Fusion Fuel Green PLC and Alien Fuel Form Joint Venture for Industrial Decarbonization Project in South Africa
Fusion Fuel Green plc has signed a definitive Joint Venture Agreement with Alien Fuel (Proprietary) Limited to establish Biosteam Energy Proprietary Ltd for the Fairfield Industrial Decarbonization Project in Howick, KwaZulu-Natal, South Africa. Under the agreement, Fusion Fuel will hold a 51% ownership stake and provide initial funding of R10 million to support the management and administration of Biosteam Energy and the Fairfield Project. The joint venture aims to deliver measurable emissions reductions and long-term economic value by supplying sustainable biomass-based steam to Fairfield Dairy and generating additional revenue from carbon credits. Fusion Fuel also received a right of first refusal to participate in future projects within the scope of Biosteam Energy's business.
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