80 Mile PLC Secures 3 Strategic MOUs with Fortune 500 Energy Group, Ludoil,

80 Mile PLC (’80M’ or the ‘Company’), the AIM, FSE, and OTC listed exploration and development company, is proud to announce a series of major commercial developments at its Ferrandina biofuels facility in southern Italy, (“Ferrandina”) underscoring the strong and growing demand for sustainable aviation fuel (“SAF”), hydrotreated vegetable oil (“HVO”), and biodiesel across Europe.

80M Assumes 100% Ownership of Hydrogen Valley:

The Company and Hydrogen Valley (“HV”) have agreed to revised terms (“Revised Terms”) to the acquisition agreement announced 19^th December 2024 (https://80mile.com/regulatory-news/75603) governing the Ferrandina ownership structure. Under the new arrangement, 80 Mile will increase its interest in HV to 100%. Further details to the Revised Terms are noted below.

New MOUs:

Strategic MOU with Fortune 500 Energy Company:

In a landmark step, the Company’s 100%-owned Greenswitch Srl (“Greenswitch”) has signed a Memorandum of Understanding (“MOU”) with one of the World’s largest integrated energy companies (the “Group”), a publicly listed business ranked in the top 10% of the Fortune 500. This entity is a globally recognised, vertically integrated, leader in refining, petrochemicals and logistics.

Under the terms of the MOU, the Group will supply up to 80,000 tonnes per annum (“tpa”) of renewable feedstocks to the Ferrandina plant beginning 1 November 2025. These will include Palm Oil Methyl Ester (“POME”), both crude and refined, as well as Repurposed Used Cooking Oil (“RUCO”), delivered to the port of Taranto, approximately 70 kilometres (“km”) from the facility.

This guaranteed supply strengthens Ferrandina’s commercial model, ensuring reliable input for the production of biodiesel and SAF while positioning Greenswitch as a cornerstone in Europe’s transition to low-carbon energy.

Tolling MOU with Ludoil Energia – 50% of Plant Capacity Secured:

Greenswitch has signed an MOU with Ludoil Energia S.r.l. (“Ludoil”), based in Civitavecchia, Italy.

• The agreement sets the framework for a biodiesel tolling arrangement, under which Ludoil will provide feedstock and HV will generate revenue solely from processing.
• No upfront feedstock purchases are required, eliminating working capital risk.
• The tolling structure is estimated to generate approximately €8 million net profit per year for HV. The other 50% of the capacity is estimated to be double that for total of €24 million net (assuming full production)
• The MOU provides for:
  • Plant restart planned for December 2025 with full production in January 2026
  • Annual quantities: 80,000 tpa of biodiesel in the short term, and 40,000 tpa of SAF longer term

With 80,000 tpa already secured under this tolling framework, Ludoil alone covers 50% of the Ferrandina plant’s permitted 150,000 tpa capacity, giving the Company clear revenue visibility and validating the site’s strategic importance.

MOU with JEnergy S.p.A

Hydrogen Valley has also signed an MOU with JEnergy S.p.A (“JEnergy”), headquartered in Rome, Italy.