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/

Biofuels Corporation PLC
15 April 2005

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company
Biofuels Corporation plc

2. Name of shareholder having a major interest
Toscafield Limited

3. Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18.
As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
Morstan Nominees Limited a/c SEG

5. Number of shares/amount of stock acquired
Not disclosed

6. Percentage of issued class
Not disclosed

7. Number of shares/amount of stock disposed
Not disclosed

8. Percentage of issued class
Not disclosed

9. Class of security
Ordinary Shares

10. Date of transaction
Not disclosed

11. Date company informed
15 April 2005

12. Total holding following this notification
6,669,090

13. Total percentage holding of issued class following this notification
14.8%

14. Any additional information
The holding has changed following the conclusion of the recent
Placing & Open Offer

15. Name of contact and telephone number for queries

Martin Purvis 01642 345695

16. Name and signature of authorised company official responsible for
making this notification.
Martin Purvis, Company Secretary

Date of notification: 15 April 2005

wilbs

Anyone know who Toscafield limited are and what they do?

I seems that they invest in mining/oil companies. I found this on the web.

Manganese Bronze Holdings PLC advises that it received notification on 3 March 2005 from Toscafield Limited that it has an interest in 3,795,000 of the Companys ordinary shares, representing 20.06% of the issued share capital.

Manganese Bronze Holdings PLC further advises that it received notification on 2 March 2005 from Morgan Stanley Securities Limited that it has an interest in 1,754,475 of the Companys ordinary shares, representing 9.28% of the issued share capital.



Manganese Bronze Holdings PLC advises that it received notification on 23 August 2004 from Toscafield Limited, that they are the beneficial owner of 3,020,000 ordinary shares of the Company, representing 16.0% of the total number of shares in issue.


I will try to find out more.

wilbs

Manganese Bronze are nothing to do with mining - they make London black taxi cabs!

Doh!!!!
I quickly looked at it and assumed.
wilbs

Recaptured all yesterday's losses and more besides...now up 8.86%

Cheers, Madison

What is a B trade?
Is it broker to broker? or block trade?
6669090 shares, buy or sell?
wilbs

Looks like a sell as the trade price was lower than the mid price.
wilbs

This is a BUY as shrewd fund manager Martin Hughes has increased his Toscafield Fund's stake in BFC to 14.8% via the recent placing. BFC will be profit-generating by the end of year. Likely maiden profit is 14 million.

Thanks for clearing that up hlyeo
wilbs

wilbs
B trade is one between two member firms (of the LSE I guess) of which neither is a maket maker or fund manager - whatever that means - I think between two brokers.
helpful?
SD

hlyeo98
what evidence for 14m maiden profit - can you post it or the link here, please.
Thanks
SD

stockdog,
very helpful thanks. Do you know where on the web I can get info on things like that?
wilbs

on most sites like moneyAM (I think I've seen it here - look on the new Companies button, perhaps) and the one I use Digital Look has a pop-up key you can look at somewhere

thanks stockdog, if I can't find it I will just have to use your knowledge!!
wilbs

Just a general question everyone, whats the normal spread on this one please?

I see It's just over 3% at the mo.

Biofuels Corporation PLC
21 April 2005

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

Biofuels Corporation plc

2. Name of shareholder having a major interest

Morgan Stanley Securities Limited

3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2
above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of
that person's spouse or children under the age of 18.

As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them

Not stated

5. Number of shares/amount of stock acquired

Not disclosed

6. Percentage of issued class

Not disclosed

7. Number of shares/amount of stock disposed

Not disclosed

8. Percentage of issued class

Not disclosed

9. Class of security

Ordinary Shares

10. Date of transaction

19 April 2005

11. Date company informed

21 April 2005

12. Total holding following this notification

2,340,264

13. Total percentage holding of issued class following this notification

5.12%

14. Any additional information



15. Name of contact and telephone number for queries

Martin Purvis 01642 345695

16. Name and signature of authorised company official responsible for making this notification.

Martin Purvis, Company Secretary

Date of notification: 21 April 2005


Biofuels Corporation PLC
15 April 2005

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company
Biofuels Corporation plc

2. Name of shareholder having a major interest
Toscafield Limited

3. Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18.
As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
Morstan Nominees Limited a/c SEG

5. Number of shares/amount of stock acquired
Not disclosed

6. Percentage of issued class
Not disclosed

7. Number of shares/amount of stock disposed
Not disclosed

8. Percentage of issued class
Not disclosed

9. Class of security
Ordinary Shares

10. Date of transaction
Not disclosed

11. Date company informed
15 April 2005

12. Total holding following this notification
6,669,090

13. Total percentage holding of issued class following this notification
14.8%

14. Any additional information
The holding has changed following the conclusion of the recent
Placing & Open Offer

15. Name of contact and telephone number for queries

Martin Purvis 01642 345695

16. Name and signature of authorised company official responsible for
making this notification.
Martin Purvis, Company Secretary

Date of notification: 15 April 2005



wilbs

Anyone seen the FT article this morning?

