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/

No problem gallick. I think all the parties will strongly be pushing it in their agendas. Well lets hope so.
wilbs

Been long since 7th Jan. Finally made a move. ;-))

Smokin !!!

Its on fire!! I would say that there will be an update soon cos it should not shoot up like this when the place aint even built!!
wilbs

Good volumes too. ;-)

I emailed biofuels on the 20th but never had a reply. They have not updated their website either of new photos of the development. They must be much more ahead than this?

http://www.biofuelscorp.com/photos.htm

wilbs

Hi Wilbs on another thread too, I see.

Your talk of writing to the company, also thoughts on SEO and ASC etc. Anyone know a website where you can easily check out major (i.e. notifiable) holdings. Always interested to know if the institutional boys are in yet with a big overhang from original placing, or whether they haven't started yet. Could explain alot of SP movement with no apparent trading or corporate rationale.

Topped up again today. Could be a little dangerous, since profit-takers could step in after this weeks rise, but I'm confident this is on a rising trend taking 6 month view. Projected PE is incedibly low.

rgrds
gk

I want to topup if the price does drop. BFC got a slight mention in shares mag last week and the fact that blair was rambling on about greenhouse gasses and global warming IMHO helped the price movement. If we dont get an update from the company soon I think the sp will fall slightly just like from the high of 200p to 140p.All IMHO though!!
wilbs

http://www.uk-smallcaps.com/BioFuels.html

Saw that last week. Conrad was in shares mag the other week on the trading profile page. He also posts some of his research reports on the other side under the name of mrkournikova.
wilbs

You may also be interested in D1 Oils (DOO) which is rapidly expanding its African, Indian and Chinese plantations of Jotropha bean trees from which it extracts biodiesel using local converters, thus helping local investment/industry/employment - classic case is paying vanilla farmers (who grow Jotropha trees as a prop for the vanilla vines to grow on anyway) to harvest otherwise unused J-beans. Also reduced transportation costs. All v. bio-good (remember the old WWI song "Good-bio, good-bio, wipe the oil, baby doil, from your eye-o")

DOO plan to plant millions of hectares worldwide (tropical wide actually) and are ahead of plans using local capital to boot in some cases, so enhancing shareholder value.

I took an each way punt on BFC and DOO the day the latter was listed on AIM at the end of October. It too has been showing a bit of action recently.

Big drop today, think we may see the 50's by the end of the week with no news. I will topup if it does.
wilbs

Seems to have come off the bottom today - looks like there is support. Can't see the 150's yet. Medium term, the chart looks good!

rgrds
gk

I topped up last time they were are the 150s so this time I will probably wait till they drop to below 140!

Tallsiii

Can't see them going that low Talsii, best to top up now!

(DYOR etc).

I have a policy of only buying when things are extrordinarily cheap Gallick! At the current price BFC are still cheap, but not cheap enough to fill my boots.

Biofuels Corporation PLC
01 February 2005



Project Update and Board Appointment



Biofuels Corporation plc (the Company), which is expected to become one of
Europe's largest producers of biodiesel, a vegetable oil based version of
diesel, announces:



An update on project progress and financing plans.
Appointment of Finance Director.



Project Progress



The Company is pleased to report that work continues to progress well towards
the successful completion of the initial biodiesel plant with a capacity of
250,000 tonnes per annum. Total project progress is now approximately two
thirds complete. Early commissioning work is targeted for April with the plant
operational in early Q3. In assessing the commissioning and start-up plans, and
consequent financial implications, the Company is planning on production levels
being built up from this point over the following period with full production
consistently achieved around the end of Q3.



Financing



As indicated at the time of the Interim results, the Company continues to
negotiate additional fixed and working capital facilities. In the meantime,
revised terms for the first tranche of the original financing agreement have
been agreed to progress the development of the plant. The further funding
requirements will cover additional fixed capital and higher working capital
needs. The Company has also unwound the initial 3-4 months of the commodity
hedge from the period starting April 2005 to account for projected start-up
plans. This will result in an additional cost and funding requirement of 4.9
million at present exchange rates with this requirement included in the
financing discussions with the company's bankers.



In addition, based on a recent full review of programme costs and schedule the
Company now considers it prudent to allow an additional 2 million of
contingency in capital cost forecasts.



Business Outlook



The future business prospects for the company are strongly underpinned by the
present market outlooks for vegetable oils, which form the Company's main raw
material inputs, and for ultra low sulphur diesel, which is the key benchmark
for setting output product prices. Forward prices for 2005/2006 are around
$340-360/tonne for Crude Palm Oil MDEX Malaysia, 510-540/tonne for Rapeseed
Oil and $390-400/tonne for Ultra Low Sulphur Diesel, compared with the prices
at the time of flotation of $435/tonnne for Palm Oil, 525/tonne for Rapeseed
Oil and $260/tonne for ULSD.



This price outlook ensures that the economic outlook for the initial plant as
well as for subsequent projects, is robust.



Appointment of Finance Director



In a move to further strengthen the Board and management to bring additional
expertise to Biofuels as the Company implements its development plans, Robert
Green has been appointed as Finance Director. Robert brings extensive
experience to the team having operated in a variety of senior financial roles.
John Charlton who joined the Board prior to flotation as Finance Director on a
part-time basis, will remain on the Board and will assist the hand-over.



Field Walton, Chairman said ' I am pleased to announce the addition of Robert
Green to the team. He brings a strong set of skills and experience to the Board
as the Company sets out on its growth plans. I would like to thank John Charlton
for the significant contribution that he has made to the Company particularly in
bringing the Company to the AIM market.'



Sean Sutcliffe, Chief Executive, added ' I am pleased to be able to report that
the project continues to progress well. Whilst the team's priority is to
ensure the successful construction and commercialisation of the initial plant,
it is increasingly apparent that the UK and international markets can provide a
number of attractive further opportunities. The price outlook for Palm Oil and
Ultra Low Sulphur Diesel remains positive, re-inforcing the medium term strength
of the company, although it has in the short term resulted in additional costs
under the hedge arrangements put in place around the time of flotation.'


wilbs

Wilbs - reference previous dalogue with lukan - look at SYM as a good green partner share to BFC and SEO.

I don't wish to worry anyone, but doesn't todays new look a bit like attempt to disguise a situation of missed deadlines and cost overrun?