In the UK, 80 Mile plc notes the announcement by Hydrogen Valley Ltd regarding an exclusive consultancy agreement signed between Hydrogen Valley’s subsidiary, Greenswitch srl and Mendelsohn Development Agency, in order to progress financing initiatives for Greenswitch. As first announced on December 19, 2024, 80 Mile has the option to acquire up to a 100% interest in Hydrogen Valley. As announced on January 16, 2025, the Company has moved to Stage two of the acquisition, resulting in the acquisition of a 24% interest in Hydrogen Valley.
The Company remains confident of plant restart in the coming weeks once feedstock materials are received. The plant, which was closed during 2018 for refurbishment, is now ready for complete restart and full production ramp up expected in Q3 2025. The Company expects to provide updates on feedstock supply and offtake agreements for biofuels in the next two to four weeks as well as a detailed operation update.
In addition to the restart of the plant, Hydrogen Valley has been exploring various grant funding and other financial incentives and in this regard is pleased to advise the appointment of Mendelsohn.
Tags: 80 Mile, Hydrogen Valley Ltd, UK
Category: Fuels
