The main activity of Biofuels is the large scale production and exploitation of biodiesel and glycerine following the construction and commissioning of the initial plant.

Biodiesel is produced from vegetable oils and, as an environmentally friendly product, can make a significant contribution towards reducing green house gases and meeting Kyoto targets.



RNS's from BFC can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=bfc&go.x=17&go.y=8

http://www.biofuelscorp.com/

Thanks yiyack and Frodo for you information. I diddn't realise palm oil was one of the products being used. I will have to spend some time this weekend doing a bit more research.

Cheers,
Wilbs

up onheavy volume today,action about to start with this one.

waking up now,roll on the morn.

Spottiswoode goes green at Biofuels
By Chris Tighe
Published: November 4 2004 02:00 | Last updated: November 4 2004 02:00

Clare Spottiswoode, former head of Ofgas, the gas industry regulator, has become a non-executive director of Biofuels Corporation, which is aiming to become one of Europe's largest producers of biodiesel.


As the UK's gas regulator between 1993 and 1998, Ms Spottiswoode, 51, spearheaded the introduction of choice and competition in the energy market, orchestrating the break-up of the state-owned gas industry. She was accused by BG Group executives of "the biggest smash and grab raid" in corporate history after imposing big cuts in gas transmission charges.

Now a non-executive of a number of energy sector companies, including British Energy where she is deputy chairman, she joins at a critical time for Biofuels, which floated on Aim earlier this year, raising 14m.

On Tuesday, a ceremony will mark the start of work at Seal Sands on the company's plant. The 250,000 tonne output complex is intended to be Europe's biggest single plant producing biodiesel, a green alternative to regular diesel manufactured from renewable vegetable oils such as oilseed rape, palm and soya and suitable for use as a motor fuel. The plant, created from modules being built in Austria, is expected to be operational by summer 2005.

The Teesside-based business's main UK and European Union outlets will be oil majors, independent fuel distributors, supermarkets and haulage fleets. It will also sell plant by-products glycerine and potassium sulphate. Chris Tighe


http://news.ft.com/cms/s/164b211c-2e08-11d9-a86b-00000e2511c8.html



regards wilbs

hope u listened to me last week!!

This product should be enormous and they aint far off first production run,pe of2 for a year out.

yikes started rocketin as i was typing!!!

looks like we'll have a good day,expect write up in daily mail tomorrow.

looks like a buy note is out,what a prospect.

Glad I bought into this early on. Sitting on a good profit already. Anybody got a sp in mind?

wilbs

6 -7 a share if they make forecasts for 2006.Apparently a broker is in the market for a big order to be filled,could see 200p plus very soon.

another rocket up it !

Got some news from a source...Biofuels set to rocket to new heights soon...anybody keen should get in now...

Oh really, why's that then?

Looks like the spell of profit taking after the recent rise is over and the share price is on its way northwards again.

I have high hopes for this share in 2005 admittedly based more on a gut feeling that this is the right product at the right time, in an increasingly environmentally-conscious society, than based on any hard evidence. I can also imagine it getting further government incentives. What do others think?

Biofuels Corp. Says UK Biodiesel Project On Track
--------------------------------------------------------------------------------

Mail this story to a friend | Printer friendly version

UK: January 14, 2005


LONDON - Green fuel start-up Biofuels Corp. on Thursday said it is on track to bring Britain's largest biodiesel plant into full production later this year, which would be a timely boost for the country's biofuels sector.


Biodiesel has been gaining in popularity elsewhere in Europe for up to a decade but is only now beginning to make an impact in Britain.
"I believe we're in the right place at the right time," Sean Sutcliffe, the firm's newly-appointed chief executive told Reuters by telephone.

"Our top priority is to get our new 250,000-tonne-a-year plant at Teesside up and running by the middle of this year so we can produce the first biodiesel going into the north-east -- and potentially into Europe as well."

Biodiesel, produced from a variety of vegetable oils, is seen as an environmentally-friendly alternative or addition to regular diesel.

UK-based Biofuels Corp., which floated in London in June last year, refused to be drawn on the plant's cost, but industry estimates put the figure at between 21 and 25 million pounds ($40 to $47 million).

Sutcliffe said a sizeable amount of output will move to a nearby refinery owned by Dutch oil refiner Petroplus after it agreed to buy around 350,000 tonnes in a five-year deal -- Petroplus markets "Bioplus," a 95:5 blend of ultra-low-sulphur diesel and biodiesel.

The firm said it has also agreed a 30-year contract with Simon Storage, which will store and handle biodiesel near the plant at Teesside. Simon Storage is to invest 3.5 million pounds on tanks and facilities.

Teesside located on England's north-east coast is a key hub for Britain's energy and chemical sector.

