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D1 Oils Plc (NEOS)

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Thursday 05 October, 2006

D1 Oils Plc

D1 Oils Offtake Deal

D1 Oils Plc
05 October 2006


5th October, 2006

            D1 Oils Concludes First Major Offtake Deal for Biodiesel

D1 Oils plc (D1), the UK-based global producer of biodiesel, has concluded its
first major UK offtake contract for biodiesel. The contract covers the sale of
approximately 24,000 tonnes of biodiesel over a twelve month period to 
Petroplus Refining Teesside Limited, a division of Petroplus, the UK's largest
independent refiner of crude oil and distributor of petroleum products.
Petroplus has a leading position in the UK commercial diesel market and is a
major supplier of biodiesel through its Bio-plus branded fuel.

This contract accounts for approximately three quarters of the first commercial
product from D1's newly commissioned D1 20 refineries now operating in
Middlesbrough. D1 currently has 32,000 tonnes of operating refining capacity in 
Middlesbrough and expects to expand UK production capacity to 320,000 tonnes by
the end of 2007 and 420,000 tonnes by the end of 2008. The first deliveries to
Petroplus are expected to take place before the end of the year.

Elliott Mannis, D1's Chief Executive Officer, stated:

'We are proud to announce our first major UK offtake contract for biodiesel and
to welcome Petroplus as our first major client. All four of our Middlesbrough
refineries are now in beneficial operation and producing biodiesel for sale. We 
are delighted that our commercial product will be supplied to the market under
one of the UK's established biodiesel brands. We aim to conclude further
agreements in due course to sell out the balance of production of the Teesside
site, which we have brought to full commercial operation in less than six
months.'

Stephen Thomason, Marketing Director of Petroplus Refining Teesside Ltd stated:

'Petroplus is very pleased to have concluded an offtake agreement with a local
biodiesel manufacturer in the North East. We are looking forward to a
successful working relationship with D1 Oils plc.'

Contacts

D1 Oils:
Graham Prince, Head of Corporate Communications
Tel: +44 (0) 1642 755580
Mobile: +44 (0) 7973 323840

Brunswick Group:
Kevin Byram / Mark Antelme
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