development PartnerPartner in the Hønefoss large-scale project contributing to industrial ecosystem development.
• Carbon CentricsupportingStrategic or Co-development PartnerPartner in Viken Park project for carbon capture and utilization (CCU) aspects of the biocarbon facility.
• Viken ParkcoreStrategic or Co-development PartnerGreenfield industrial park in Fredrikstad hosting the 30,000-ton biocarbon facility. Arbion Industries' surplus energy will serve as clean-energy backbone for the industrial area.
• ElkemcoreChannel Partner/ Reseller/ DistributorGlobal provider of advanced silicon-based materials. Long-term biocarbon offtake customer under supply agreement, purchasing entire first phase production from Hønefoss facility.
• OutokumpucoreChannel Partner/ Reseller/ DistributorEuropean leader in stainless steel. Long-term biocarbon offtake customer under supply agreement, purchasing biocarbon production from Hønefoss facility.
• Elinor BatteriessupportingStrategic or Co-development PartnerPartner in Eiktyr Industrial Park project forming part of circular industry supercluster for battery production ecosystem.
• Norsk e-FuelsupportingStrategic or Co-development PartnerPartner in Eiktyr Industrial Park project contributing to circular industry supercluster for sustainable fuel production.
• Norsk IndustriutviklingsupportingStrategic or Co-development PartnerPartner in Eiktyr Industrial Park project for industrial development and circular economy initiatives.
• Vala BiosupportingStrategic or Co-development PartnerPartner in Eiktyr Industrial Park project contributing to bioeconomy and circular industry ecosystem.
• Green MovesupportingStrategic or Co-development PartnerPartner in Eiktyr Industrial Park project supporting green mobility and sustainable industrial transition.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Aemetis: US-listed renewable fuels and bioenergy company with cellulosic biofuels, renewable diesel, and biogas operations. Comparable as a public renewable carbon/fuels platform serving industrial decarbonization.
• Outokumpu: European leader in stainless steel and long-term biocarbon supply customer for Arbion. Represents the demand side of biocarbon substitution in steelmaking and is a key offtake counterpart.
• Stora Enso: Nordic forest products and biomaterials major investing in bio-based carbon, lignin, and renewable materials for industrial customers. Comparable as a large incumbent developing biomass-to-carbon solutions for hard-to-abate sectors.
• Elkem: Global producer of silicon-based materials and anchor biocarbon offtake customer for Arbion's Hønefoss large-scale facility. Operates in the same metallurgical value chain and is a key demand-side counterpart.

Direct peers

• Vow ASA: Provider of the Biogreen pyrolysis reactor technology installed at Arbion's Hønefoss facility. Direct technology counterpart in industrial-scale pyrolysis for biocarbon and bio-oil production.
• BioCarbon Products: Producer of biochar and biocarbon from forestry and agricultural residues for industrial applications including metallurgical use cases. Directly comparable in feedstock-to-carbon process and customer base.
• SunCarbon: Swedish biocarbon producer serving metallurgical and industrial customers with pyrolysis-based carbon products. Comparable technology approach and target markets.

Emerging players

• UPM Biofuels: Developer of advanced biofuels from forest residues and biomaterials producer. Adjacent in biomass-to-product chemistry and serves overlapping industrial decarbonization customers.
• Origin Materials: US-listed biomass-to-chemicals platform producing bio-based materials and carbon-negative intermediates. Comparable as a publicly-traded biomass-to-carbon chemistry platform.
• Carbon Clean: Industrial carbon capture technology provider addressing hard-to-abate sectors. Thematically adjacent as a decarbonization enabler for the same metallurgical customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vow Green Metals