Information  X 
Enter a valid email address

D1 Oils Plc (NEOS)

  Print      Mail a friend       Annual reports

Wednesday 26 April, 2006

D1 Oils Plc

D1 Oils Q1 2006 Update

D1 Oils Plc
26 April 2006

                  D1 Oils Q1 2006 Planting and Refining Update

                 Over 42,000 hectares planted by 31 March 2006
                          refinery deployment on track

26 April, 2006 - London

D1 Oils plc (D1), the UK-based global producer of biodiesel, announces its
quarterly agronomy and refining update for the first quarter ended 31 March


Up to 31 March 2006 D1 has planted or obtained the rights to offtake from
plantings of a total of 42,100 hectares of  jatropha worldwide. This represents
an increase of 5,100 hectares on our total planting of 37,000 hectares up to 18 
March as announced in our full year results on 28 March.

The position at 31 March is summarised in the table below:

                  Managed     Contract     Seed purchase and oil supply    Total
              plantations      farming               agreements

India                   -       10,300                        16,100    26,400

Southern            4,900            -                             -     4,900

South East              -        8,800                         2,000    10,800

     Total          4,900       19,100                        18,100    42,100

Managed plantations are those farms where the land and labour is directly
controlled by D1. In contract farming individual farmers purchase seed and
seedlings from and enter into offtake agreements with D1. Trees are planted on
the farmers' own land. Typically planting is supported by bank finance without
recourse to D1 but facilitated by D1's offtake arrangements. Seed purchase and
oil supply agreements represent offtake contracts over existing jatropha


The first two D1 20 production units are currently undergoing commissioning at
our new refinery centre in  Middlesbrough. Two further units are due to be
delivered for commissioning in May and June respectively. We expect all  four
units to be in full production by the Autumn. The D1 20 has a capacity of 8,000
tonnes per annum and has been  successfully tested on a range of feedstocks
including rapeseed, soy, palm and jatropha. The deployment of the first  cluster
of four units will give our Middlesbrough site a total full production capacity
of 32,000 tonnes a year. We are  confident that we will produce a further five
D1 20 units to meet our target of nine by December 2006.

Elliott Mannis, Chief Executive Officer of D1 Oils, commented: 'We are pleased
to have achieved a total of 42,100 hectares planted by the end of the first
quarter. The main planting activity during the second quarter will be in
Southern Africa, where the planting season is underway, and in South East Asia,
where planting by our partners is proceeding well. Our refinery deployment
programme is on track and within budget, and we are excited at the prospect of
getting the first D1 20 into full production shortly.'


D1 Oils:

Graham Prince, Head of Corporate Communications

Tel: +44 (0) 1642 755580

Mobile: +44 (0) 7973 323840

Brunswick Group:

Helen Barnes, Associate Partner

Tel: +44 (0) 20 7404 5959

Notes to Editors

D1 Oils plc is a UK-based global producer of biodiesel. We are building a global
supply chain and network that is sustainable and delivers value from
'earth-to-engine'. Our operations cover agronomy, refining and trading. We are
pioneering the science, planting and production of inedible vegetable oils; we
design, build, own, operate and market biodiesel refineries; and we source,
transport and trade seeds and seedlings, seedcake, crude vegetable oils and
biodiesel. Our vision is to be the world's leading biodiesel business.

                      This information is provided by RNS
            The company news service from the London Stock Exchange