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/

wouldn't the price target be heaps more @ 43.7p EPS ?????

wilbs i would have thought it would tick up this morning on the volume of buys,,any view ?

Not sure jimmy. The FTSE is up but my portfolio and watch lists are all very quiet today.

Same for me..

With 610K buys v 13.5K sells today, the only way is up!

Going well this morning,,are you still in wilbs ?

250 is coming IMO

LONDON (AFX) - Buyers again pursued Biofuels Corporation, 7-1/2 pence better at 120, amid talk that the company, which is building one of Europe's biggest biodiesel plants on Teeside, has found buyers for all of the plant's capacity.

More good news .

http://www.moneyam.com/action/news/showArticle?id=858909

Trying to post the web-link in linkable form - not working - any ideas?

"http://www.moneyam.com/action/news/showArticle?id=858909"

FYI MORE

LONDON, July 6 (Reuters) - U.S. President George W. Bush has urged increased investment in energy alternatives to reduce the world's dependence on oil and gas, helping curb global warming.

Washington has been focusing its efforts in alternative energy on biofuels that use sugar cane, vegetable oils or grain oils to produce green transport fuels ethanol and biodiesel.

Other options include expanding other renewable electricity generation sources and investing in technology to develop hydrogen-fuelled cars.

BIOFUELS FOR TRANSPORT

The United States is the second-largest biofuel producer after Brazil.

The Senate Energy Committee voted in April to require U.S. output of ethanol, distilled from corn and wood biomass materials, to reach at least 8 billion gallons a year by 2012, doubling the current output of the gasoline additive.

About 12 percent of the U.S. corn crop is projected to be used for ethanol in the coming year.

This g8 could be good news for BFC.. Wilbs where are you !!

Spanish Firm Repsol YPF to Produce Biodiesel in Argentina
Date Posted: 6/10/2005


BNamericas.com via NewsEdge Corporation : Spanish oil firm Repsol YPF is developing a plan to produce biodiesel in Argentina through the use of advanced technology, the company said in a statement.

Biodiesel is an alternative renewable fuel for diesel motors made primarily from vegetable oils. It is produced through a chemical process in which the vegetable oil reacts with alcohol in the presence of a catalyzing agent. Glycerin is produced as a by-product.

At the moment 98% of the world supply of biodiesel is produced in Europe, mainly in Germany.

However, the use of biofuel in the world market is growing and Repsol YPF realizes "the important opportunities" Argentina presents as a biofuel producing country. Brazil is also developing a program to produce biofuel for export.

Through its applied technology center (CTA) in Argentina, Repsol YPF is creating a new center for biofuel research as it defines its work plan, the statement said.

All good for BFC..

Looks like we have lift off, has the G8 news filtered through?

It's been lift off all week ! , i think this carries on up to results day on the 14th and if they have 100% capacity sold , then it's onwards and upwards...

BIOFUELS (145p) - Buy - Target price 180p - comment ahead of FY results
(Previous recommendation - Buy - target price 180p on Jun 29)
Biofuels reports results for the year ending March 31 2005 at 7am on Thursday
14th July. In themselves, the results will be of little interest, simply
representing the overheads and hedge payments incurred as the company approaches
the commissioning of its biodiesel plant on Teesside in the North of England. In
particular, investors are likely to focus on:
* Sales contracts: At the present time, Biofuels has around 30% of the
Teesside plant capacity under contract. Despite encouraging noises since the
IPO, no additional contracts have been signed, and this uncertainty had been one
of the main factors weighing on the shares. There is clearly hope that
management will use the results tomorrow morning to announce additional sales
agreements from the plant, ahead of plant start up in September.
* Vegetable oil supply contracts: Investors will also be keen to see whether
management have signed any long-term supply contracts for vegetable oils.
* Financing: There are still underlying worries amongst investors over the
company's financial position, particularly the impact of the hedging payments
and how long the company could survive in the event of further plant delays.
With existing debt facilities, we believe the company could survive until at
least the end of the year.
* Expansion: Providing good news is forthcoming on the existing plant's
supply contracts, management may comment on plans for a second plant.
The shares have risen 45% since we initiated on the 29 June, with the
implication that the market is anticipating good news on sales contracts
tomorrow. While anything other than good news on this issue tomorrow would be
taken negatively, we still believe that the long-term opportunity remains for
biodiesel penetration into the UK, and that the demand should exist for at least
one plant and possibly a second. Our 180p target price assumes one plant and
conservative assumptions in the near-term.
ANALYSTS: PHIL CORBETT / ANDREW WHITTOCK 0207 776 1465 /1565

v. interesting mm - who do corbett and whittock work for?

Stockdog - Numis I believe.

Update powers Biofuels higher

LONDON (ShareCast) - Shares in green fuel group Biofuels motored higher after it said sales contracts are now in place for 64% of start-up production at its biodiesel manufacturing plant in Teeside, due to open in September.

The group said it is in the advanced stages of completing one of Europe's largest biodiesel manufacturing plants, with full production expected by the end of September.

Biofuels says it should be producing around 21,000 tonnes of biodiesel per month.

It said it also has a strong list of 'hot leads' in respect of a further 25,000 tonnes per month, more than three times the 7,500 tonnes remaining to match full production.

Chairman Field Walton said, "The last few months have been a period of rapid development for Biofuels. The new management team has ensured that we will operate the plant in line with our schedule, has secured significant sales contracts, strengthened the finances and brought forward consideration of further plant capacity."

"The demand for biodiesel is increasing and Biofuels is establishing a clear lead from which to exploit a rapidly growing market," added Walton.

Nice move up - back towards what I paid for the rights issue! Quite well up overall on this share this year, so can't complain.