Cheers, Madison

Interest in biodiesel innovation is beginning to spread
By Chris Tighe
Published: April 22 2005 03:00 | Last updated: April 22 2005 03:00

D1 Oils and Biofuels Corporation, the biodiesel companies, are following different business models but both have seen a huge rise in their share price since flotation, even before hard evidence emerges of their production capability.


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The market capitalisation of each of these new Aim-listed companies is now about 100m, testament to investors' interest in companies that will contribute to the global drive to reduce greenhouse gas emissions.

Biofuels floated in June 2004 at 75p a share and D1 Oils in October at 160p. Their share prices yesterday closed at 229p and 420p.

Biodiesel is made from energy crops that produce vegetable oil, tallow or cooking oils. It can be blended with diesel, made from mineral crude oil, to benefit the environment by reducing harmful carbon emissions and airborne particulates. The production process, transesterification, results in biodiesel and glycerine.

To create its "green" fuel, Biofuels plans to use as its feedstock rapeseed, soya and palm oil; D1 Oils favours jatropha and has mounted a global campaign in tropical areas to increase planting of this fast-growing tree.

At present, the UK lags behind some other European Union countries, notably Germany and France, on biodiesel take-up. While the EU target is that biofuels should account for 2 per cent of all transport fuel sold in 2005 and 5.75 per cent by 2010 - an estimated demand of 10.5bn litres per annum - the UK expects to achieve just 0.3 per cent this year.

Biodiesel enthusiasts believe the fuel could

comprise 20 per cent or more of a blend but carmakers focused on warranty obligations are more cautious, opting for 5 per cent biodiesel.

However, even this small percentage gives big possibilities. Sean Sutcliffe, Biofuels' chief executive, says: "I would prefer to sell 5 per cent to all diesel users in the UK rather than try to grow a whole new market sector."

Biofuels, with headquarters in Teesside, is building Europe's biggest biodiesel production plant, able to produce 250,000 tonnes a year, at Seal Sands, near the mouth of the Tees. First production is due this July, with full production by September. A second plant, at Seal Sands or in continental northern Europe, is planned.

Although the 28m Seal Sands plant is based on proven technology, licensed from Energea of Austria, the project has sustained delays to its original timetable and consequent cost overruns, arising from capital and working capital cost needs and hedging arrangements.

Having raised 13m net at flotation, plus 17m debt from Barclays, Biofuels recently raised, via a placing, slightly more than 30m net, plus 5m bank debt.

Contracts have so far been agreed for the glycerine and with Petroplus for a quarter of the biodiesel. "We are talking to a range of distributors and refineries for the bulk of production," says Mr Sutcliffe. Some may be sold to Germany. Biofuels estimates its annual operating profit will be 14m (30m before the hedging impact).

The 20p discount on excise duty helps biodiesel's viability but the fiscal instrument that could stimulate demand is the proposed Renewable Transport Fuel Obligation, now under government consideration. This would operate in a similar way to the power generators' Renewable Obligation Certificates.

But D1 Oils insists the best option is a business model that needs no government subsidy. "We feel the whole biodiesel industry worldwide is obsessed with the German market because that's where the biggest subsidy is," says Karl Watkin, chairman.

D1 Oils' aim is to be vertically integrated; it is securing jatropha plantation rights in many locations in Africa and other countries, including India, Madagascar and the Philippines, by joint ventures or by supply deals with growers. It has acquired refining technology to fabricate, in Teesside, transportable refineries for installation at jatropha plantations worldwide.

The biodiesel could be sold locally or internationally. Jatropha not needed by D1 could be sold to other producers - such as Biofuels.

This month, D1 Oils carried out seven days' continuous trial production of biodiesel, using rapeseed oil, in its first modular, transportable refinery. It intends that its first in-situ refinery, in Durban, South Africa, funded via an offset financing arrangement with Rolls-Royce, should be operational by the end of 2005.

While, for European motorists, the chance to buy 5 per cent "green" diesel may seem no big deal, an agreement announced last week by D1 Oils illustrates biodiesel's potential impact on poorer economies.

D1 Mohan, a joint venture with Mohan Breweries Distilleries, has clinched an agreement with the State Bank of India to provide 1.3bn rupees (15m) to local farmers in Tamil Nadu to plant up to 40,000 hectares of jatropha. The deal, says SBI, will benefit small farmers and landless labourers.

Regardless of the business model adopted, interest in partaking in biodiesel innovation is spreading.

Thanks tallsiii - impeccable service as always.

Cheers, Madison