"It's a good time to be doing this. I think that the market is showing a lot of appetite for this product because of the positive (commercial) environment and also because of the technical specifications the product has," said Sutcliffe, who until joining the firm on Jan. 10 was previously vice-president and managing director of new businesses at BG Group.

Glycerine, a type of alcohol, will also be produced at the plant.


EYES RAPE, PALM OIL

The company said it would be looking to process mainly rapeseed and palm oil at the new facility.

"It's a highly flexible plant in terms of feedstocks. We'll be able to use a combination of predominantly rapeseed and refined palm oil, but we can adapt ourselves to ensure that we have the best commercial mix," Sutcliffe said.

The EU is keen to see biofuel account for two percent of all fuels sales in 2005, rising to 5.75 percent in 2010.

($1 US = 0.5311 British Pounds)



Story by David Cullen


http://www.planetark.com/dailynewsstory.cfm/newsid/28996/story.htm


wilbs

It would be really handy to know what their profit margin on a litre of biodiesel is? With the 250Mill litres per year that could make some interesting sums. At 15p per litre they would make their entire market cap in the first year of production!!!

Biofuels gets a mention here. Interesting reading.

-------------------------------------------------------------------


New British biodiesel plant ready to roll
18 Jan 2005 14:01:36 GMT

Source: Reuters

By David Cullen

LONDON, Jan 18 (Reuters) - Britain's newest biodiesel plant, capable of turning recycled cooking oil and animal fats into fuel for cars, is due onstream in Scotland this spring, boosting output of the green fuel by up to 35,000 tonnes a year.

Its privately-held owner, Argent Energy, said the 15 million-pound ($28 millon) facility was already warming up.

"We've just started commissioning...there may be other plants in construction at the moment, but when this comes online -- which we hope will be mid-April or May -- it will be the largest in Britain," the firm's joint managing director Andy Hunter told Reuters on Tuesday.

"It will be larger than the total capacity of the rest of the UK for processing saturated fats into a quality diesel fuel and the largest of its kind in the world."

The London-based company said it is in talks with a number of transport companies interested in using the fuel.

The plant near Motherwell in Scotland is expected to be up and running a few months before green fuel start-up Biofuels Corp. brings its giant 250,000-tonne facility at Teesside in northeast England into use.

"When our plant comes online, we will effectively increase total UK capacity somewhere between four- and five-fold. Obviously, with Biofuels Corp. coming on, we should see another dramatic rise," Hunter said.

In 2004, Britain produced only 10,000 tonnes of biodiesel.

Biodiesel can be made from a range of vegetable oils including rapeseed, soy, sunflower and palm, but it can also be derived from animal fats, grease and tallow.

It is seen as an environmentally-friendly alternative or addition to regular diesel.

EU TARGETS SPUR INTEREST

Argent Energy said European Union targets on biofuel had helped help spur interest in the sector.

"If one looks at the moves both politically and economically throughout the whole of Europe, there's been a significant shift towards biofuels," the firm said.

As part of a range of measures drawn up in response to international agreements to reduce greenhouse gas emissions, the EU is keen to see biofuel account for two percent of all fuel sales in 2005, rising to 5.75 percent by 2010.

The reduction in the UK duty level on biodiesel by 20 pence per litre in April 2002 has also encouraged the firm and further expansion is on the cards.

"As soon as this Scottish plant is working and proven, we would look to build at least two more plants of similar size in the UK and we would expect those to come online over the next two-and-a-half to three years," Hunter said.

Earlier this month, UK renewable fuel maker Greenergy said it has submitted plans to build a 200,000-tonne per year biodiesel plant on England's east coast, with a view to bringing it onstream by mid-next year.

The Motherwell plant is expected to meet five percent of Scotland's diesel needs.

($1=0.5345 British Pounds)


http://www.alertnet.org/thenews/newsdesk/L18387154.htm


wilbs

Yes that is interesting. I know of a small operator near sheffield. He is simply a one man band getting a load of chip fat from local KFC's and chip shops. He filters it, adds additives and then sells it to local haulage and taxi firms. He makes about 20p per litre on his sales.

If BFC only make 10p per litre on their expected production of 250m litres then they'll be making 25m per year against their current market cap of 45m!

Looks like a good deal to me!

Si

Wilbs

You seemed to have spotted this one when it was down at 70p. What other shares do you rate at the moment?

Simon.

It def sounds a good deal tallsiii.

There is a 27.1p per litre duty derogation on biodiesel in the UK, ensuring it is competitive on the forecourts against petroleum diesel.
Well lets say they only make 10p per litre Once the second plant is up and running in late-2005/early-2006 the total biodiesel production will be up to 568 million litres. Thats 56.8m!!

wilbs