80 Mile PLC Expands Biofuels Portfolio with Three Strategic MOUs and Full Ownership of Ferrandina Plant
80 Mile PLC has announced a major step forward in its renewable energy strategy, securing three key Memoranda of Understanding (MOUs) and taking full ownership (100%) of the Ferrandina Biofuels Plant in Italy.
Through its wholly owned subsidiary Greenswitch, the company signed an MOU with a Fortune 500 energy firm for the supply of up to 80,000 tonnes per annum of renewable feedstocks, marking a significant commercial milestone for the group.
A tolling MOU with Ludoil Energia will utilise 50% of the plant’s capacity, generating an estimated €8 million in annual net profit for Hydrogen Valley (HV). The remaining capacity is expected to deliver twice that amount, bringing total projected net profit to around €24 million per year.
In addition, 80 Mile signed a third MOU with JEnergy S.p.A., covering the supply of 10,000 tonnes per annum of biodiesel starting January 2026, further strengthening its downstream partnerships.
To complete the acquisition of Hydrogen Valley, the company issued 220,000,000 new ordinary shares to Greendome and made a €100,000 cash payment, with additional deferred consideration to follow. Hydrogen Valley reported a post-tax profit of £1,899,205, reinforcing the earnings potential of this acquisition.
The move consolidates 80 Mile PLC’s position in the European renewable fuels market, aligning with its long-term goal of becoming a key player in the global energy transition.
