80 Mile increases its stake in Hydrogen Valley to 49% and signs an agreement with Tecnoparco
80 Mile announces that it has increased its stake in Hydrogen Valley to 49% and signed a memorandum of understanding with Tecnoparco for the supply of 40,000 tonnes of biofuel per year, aiming to reduce palm oil dependency.
| Countries | Royaume-Uni, Italie |
|---|---|
| Sector | Réseaux chaleur, Énergie Hydrogène, Cogénération biomasse |
| Theme | Investissements & Transactions, Investissement entreprise |
80 Mile PLC, an exploration and development company listed on the AIM, today announced a significant expansion of its investment in Hydrogen Valley, increasing its stake to 49%. This move follows a renegotiation of the terms of its Stage 3 option, reducing the cost of the transaction to £380,000, through the activation of a £380,000 working capital loan provided to Hydrogen Valley.
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