Fusion Fuel Green PLC Signs Definitive Joint Venture Agreement with Alien Fuel for Landmark Industrial Decarbonization Project in South Africa

Core Viewpoint - Fusion Fuel Green PLC has established a joint venture with Alien Fuel to develop the Biosteam Energy project aimed at decarbonizing the Fairfield Dairy facility in South Africa, utilizing biomass technology to replace fossil fuel systems [1][2][6]. Joint Venture Agreement - Fusion Fuel will hold a 51% stake in Biosteam Energy, while Alien Fuel will retain 49% [2]. - The joint venture will manage the financing, construction, and operation of a biomass-powered steam generation system to replace the existing fossil-fuel boiler at Fairfield Dairy [2]. - The new system will utilize carbon-neutral wood pellets from waste biomass, targeting reductions in Scope 1 and Scope 2 carbon emissions [2]. Financial Aspects - Fusion Fuel will provide a loan of R10 million (approximately €480,000) to fund the management and administration of Biosteam Energy [3]. - Biosteam Energy is expected to generate recurring revenues through a steam supply agreement with Fairfield Dairy and additional income from carbon credits [3]. Future Opportunities - The Joint Venture Agreement grants Fusion Fuel a right of first refusal for new projects within Biosteam Energy's scope, particularly in green and sustainable energy [4]. - The agreement reflects the culmination of prior discussions and agreements, indicating a strategic move towards industrial decarbonization [5]. Management Commentary - The CEO of Fusion Fuel highlighted the joint venture as a significant milestone in the company's expansion strategy and its role in the industrial decarbonization market [6]. - The Director of Alien Fuel emphasized the alignment of technology and vision between the two companies, showcasing the commercial viability of sustainable biomass energy solutions [6]. Additional Updates - Ongoing discussions regarding the acquisition of a UK fuel distribution company were mentioned, with negotiations expected to continue [7]. - An Extraordinary General Meeting is scheduled for November 7, 2025, to seek shareholder approval for increasing authorized share capital to support potential acquisitions [8][9].