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/

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...

Shares in Biofuels Corporation (BFC:AIM) surged nearly 30%
after the company announced further progress on securing
sales for its new biodisel plant at Teeside, scheduled to be
operational at the end of September. Investors had become jumpy over news of plant delays and a lack of firm deals since the company floated in April, but management has now confirmed that 64% of start-up production has been contracted while advanced sales discussions are under ay for more than three times the remaining level of capacity.Strong interest from both UK and European refiners should expedite planning for a second plant, Biofuels said, without giving further details. Sales contracts are still short-term deals at present, which the company says will allow operational flexibility during early production. It plans to pursue long-term deals later this year and into 2006. Initial contracts for feedstocks for the plant have also been completed on a flexible basis, with the first shipment due to arrive at the end of July. The company reported a pre-tax loss of 10 million for the year to March, including 4.6 million on reversing the intial period of a hedge arrangement based on the relative prices of diesel and palm oil. With diesel prices higher and palm oil prices lower than expected, this arrangement is expected to continue costing the company until it expires in March 2007, although the high price of diesel should mean higher prices for its product.Shares says: The new contract wins and positive news on further deals is very welcome

Shares Mag today

21st July 2005 The Grocer
Household name leaked as major buyer of Biofuels Corp biodiesel.
Feature article by Graham Wheatley

Biofuels Corporation, a biodiesel refiner based in the North East has found its recent good news aired early. Amongst much speculation as to the takeup of remaining biodiesel forward sales, the Teeside company which is due to go into production in September has had its hand revealed early. After rumours that a supermarket chain was interested in the company's eco-friendly fuel, a surprise contender has just leaked news of its partnership with Biofuels Corporation. In its annual report published yesterday, the UK based chain Happy Shopper detailed its plans to be a leading retailer of biofuel.

Managing Director of Booker Cash and Carry Martin Powell says 'Happy Shopper is fast becoming the flagship of our organisation. Over the years our products have had an elevated status, our own brand tea being a prime example of what sophisticated branding can do for sales. After contracts were exchanged with Biofuels Corp we just had to share our jubilation with employees and shareholders.' I went on to ask Martin how he envisaged this product to be sold within Happy Shopper's existing setup. 'We cater for the cornershop market, where people like to dash in and pick up a couple of items at a time. We can see that biofuel will rapidly become an essential product for the convenience shopper, so we intend to vend it in 1 litre Tetrapaks on our shelves.' I asked him whether there could be any confusion with this approach, considering the plan was to display alongside milk and other dairy products. Martin replied 'We have thought carefully about any potential confusion and have decided it will carry our logo positioned near the top of the label.'

Before the large buyer was revealed, there was rumour that Asda were buying in to run their fleet and sell on forecourts. I asked Mujahid Toue, Chief Marketing Officer at Asda how he felt about this coup. Mujahid declined to comment, but later issued a brief statement 'I prefer not to comment on this matter.' He was clearly upset by the news, as were Biofuels Corp management after hearing news had been leaked.

http://www.thegrocer.co.uk/news/74532.Household_Name.html

Why sell to 'Happy Shopper' who only offload in 1 litre packs, surely better to sell to client who offloads at the pumps 50 litres at a time?

Well BFC should surely have to issue an RNS now to clarify the situation - maybe the Happy Shopper is not a significnat enough deal, but it will clearly upset negotiations elsewhere.

Bit naive that BFC left room for Happy Martin to "share the news" - what a tosser he must be, unless he's deliberately trying to spoil other deals! Seems badly managed all round to me.

I think the Grocer article is a joke started on ADVFN. 'Mujahid' is poster over there.

That would explain that then! I didn't really believe the Tetrapak bit - much more probable if they had suggested using SEO's latest MAP tray-lidding technology from Mondini the incredible disappearing packaging!

Government renews support for biofuels

CHRIS STARKIE, EDP BUSINESS EDITOR

21 July 2005 08:00

Biofuels campaigners have welcomed renewed Government commitment to developing the industry - but are calling for more action and less talk.

Transport Minister Stephen Ladyman told a conference in Cambridge that biofuels would play a key role in the Government's transport strategy.

He said he hoped new rules forcing oil companies to include a per-centage of biofuels in road transport fuel would be announced by the Government by the end of the year.

But he said the Government remained cautious about a dramatic expansion of the industry, because of fears about cost and sustainability.

Campaigners say adding a 5pc mix of biofuel to all conventional road fuel would create 10,000 jobs and the reduction in carbon dioxide emissions would be the equivalent of removing one million cars from the UK's roads.

Conventional engines are already capable of running on a 5pc biofuel blend, and some fuel companies have already started adding low levels of biofuels.

Biofuels are produced from crops such as sugar beet, wheat and oil seed rape, and give a reduction in carbon dioxide emissions compared with petrol and diesel because of the carbon dioxide absorbed while the crop is growing.

Mr Ladyman said the Government accepted biofuels had enormous potential and had an important role to play in helping reduce carbon dioxide emissions.

He said: "The Government does remain committed to transport strategy in which biofuels plays a key role. But we have to give it the best chance of succeeding. Putting billions of pounds of subsidy prematurely into an industry would do more harm than good."

The conference at Queen's College was organised by Renewables East and looked at the ways the biofuels industry is developing nationwide.

Mr Ladyman's backing for the industry was welcomed by conference chairwoman Lady Shephard, who has been calling for urgent government action to help kickstart the industry.

She said: "The minister's scientific background gives him a good understanding of the subject and he appears to be more interested than his predecessors.

"It is clear however from what he said that the Treasury is a problem, with its resistance to anything that costs money. But I hope he has been able to take away from the conference the importance of the industry."

She said the Prime Minister had claimed to put the environment at the top of the agenda at the Gleneagles summit and now had to be shamed into action.

British Sugar director Karl Carter said the Government needed to force oil companies to take biofuels seriously.

"The only way to stretch the market is for the Government to set a high target for the amount of biofuel content in road transport fuel," he said.

Mr Carter revealed that construction work on British Sugar's flagship biofuels plant at Wissington, near Downham Market, could start in October, subject to planning permission.

The 10m project, which will create around 20 jobs, will turn around 100,000 tonnes of sugar beet into 55,000 tonnes of bio-ethanol a year.

Frampton , your right it was started as a joke , (selling biofuel in cartons) i don't think it was the person you think it was , anyhow a positive start today , on the move back up again..JB..

Jimmy, I didn't mean Mujahad had started it - he's just the butt of everyones jokes!
I know Ecks was the author. It sounded a bit unbelievable to me but then when I saw Mujahads name I went over to ADVFN to check it was a joke for definite.
Biofuels moving back up nicely now, hopefully we'll cross the 2 mark soon.

Going well Frampton,if it can break 200p we could be on our way ! Yes he's a bit of a nutter,Mujahid,,albeit a harmless one...Good luck ..

I don't post over there, but it is one of the better threads to lurk on. There doesn't seem to be loads of interest in Biofeuls over here.
I'm not too concerned by daily movements, so long as there aren't any more hitches, these will be much higher by the end of September. It is nice to see it going back up again though after several down days.