Greenswitch to Secure Long-Term Feedstock and Product Offtake for Ferrandina Plant

(80 Mile) 80 Mile PLC ('80 Mile' or the 'Company'), the AIM, FSE, and OTC listed exploration and development company, is pleased to announce the signing of a Memorandum of Understanding ('MOU') between Greenswitch Srl ('Greenswitch'), a subsidiary of Hydrogen Valley Ltd, in which 80 Mile holds a 49% interest, and NACATA Commodities ('NACATA'), a leading renewable energy distributor.

The MOU outlines a potential five-year supply and offtake agreement for the Ferrandina plant in southern Italy, under which NACATA would supply up to 120,000 metric tonnes per annum ('tpa') of feedstock and purchase and distribute the resulting end products. These include an expected 40,000tpa of esterified bioliquid and 80,000tpa of biodiesel.

The agreement aligns with Greenswitch's top-tier sustainability certifications and compliance with internationally recognised operating standards, including ISO and ISCC certifications. The biodiesel will be produced to EN 14214 specifications, ensuring it meets the highest global quality standards.

The Ferrandina plant, fully permitted and recently refurbished, is capable of refining secondary feedstocks including palm oil mill effluent, used cooking oil, animal fats, and acid oils. These capabilities position the plant at the forefront of Europe's renewable fuel infrastructure, supporting growing demand for biodiesel and sustainable aviation fuel.

This strategic MOU strengthens Greenswitch's supply chain and reinforces its ambition to establish the Ferrandina plant as a key player in European biofuel production. The Company remains optimistic about finalising the agreement and views the plant as a cornerstone asset in its portfolio.

Eric Sondergaard, Managing Director of 80 Mile, commented: "We are incredibly excited about our partnership with NACATA, which is central to realising the full potential of the Ferrandina plant. With a secure, long-term supply and distribution framework, this MOU significantly enhances Greenswitch's ability to deliver high-quality renewable energy products to the European market."

Greenswitch S.r.l. is a trailblazer in the renewable energy sector, dedicated to producing high-quality biofuels that meet global energy needs while prioritising environmental stewardship. The Ferrandina plant is a state-of-the-art facility driving the transition to a sustainable, low-carbon economy.

80 Mile Plc, listed on the London AIM market, Frankfurt Stock Exchange, and the U.S. OTC Market under the ticker BLLYF, is an exploration and development company focused on high-grade critical metals in Tier 1 jurisdictions. With multiple projects in Greenland, as well as a developing industrial gas and biofuels business in Italy, 80 Mile offers both portfolio and commodity diversification focused on base metals, precious metals, and industrial gas while expanding into sustainable fuels and clean energy solutions in Tier 1 jurisdictions. 80 Mile's strategy is centred on advancing key projects while creating value through partnerships and strategic acquisitions.

80 Mile's recent acquisition of White Flame Energy and the Jameson licenses expands its portfolio into the energy and gas sector, adding large-scale licenses for industrial gas, natural gas, and liquids in East Greenland. Approved by shareholders in July 2024, this acquisition diversifies the Company's assets and aligns with its strategy to contribute to sustainable energy solutions, while also exploring conventional energy resources. READ MORE / MORE