D1 Oils Plc
05 May 2005
D1 Oils biodiesel land reclamation project launched in The Philippines by
May 5, 2005
D1 Oils plc ('D1 Oils'), the UK-based global low cost producer of biodiesel,
today announced an agreement between D1 Oils Asia Pacific, Inc., a wholly owned
subsidiary of D1 Oils, and Atlas Consolidated Mining and Development Corporation
('Atlas'), a leading Philippines mining and resource company. D1 Oils Asia
Pacific will collaborate with Atlas on a major project in the Philippines to
rehabilitate land previously degraded by mining through the cultivation of
jatropha, D1 Oils' feedstock of choice in the production of biodiesel.
President of the Philippines, Gloria Macapagal Arroyo, welcomed the mine
rehabilitation project. The President demonstrated the Philippine Government's
commitment to the project by planting the first seedling at the project site in
Toledo, Cebu Province. President Arroyo also supports D1 Oils' plans to
intercrop jatropha on coconut plantations in the Philippines to help meet the
Government's targets for the use of biofuels.
The project will use bioremediation, a means of restoring soil that has suffered
erosion and pollution in the mining process, by using jatropha to help replace
Jatropha was chosen not only due to its restorative qualities but also, and more
importantly, because of its advantages as a biofuel feedstock. The first stage
of the project is a five to seven hectare model farm and demonstration facility.
The ultimate objective is to plant jatropha on 7,000 hectares of degraded land
to produce fuel for power generation for off-grid mining facilities.
'We see the mining industry as a key partner for D1 Oils. The need to restore
degraded land around mines provides us with a great opportunity to demonstrate
the potential of jatropha to rehabilitate land while producing a source of green
energy for local communities.' said Philip Wood, Chief Executive Officer of D1
'Furthermore, the project will provide additional income and employment
opportunities for the rural poor, especially women. The project will serve as a
model for other mining remediation efforts throughout the world.'
Philip Wood D1 Oils plc 020 7321 3885
Kevin Byram/Anisha Patel Brunswick 020 7404 5959
Notes to editors:
D1 Oils plc is the owner of technical, marketing, logistical and other
intellectual property related to the establishment, development and harvesting
of jatropha plantations, the extraction of oil from the harvested seed and the
production of biodiesel and other valuable by-products from the vegetable oil.
This information is provided by RNS
The company news service from the London Stock Exchange