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/

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.

Thanks to Kamitora on ADVFN.

Kamitora - 15 Jul'05 - 06:40 - 7445 of 7550

Aim-listed Biofuels Corporation surged 39 to 184p after the biodiesel group confirmed its Teesside plant is on schedule. The group said it has sold 64pc of start-up production and has a strong lists of leads in respect of a further 25,000 tonnes per month - more than three times the 7,500 tonnes per month remaining to match full production.
http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2005/07/15/cxmktrep15.xml

Among the smaller stocks, traders were left scratching their heads as shares in Biofuels closed up 39p at 183.5p despite annual results from the manufacturer of biodiesel which added little to the sum of human knowledge. The best the City's finest could come up with was that a number of traders who had been short of the stock suddenly found themselves, as it were, caught very short after the company confirmed that its Teesside plant is on track for production by the end of September.
http://www.guardian.co.uk/business/story/0,3604,1528988,00.html

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.
http://news.ft.com/cms/s/561b4df8-f4cd-11d9-9dd1-00000e2511c8,dwp_uuid=43da3afc-1308-11d9-b869-00000e2511c8.html

A company making environmentally-friendly fuel could open another two production plants on Teesside.
http://www.thisisthenortheast.co.uk/the_north_east/business/BUSINESS0.html

Tempus: 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.

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.
http://business.timesonline.co.uk/article/0,,8211-1694844,00.html

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.
http://news.independent.co.uk/business/analysis_and_features/article299219.ece

Jimmy, I'm thinking we should get up to the placing price in the very short term. However I'm hoping for much better things to come in the long term, with the prospect of more plants opening - happy to hold on for the ride -judging by past history, I don't suppose it will be smooth!

Jimmy, just hope for steady progress with the company ie. that they don't try for too much too soon. Does more plants = more dilution? Or, if the future sales path firms up will there be an even bigger growth story to come? Need to see good management over a period of time to rebuild greater confidence. No more delays etc.

And in the long term what about hydrogen as a fuel? Iceland the experimental forerunners, but didn't Bush recently signal interest in this? Will this have an impact in years to come on biodiesel? Of course this may be a long way away but the EU directive only aims for 5.75% biodiesel by 2010, perhaps giving room for alternative and competetive technologies to emerge?

In the meantime I'm happy to hold a small long term investment but no more than 4% max. of my longterm portfolio. As to the sp in the short - medium term I'd be surprised not to have at least a pause in the rise if not a retracement. Then again....who knows!

Cheers, Madison

Presentation to Analysts.

http://www.biofuelscorp.com/press/Analyst%20Presentation%20July%202005.ppt

Thanks for that marketmaker..

found this thread earlier and later came across this

"Nice article on Seattle Biodiesel in the Seattle Times today"

I'm just looking but may join in when I can.....
GN

http://www.sbd.55bell.com/archives/2005/07/nice_article_on.html

Taken a dip the last few days, but the plant will start producing soon, and hopefully they will have sold 100% of capacity...

http://www.thisismoney.co.uk/news/columnists/article.html?in_page_id=19&in_article_id=402402&in_author_id=9

A green tip

MEANWHILE, environmentally friendly fuel specialist Biofuels Corporation finally put nagging fears about its first plant behind it.

The firm reckons it should be turning palm oil into diesel by the end of September. That can then be used either as a pure substitute for conventional diesel or, more likely, blended with regular diesel.

With concerns over global warming and carbon emissions becoming ever more pressing, Biofuels is in a great market. The shares surged 39p to 184p following reassurances over production, but remain well off their March peak of 302p.

With evidence of first customers being signed up, they are now worth a look.

Cheers marketmaker,, I'm staying put here , i really think this will be on the move again soon...