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/

Yes, but I didn't expect it all in one day! Now 173 bid up 29 on the day so far.

There seems to be no stopping this , ,,if you look back to march the sp went from 2 , to over 3 in two weeks and then crashed on bad news,,it seems they are well back on track now.. There is also a presentation at 10.30 am should be interesting..

where do you see price finishing today,also is this presentation from this mornings statement?

Couldn't say , this bumps up and down ,,has done all the way up, i'm in for the next few months at least. I think the presentation is from this mornings statement,,be interesting to see the sp this time in September..

Can't believe more on this board are not in this,,up 70 % in two weeks and much more to come..
Wilbs where are you ?? apart from jail !!!

I plan to stay in over the run up to interims in September currently.

That's just the reason, already up 70% not much else. There are other AIM stock to be in that have not risen as yet, like MMG

This still has a lot of steam left ..as for MMG i was in from 1 to 3 in Feb/March, had a nice run and will be looking to get back in ,but i'd rather pay a little more when there is solid news..

http://icteesside.icnetwork.co.uk/printable_version.cfm?objectid=15736131&siteid=50080



Construction of the WORLD'S largest biofuels plant is close to completion, the company behind the development confirmed today.

Billingham-based Biofuels Corporation, which is building the facility at Seal Sands, also revealed it is on track to sell its complete output of biodiesel when the plant becomes operational at the end of September.

The company gave the update in its annual results today which saw it report a 10m pre-tax loss for the year ending March 2005.

The loss reflects the fact the company is yet to start generating revenue ahead of production.

The results follow a turbulent year for AIM-listed Biofuels, which saw its share price plummet in April after it revealed construction delays and rising costs for its 250,000 tonnes a year plant which will convert oilseed rape into fuel.

However, Biofuels chief executive Sean Sutcliffe said the company was now in a strong position to benefit from growing biofuel markets.

He said: "The key building blocks have now been put in place and the plant is now on schedule for full production.

"The most exciting news is that we have agreed sales for 64pc of production and we have hot leads for about three times the levels of our remaining output.

"This gives us the confidence to look at building a second plant on Teesside and possibly more.

"We have three key advantages of scale, flexibility and cost advantage which will bring a whole new dimension to the UK and European biodiesel market."

Mr Sutcliffe said the company had now recruited 40 staff and would take on a further 10 to 15 in coming months.

He added that the plant construction had supported 400 jobs and the company was working with several Teesside firms in logistics and construction.

And up it goes again !!

Jimmy - you're not as alone as you think. Been out much of the day and just come in and looked at this sensational sp rise and not a comment from anyone. I'm delighted - just hope we can hold on to some of this. Another day like today and I might even break even on my LTBH! (Fortunately the occasional day-trade on this one has been good lately.)

Cheers, Madison

Well done Madison , i still think there's more to come, and it looks like the MM'S have marked it up this morning! I don't like making predictions but i think we could get over 200p today,fingers crossed . Cheers JB.

I hope your right Jimmy. I am in profit nicely now, after holding at a large loss earlier on in the year (where was that stop loss?) I couldn't watch yesterday as my electricity was off all day - luckily I'd already seen the results before that happened and knew I didn't have to worry about them - so as Madison says - you are not alone.

Todays Independant

Despite the volatility, Biofuels should do well

Biofuels Corporation has become a speculator's favourite since it listed a year ago. A glance at the share price growth demonstrates the sort of volatility this has led to.

The company turns vegetable oil into diesel, which can then be used either as a pure substitute for conventional diesel or, more commonly, it is blended with regular diesel.

Given the concern about global warming and carbon emissions, Biofuels is in a great market. The transport sector in particular is guilty of not responding to environmental threats.

The company is a start up and its first plant is not even up and running yet, so one can see how it is possible to value it at very different levels.

Biofuels listed on AIM at 75p a year ago, raising 13m. The shares then took off as investors warmed to the obvious potential of the company's market.

However, March brought disappointment as the company warned of plant delays and the need for more cash - it got 30m, after expenses, at 230p. There was better news yesterday, though anyone taking up the rights issue earlier this year would still be feeling sore.

The company said that its plant, on Teesside, would open on time, in September, and that it had signed up its first customers.

Once at full capacity, the plant will produce 250,000 tonnes a year of biodiesel - compared with annual UK demand of 19 million tonnes.

With Europe also available as a market, Biofuels should do well.

At 184p, hold on.

