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D1 Oils Plc (NEOS)

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Friday 05 November, 2010

D1 Oils Plc

D1 Oils Secures Important UK

RNS Number : 7129V
D1 Oils Plc
05 November 2010
 

 

Friday, 5 November, 2010

 

 

D1 Oils Plc Secures Important UK Patent on Jatropha

 

The Board of D1 Oils plc, an alternative energy company, today announces that the Group has secured a UK patent to detoxify Jatropha so that it can be used as an animal feed.

The patent, granted by the UK Intellectual Property Office on 3rd November 2010, covers a process for the co-extraction of oil and a protein-rich seedcake, with the anti-nutritional factors removed, ideally suited for use as animal feed. D1 Oils has been conducting a research programme during the last four years to enhance the value of the Jatropha business model.

The seedcake has higher protein content than soya bean meal and should achieve at least price parity with it in the marketplace. Soya meal is normally priced at over $300/T and thus the innovation would reduce future production costs of crude Jatropha oil by more than 30%

Martin Jarvis, Chief Executive Officer, said:

"This is a major milestone in our programme. The ability to use a by-product for animal feed will dramatically improve the economics of growing Jatropha. We will now be up-scaling our process for full commercial use."

For further information please contact: 

 

Brunswick Group


Kevin Byram


Saadia McGlinchey

+ 44 (0) 20 7404 5959

 

 

 


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