Business
Greenswitch Memorandum of Understanding with Tecnoparco 80 Mile Moves to 49% Interest in Hydrogen Valley
80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE listed and OTC traded exploration and development Company, is pleased to provide an update on Greenswitch Srl ('Greenswitch'), a subsidiary of Hydrogen Valley Ltd ('Hydrogen Valley' or 'HV') in which 80 Mile has an interest. The Company also announces its increased interest in Hydrogen Valley to 49%.
About this update from 80 Mile Plc
[{"type":"text","content":"LONDON, July 9, 2025 /PRNewswire/ -- 80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE listed and OTC traded exploration and development Company, is pleased to provide an update on Greenswitch Srl ('Greenswitch'), a subsidiary of Hydrogen Valley Ltd ('Hydrogen Valley' or 'HV') in which 80 Mile has an interest. The Company also announces its increased interest in Hydrogen Valley to 49%.","length":437,"tagName":"p"},{"type":"image","alt":"80 Mile PLC (PRNewsfoto/80 Mile PLC)","displaySize":"","headline":null,"caption":"80 Mile PLC (PRNewsfoto/80 Mile PLC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/94c818d537de929f9c788597de29cde0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kc0bysPaLQZKB9WMk6ri_w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/94c818d537de929f9c788597de29cde0","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2685043/80_Mile_PLC_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Greenswitch Memorandum of Understanding with Tecnoparco","length":55,"tagName":"p"},{"type":"text","content":"Greenswitch has signed a Memorandum of Understanding ('MOU') with Tecnoparco Valbasento ('Tecnoparco') for the procurement of up to 40,000 tonnes per year ('tpa') of biofuel from Greenswitch, for use in its cogeneration units. At present, Tecnoparco imports palm oil from outside of Italy, so this agreement would not only shorten the supply chain and reduce Tecnoparco's shipping costs, but also help to increase its sustainability credentials by moving away from palm oil. The MOU is in respect of an initial 40,000 tpa of biofuel, but this number could increase if Tecnoparco decides to include its affiliate industrial operators.","length":661,"tagName":"p"},{"type":"text","content":"Tecnoparco is a multi-utility focused on providing services and utilities to its industrial customers based in the Region of Basilicata. Services include water treatment, and the supply of natural gas, electricity, steam, and other products. Tecnoparco was formed in 1990 as a public-private endeavour to help promote the development of industry in the Valbasento area of Basilicata. The company ...