Greenswitch to Secure Feedstock and Offtake
30 July 2025
Greenswitch to Secure Long-Term Feedstock and Product Offtake for Ferrandina Plant
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."
About Greenswitch S.r.l
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.
For further information please visit http://www.80mile.com or contact:
|
Eric Sondergaard |
80 Mile plc |
enquiry@80mile.com |
|
Ewan Leggat / Adam Cowl |
SP Angel Corporate Finance LLP |
+44 (0) 20 3470 0470 |
|
Harry Ansell / Katy Mitchell / Andrew de Andrade |
Zeus Capital Limited (Joint Broker) |
+44 (0) 20 3829 5000 |
|
Megan Ray / Said Izagaren |
BlytheRay |
+44 (0) 20 7138 3204 |
About 80 Mile Plc:
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.
The Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland is a primary focus for 80 Mile, 100% owned by 80 Mile PLC. Seven priority targets exhibiting spatial characteristics indicative of potential deposits on a scale comparable to renowned mining operations such as Norilsk, Voisey's Bay, and Jinchuan, will be advanced by the Company.
The Dundas Ilmenite Project, 80 Mile's most advanced asset in northwest Greenland, is fully with a JORC-compliant Mineral Resource of 117 Mt at 6.1% ilmenite and an offshore Exploration Target of up to 530 Mt. Dundas is poised to become a major supplier of high-quality ilmenite. Recent discoveries of hard rock titanium mineralisation, with bedrock samples showing nearly double the ilmenite content of previous estimates, further enhance the project's world-class potential. 80 Mile owns 100% of the Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in Greenland.
In June 2025, 80 Mile entered into a definitive agreement to divest its 100% interest in the Kangerluarsuk zinc-lead-silver project in Greenland to Amaroq Minerals Ltd. Under the terms of the agreement, 80 Mile will receive US$500,000 in Amaroq Minerals shares upon completion, and US$1,500,000 in cash or shares upon the discovery of an economic deposit, as defined by a JORC or NI 43-101 compliant resource that supports development.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. No assurance can be given that the initial public offering will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as described in the offering prospectus. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
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