80 Mile PLC (LSE:80M) has strengthened its position in the European renewable energy sector by signing three strategic Memorandums of Understanding (MOUs) with major industry players — including a Fortune 500 company, Ludoil Energia, and JEnergy. These agreements will secure a stable flow of renewable feedstocks for its Ferrandina biofuels plant and guarantee half of the facility’s production capacity.
The deals mark a major step in positioning the Ferrandina plant as a central hub in Europe’s low-carbon energy transition, supporting the production of sustainable fuels to meet rising demand. In a further strategic move, the company also acquired full ownership of Hydrogen Valley, reinforcing its role in the renewable fuels supply chain and expanding its operational control.
More about 80 Mile PLC
80 Mile PLC is an exploration and development company listed on AIM, FSE, and OTC. Focused on renewable energy solutions, it operates the Ferrandina biofuels facility in southern Italy, producing sustainable aviation fuel (SAF), hydrotreated vegetable oil (HVO), and biodiesel — all in high demand across Europe’s energy markets.
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