Azelio has completed a directed share issue of SEK 270 million
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.The Board of Directors of Azelio AB (publ) (“Azelio” or the “Company”) has, based on the authorization given by the annual general meeting on 14 May 2020, resolved on a directed issue of 12,300,000 new shares, corresponding to approximately 13 percent of the total number of
Elkem has decided to invest in a new biocarbon pilot plant in Canada. The project aims to secure industrial verification of Elkem’s technology for renewable biocarbon, with a long-term goal of contributing to climate-neutral metal production. The technology also has potential for application in other industry sectors, contributing to reduced CO2 emissions.The total investment for the pilot plant amounts to NOK 180 million. The project has received financial support from the Canadian government, the Québec government and the city of Saguenay, reducing Elkem’s net investment to NOK 60 million.
