80 Mile PLC said its Italian biodiesel unit, operated by subsidiary Greenswitch S.r.l., has secured dual sustainability certifications from the Italian National Sustainability Scheme (INS) and the International Sustainability and Carbon Certification (ISCC).
The Ferrandina plant in Basilicata, southern Italy, is completing final maintenance ahead of commercial production of biodiesel and other renewable fuels. The certifications validate compliance with EU and Italian regulations on traceability, sustainability, and greenhouse gas reductions, enabling Greenswitch to qualify for Italy's double-counting mechanism under the GSE-administered Certificati di Immissione in Consumo regime.
The plant's products are now eligible for a price premium of €300 to €500 per ton, depending on feedstock and greenhouse gas savings, according to market benchmarks. 80 Mile, listed on the London AIM, Frankfurt Stock Exchange (S5WA), and US OTC market (BLLYF), operates the facility through Hydrogen Valley, a subsidiary focused on renewable energy projects in Greenland, Finland, and Italy.
Mark Frascogna, Managing Director of Hydrogen Valley, said the certifications represent a significant validation of the Greenswitch team's work.
