80 Mile PLC, listed on the AIM, FSE and OTC markets, has announced a series of major commercial developments concerning its biofuels facility located in Ferrandina, southern Italy. The company has finalised an agreement to increase its stake in Hydrogen Valley, the entity owning the plant, to 100 %, thereby consolidating operational control over its biodiesel and sustainable aviation fuel (SAF) production capacity.
Secured supply with a global energy player
Through its subsidiary Greenswitch Srl, 80 Mile PLC has signed a strategic memorandum of understanding with an integrated energy group ranked in the top 10 % of the Fortune 500. The agreement secures the annual delivery of 80,000 tonnes of renewable feedstocks, including both crude and refined Palm Oil Methyl Ester (POME), as well as repurposed used cooking oil (RUCO). Shipments will begin on 1 November 2025 to the Port of Taranto, located approximately 70 kilometres from the Ferrandina site.
This supply agreement ensures the availability of key feedstocks for biodiesel and SAF production, providing critical logistical stability to the operation. The contract strengthens Ferrandina’s commercial model and confirms its role within the European biofuels production chain.
Tolling agreement with Ludoil Energia covering half the plant capacity
A second memorandum of understanding has been signed with Ludoil Energia S.r.l., based in Civitavecchia. The agreement sets out a tolling framework under which Ludoil will supply the raw materials and Hydrogen Valley will be responsible solely for processing. No upfront feedstock purchases will be required, significantly reducing working capital risk.
The tolling model is projected to generate approximately €8mn ($8.5mn) in annual net profit from half of the production capacity, with a full utilisation scenario estimated at €24mn ($25.5mn). The plant restart is planned for December 2025, with full-scale production beginning in January 2026.
Additional supply secured with JEnergy and long-term growth prospects
A third agreement was concluded with JEnergy S.p.A, a Rome-based company specialising in biofuels. The deal provides for the short-term supply of 10,000 tonnes of biodiesel per year starting in January 2026, alongside additional bioliquids. Discussions are underway to expand cooperation to include SAF and hydrotreated vegetable oil (HVO) from 2027 onwards.
With these agreements, 80 Mile PLC secures expected profitability at Ferrandina, which has a nameplate capacity of 150,000 tonnes per year. Current partnerships cover 80 % of that capacity through a combination of feedstock supply and tolling commitments.
