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D1 Oils Plc (NEOS)

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Wednesday 08 November, 2006

D1 Oils Plc

Q3 2006 Business Update

D1 Oils Plc
08 November 2006

Press Release

                        D1 Oils Q3 2006 Business Update

8 November, 2006

D1 Oils plc (D1), the UK-based global producer of biodiesel, announces its
quarterly business update for the third quarter ended 30 September 2006.


Up to 30 September 2006, together with our joint venture partners, D1 has
planted or obtained the rights to offtake from plantings of a total of 114,313
hectares of jatropha worldwide. This represents an increase of 46,103 hectares
(67.5%) on the total planting of 68,210 hectares up to 30 June, as announced on
1 August, and an increase of 4,942 hectares (4.5%) on the total planting of
109,371 hectares up to 15 September, as announced on 27 September. The total
exceeds internal targets. The increase in the planting for the last two weeks of
September is accounted for by planting undertaken by seed and oil supply
partners in India, no planting having taken place during this time in South East
Asia due to regional holidays.

The bulk of the increase in planting for the quarter is accounted for by
operations in South East Asia, primarily in China and Indonesia, and in India,
where our joint venture with Williamson Magor has planted over 8,300 hectares.

The cumulative position at 30 September 2006 is summarised in the table below:

          Managed         Contract      Seed purchase and              Total
          plantations     farming       oil supply agreements

India     -               12,740        31,361                         44,101

Southern  5,155           -              2,000                          7,155

South     -               30,494        32,563                         63,057

Total     5,155           43,234        65,924                        114,313

Managed plantations are those farms where the land and labour is directly
controlled by D1. In contract farming undertaken with joint venture partners,
individual farmers purchase seed and seedlings from and enter into offtake
agreements with D1. Trees are planted on the farmers' own land. Seed purchase
and oil supply agreements represent offtake contracts over existing jatropha


D1 currently has 32,000 tonnes of operating refining capacity in Middlesbrough.
The Board plans to expand UK production capacity to 320,000 tonnes by the end of
2007 and 420,000 tonnes by the end of 2008, using both modular technologies,
including its new 10,000 tonne D1 20 and planned 50,000 tonne units, and by
converting existing facilities to biodiesel production. This significant
expansion will be made possible in large part by our proposed acquisition of a
new refining and distribution site at Bromborough in Merseyside. Completion of
the site purchase is anticipated by year end.


D1 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.
The first delivery of product to Petroplus was made on 26 October. Further
agreements with other parties to sell the balance of current production are in

At present, D1 is predominantly processing soya oil sourced from Latin America
to supply Petroplus and to supply other intended contracts that are presently in
negotiation. D1 expects the Petroplus supply contract to continue to be
profitable over the remainder of its term assuming that applicable exchange
rates and the inter-relationship between commodity prices follow historical
trends. As previously indicated, D1 anticipates that jatropha will become
available in material quantities from 2008 at a significant cost advantage
compared to the prevailing market values of other feedstock options. Prior to
this, the company's strategy is to produce and sell biodiesel sourced from other
vegetable oils to provide cash flow for the business.

Elliott Mannis, Chief Executive Officer of D1 Oils, commented:

'Our latest planting figures are a measure of the significant progress in
delivering on our business plan. The pace of  planting is ahead of our internal
expectations, and we are pleased to have expanded planting into new areas such
as  China. All four of our Middlesbrough refineries are now in beneficial
operation and producing biodiesel for sale. We  are increasing our refinery
capacity in the UK, and the scheduled acquisition of the Bromborough site is a
signal of  our intent to deliver on our vision to create a leading biodiesel
business. Our first major UK offtake contract for  biodiesel sales to Petroplus
is a further demonstration of our progress. We aim to conclude further
agreements in due  course to sell the balance of production of the Teesside


D1 Oils:

Graham Prince, Head of Corporate Communications

Tel:    +44 (0) 1642 755580

Mobile: +44 (0) 7973 323840

Brunswick Group:

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

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