Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

D1 Oils Plc (NEOS)

  Print      Mail a friend       Annual reports

Monday 24 January, 2005

D1 Oils Plc

Expansion in India

D1 Oils Plc
24 January 2005

24 January 2005



D1 Oils plc ('D1 Oils'), the UK based low cost producer of bio diesel, today
announces the acceleration of its targets for the planting of Jatropha in India
by its joint venture company, D1 Mohan Bio Oils Limited ('D1 Mohan'). D1 Oils
also announces new third party off take agreements in India for the supply of
crude Jatropha oil through to 2015.

The main points are as follows:

  • a twenty fold increase in the targeted planting of Jatropha in India
     during the course of 2005;

  • reconfirmation of the medium term target to plant a total of 5 million

  • farmers to purchase seedlings and planting materials from D1 Mohan
    through local bank financing, providing D1 Mohan with additional revenue and 
    enabling a more rapid expansion due to lower working capital requirements;

  • D1 Oils option to export up to 25 percent of the oil produced by D1

  • additional Jatropha oil supply contracts for export, independent of D1
    Mohan, totaling 10,000 tonnes per annum in 2006 rising to 50,000 tonnes per
    annum by 2009.

The new targets agreed by D1 Mohan are for the planting of 100,000 hectares of
Jatropha in India in 2005. This is a significant increase over the 5,000
hectares estimate used at the time of D1 Oils' admission to AIM last year. Given
this increase, D1 and its joint venture partner will monitor closely the
progress made throughout the year paying particular attention to the
availability of quality planting seed. Once mature, this initial planting should
yield approximately 250,000 to 300,000 tonnes of crude Jatropha oil per annum.
D1 Mohan has also reaffirmed its medium term objective of planting 5 million
hectares of Jatropha.

In addition, the operational model has changed such that contract farmers will
now purchase seedlings and planting materials from D1 Mohan financed by local
banks. At the time of D1 Oils' admission to AIM, it was assumed these supplies
would be provided free of charge. This alteration provides D1 Mohan with
additional revenue and enables the business to expand more rapidly as the
working capital requirements for each hectare are reduced.

D1 Oils now has the option to export 25 per cent of the crude Jatropha oil
produced by D1 Mohan for sale to international customers. Previously, all crude
Jatropha oil produced by D1 Mohan was to be retained for domestic bio diesel

D1 Oils has also entered into a number of ten-year crude Jatropha oil supply
agreements with independent suppliers. These supply agreements are in addition
to those detailed in its AIM admission document and separate from the targets
agreed by D1 Mohan. D1 Oils anticipates that these new contracts will provide an
additional 10,000 tonnes per annum of crude Jatropha oil for export in 2006,
rising to 50,000 tonnes per annum in 2009 which will more than double its supply
of crude oil from such supply arrangements.

It is premature to forecast accurately revenues arising from these additional
volumes as the markets for bio diesel in India and crude Jatropha oil
internationally are in the early stages of development. The revenues will also
depend on the extent to which D1 Oils exercises its option to acquire oil from
D1 Mohan. Nevertheless, order of magnitude figures can be assessed. The initial
100,000 hectares planted by D1 Mohan could in due course produce revenues for
the joint venture in the order of $100m per annum. Revenues for D1 Oils arising
from the new third party supply agreements could rise to the order of $25m per
annum. These potential revenues are dependent on a number of factors and should
not be interpreted as a profit forecast.

Philip Wood, Chief Executive Officer of D1 Oils commented that:

'The new arrangements transform our ability to expand at a much faster rate as a
result of lower constraints on working capital required for developing
large-scale plantations. We are extremely pleased with the progress we are
making in India and the commitment of our joint venture partner, Mohan Breweries
in helping D1 Oils establish itself as the market leading brand in the biodiesel
industry in India.'

M. Nandagopal, Chairman of Mohan Breweries & Distilleries Limited, commented

'We are delighted to be working with D1 Oils as our partner in India. We have
strong support from the Indian Government at all levels and are confident our
business has the potential to contribute to the security and independence of the
domestic energy supply in India. Our joint venture provides a major contribution
to the rural economy whilst having the potential to become a highly profitable
and expanding business.'


Philip Wood         D1 Oils plc     020 7321 3885

David Cunningham    Bell Lawrie     0141 314 8105

Kevin Byram/
Gill Ackers         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 bio diesel and other valuable by-products from the vegetable oil.

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

a d v e r t i s e m e n t