RE: Production19 Jan 2026 10:12
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:
o Plant restart planned for December 2025 with full production in January 2026
o 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.
· Short-term framework for the supply of biodiesel and bioliquids
· Longer-term discussions on SAF and HVO supply
· Supply schedule:
o Start of biodiesel supply: January 2026