The Times
Biofuels Corporation

BIOFUELS CORP, which wants to convert palm oil into environmentally friendly diesel, was one of the best performers on the AIM yesterday. The shares soared 27 per cent to 184p after management posted an upbeat outlook statement. The strong run belies a mixed history. Four months ago the shares traded at 311p, after an oversubscribed 32.7 million fundraising at 230p. But a shock trading update a month later, containing poor news from Germany and delays to the construction of plant at Teesside, created dismay. Biofuelss shares fell as low as 70p in May.

Yesterdays update restored some confidence. Sean Sutcliffe, chief executive, said that the Teesside plant was on target. More importantly, 64 per cent of its 21,000 tonne-a-month start-up output has been pre-sold to blue-chip refinery customers in the UK, and the firm is confident that the rest will go during the next seven weeks.

Biofuels is still paying the price of an unfavourable hedging arrangement that forces the company to pay above-market prices for its palm oil. Risks also remain that the Teesside plant will encounter other start-up difficulties, thereby delaying the much-needed first revenue flow.

But fundamentals for biodiesel are strong. The European Union Biofuels Directive demands that biofuels should be at least 5.75 per cent of fuel used in member states by 2010 and there is a dearth of biodiesel suppliers. Investors should be under no illusions about the level of risk that circles this stock. At 184p, however, the risk-reward ratio is appealing. Buy.

The FT
Biofuels on target to open plant for biodiesel
By Lucy Smy
Published: July 15 2005 03:00 | Last updated: July 15 2005 03:00

Biofuels Corporation, the maker of environmentally-friendly diesel, yesterday said it was on-track to open Europe's first big biodiesel plant in September and already had contracts to sell two-thirds of its production.


The company said that demand for its product, derived from palm oil, was so strong it was already planning a second plant.

Field Walton, chairman, said: "The new management 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 to exploit a growing market."

Biofuels floated last year at 75p per share on Aim and brought in a new chief executive, Sean Sutcliffe, at the start of the year.

Mr Sutcliffe said yesterday that the new plant would be capable of supplying about 1 per cent of the UK's diesel requirement. But the company's strategy is not to sell 100 per cent biodiesel, but rather to sell a blend of 5 per cent biodiesel in 95 per cent standard diesel.

Mr Sutcliffe said: "With a 5 per cent mix, customers don't have to change their engines or use a different pump."

Biofuels first contract was with Petroplus, a fuel supplier to forecourts in the north-east of England, but Mr Sutcliffe said that at least one of the two contracts announced yesterday was with a "household name that everyone will recognise".

Mr Sutcliffe said the company was in talks to sell the remaining one-third of the output.

Administrative expenses in the year to the end of March increased to 9.7m

(550,000), the operating loss was 9.7m (loss of 530,000), the pre-tax loss was 10m (loss of 535,000) and the loss per share was 35.2p (0.6p).

The shares closed up 28p at 173p.

Thanks for those Jimmy.

Yes - thanks Jimmy, a good collection!

Another positive write up..


Ready market raises hopes for further Biofuels plants
by Julia Breen

A company making environmentally-friendly fuel could open another two production plants on Teesside.

Biofuels Corporation, which is listed on London's junior stock market, has reported a pre-tax loss of 10m, but said that would change once it started production later this year.

It has already secured contracts for nearly two-thirds of its monthly output of 21,000 tonnes and is in discussions about selling another 25,000 tonnes a month, which will provide enough business for a second plant.

Chief executive Sean Sutcliffe said: "We are cutting over the targets we set for ourselves.

"In terms of the sales, that is most important for us, because we said there was a market there and people wanted to see the proof of that. Now they have.

"I'm not absolutely saying at this stage that the second and third plants will definitely be in Teesside - but it looks good because we have planning permission, I really like Teesport as a port in terms of deep water facilities and we have the space for another two plants there.

"We are very confident about the chances of building our second plant."

Biofuels Corporation is building the world's largest biofuels plant near Billingham, at Seal Sands, which is due to start production at the end of September.

Biofuels' share price plummeted in April after it revealed construction delays and rising costs for its plant, which will convert oilseed rape and palm oil into fuel.

There were rumours at the time that the dramatic reduction in share price left Biofuels ripe for a takeover. Mr Sutcliffe decined to comment on that.

He said that about 40 vacancies had been filled at the plant and that 400 more jobs had been created during the construction phase.

Hundreds more in the Tees Valley will be safeguarded by the plant.

Mr Sutcliffe praised the region for being a good place to do business, and said he believed the North-East had the skills and capabilities to be the centre of a thriving renewable energy and fuels industry.

Frampton,,Madison,,do you have any target for these,,i'm hoping for another leg up to 250p , with prodution due to start soon , this does look on the cards.