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/

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.

jimmy took my profits on Fpa and Nlr and gone into this one and Igg --hope I did the right thing looking good so far! I hope to get back into my old favourite Nlr soon though.

moneyplus, welcome, this looks good to go back to 300p (i hope) lots of positives here,,as Frampton says we don't need any more hitches..Good luck.

Metals strengthened yesterday on weakness in the dollar with Silver reaching 730c and October Gold back up to 435.0, dealers are long and are pushing for a return to the highs of June at 447.50. Oil, Natural Gas and Heating Oil all hit fresh highs yesterday on fears that regime change in Saudi may signal a hardening of views over oil production levels. It is expected that OPEC will signal a change to a target range of $40-$50 per barrel from the current $28. Oil is now off at 61.00-61.08 and looking for further news to send it higher. Bears are taking some relief but the pressure is still to the upside.

http://icteesside.icnetwork.co.uk/0400business/commercialproperty/tm_objectid=15809144&method=full&siteid=50080&headline=ideal-new-home-name_page.html

Ideal new home Aug 2 2005
Ian Mcneal, Evening Gazette

Biofuels Corporation, which is building the WORLD'S largest biodiesel plant on Teesside, has moved into new offices in Billingham.

The company, which is close to COMPLETING its 28m facility at Seal Sands, has moved into 7,500sq ft offices at Belasis Hall Technology Park.

It has relocated from Belasis Business Centre, where it was based in three individual office suites.

Sean Sutcliffe, Biofuels Corporation chief executive, said the move was required to bring together staff and facilities and to allow for future EXPANSION.

He said: "Belasis Hall is an ideal location as it is safe, secure and has fantastic landscaped surroundings.

"As we were happy with the location of our existing offices but needed something similar to grow into, we decided to look into relocating to larger premises at Belasis.

"The new offices are perfect as they allow us to stay where we are and our staff don't have the inconvenience of moving."

Biofuels' Seal Sands plant is expected to begin full operation at the end of September.

The facility will produce 250,000 tonnes of fuel a year, which is produced from oilseed rape.

Belasis Hall Technology Park is owned by Buildings for Business, a joint venture between property firm UK Land Estates and regional development agency One NorthEast.

Sir Ian Wrigglesworth, UK Land Estates executive chairman, said: "We are delighted to be able to satisfy the expansion needs of any tenants, especially one as interesting and groundbreaking as Biofuels.

"We wish the company every success in its ambitious plans for growth."

Biofuels has been supported with a 1.2m Regional Selective Assistance grant by One NorthEast.

Margaret Fay, One NorthEast chairman, said: "It is welcome news that Biofuels has been able to meet its expansion plans so close to its existing home which is testament to the quality of business space available in the Tees Valley."

Europe warned of diesel shortfall by 2015
By Thomas Catan in London
Published: August 9 2005 22:04 | Last updated: August 9 2005 22:04

Europe will face a severe shortage of diesel fuel within 10 years unless large additional investments are made in refineries, according to Wood Mackenzie, the oil consultants.

In a study due to be released on Wednesday, Wood Mackenzie says that current investment plans will leave Europe with a shortfall of 50m tonnes of diesel a year by 2015 about a fifth of projected demand.

Anyone still holding these,,this still looks a good bet to me, plant due to open soon,wilbs are you still in , i am ..

I am still holding. I have high hopes for these in the next couple of months. As you say, plant opening very soon, so long as they confirm there are no more delays, these will fly.

Framton , we have lift off , ( I hope ) !

Brilliant! I've been out most of the day so this is a nice rise to come back to (this is my second biggest holding after SEO so I'm hoping for a good few months).

We did have lift off , then we landed again, they can't hold this back much longer.