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D1 Oils Plc (NEOS)

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Thursday 07 April, 2011

D1 Oils Plc

Siemens undertaking trials - D1 crude Jatropha oil

RNS Number : 4945E
D1 Oils Plc
07 April 2011
 

D1 Oils plc ("D1" or the "Company")

 

Siemens undertaking trials of D1 crude Jatropha oil ("CJO")

 

D1 announces that Siemens, one of the world's leading manufacturers of gas turbines, are conducting a trial in the coming week, on behalf of a third party, which involves using CJO to fuel turbines installed on a high speed ferry.

 

This is one of three trials being undertaken by three separate European multinational businesses, for which D1 has recently supplied over 70 tonnes of CJO. The other trials involve a major FMCG business using CJO to generate power and a leading specialty chemicals business converting CJO into bio-based products.

 

The Directors believe that successful trialling may lead to offtake deals for a large proportion of D1's planned harvest for next season and beyond.

 

Martin Jarvis, CEO, commented: "Demand for the CJO, both in India and globally, continues to significantly exceed supply. We welcome the interest of these large, European multinationals looking to replace their existing oil requirements with CJO due to its sustainability credentials, attractive pricing and carbon reduction benefits versus mineral fuel oils."

 

 

For further information please contact:

 

D1 Oils Plc                      +44 (0) 20 7936 9104

Martin Jarvis 

Chief Executive Officer

 

WH Ireland                     + 44 (0) 20 7220 0470

Chris Fielding

 

Brunswick Group           + 44 (0) 20 7404 5959

Kevin Byram

Rosheeka Amarasekara

 


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