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/

Wilbs - reference previous dalogue with lukan - look at SYM as a good green partner share to BFC and SEO.

I don't wish to worry anyone, but doesn't todays new look a bit like attempt to disguise a situation of missed deadlines and cost overrun?

>> tallsii

I think there is a bit of that, but at the same time construction seems to be on target, the board seems to be impressive (v. experienced), and although they lost out by hedging the forward prices, at least input costs will be lower. Sp is up slightly.

rgrds
gk

Spending the dosh to get out of the hedge is probably a bullish stance, since they must reckon the future spot price will more than compensate, and so do their bank, IMHO.

Hope you're both right as I have held onto most of my stock!

Does anyone know how many litres there are to a tonne of diesel?

For water, 1 litre is 1000 grammes which is 1 kg
There are 1000 Kg in a tonne
So - um, err, that makes 1000 litres of water to the tonne
But I guess bio-diesel floats on water making it lighter, therefore requiring slightly more volume per given mass, so a few more than 1000 litres per tonne.
Think that's right.

>> stockdog

Sounds like you are hot on these green issues! What's your perspective (ie how do you know about all this stuff) - if that is not too nosy?!

rgrds
gk

Biofuels brings new energy to team
By Ruth Sullivan
Published: February 2 2005 02:00 | Last updated: February 2 2005 02:00

Biofuels Corporation, which is building Europe's biggest biodiesel plant on Teesside, is strengthening its board and management by taking on Robert Green as finance director.


John Charlton, who joined the board as part-time finance director to work on the company's flotation on Aim, will remain on the board and help in the handover.

The appointment comes as the company is aiming to become one of Europe's largest producers of biodiesel, a version of diesel based on vegetable oil. It expects to complete the Teesside plant by July.

Sean Sutcliffe, chief executive, said: "The price outlook for palm oil and ultra-low sulphur diesel remains positive, re-enforcing the medium-term strength of the company, although it has in the short term resulted in additional costs under hedge arrangements put in place around the time of the flotation."

Mr Green, 49, was a former finance director at Wilson Connolly Holdings. Ruth Sullivan


http://news.ft.com/cms/s/bfb1b3d4-74c0-11d9-a769-00000e2511c8.html

wilbs

Well, gallick, I was brought up in a nursery and then later did physics A level - a combination of the two must have stuck. Philosophically renewable energy is a) good per se and b) involves growing green things which is i) nice and ii) helps the CO2 problem.

Am still a bit puzzled how an organic material (made of C, H, O) can produce LESS CO2 when it has also produced less residual nasties. I would have thought less residuals meant more was efficiently oxidised into H2) and CO2 - i.e. more proportionately CO2. Maybe the thermal conversion (from chemical ennergy to heat energy) is more efficient, so uses less overall than mineral diesel.

I particularly like DOO - you all must look at the recent RNS progress - India, Africa, Madagascar, China. It's SP is starting to bubble too, but may be a slightly slower burn (sic) than BFC.

>> stockdog

I have no answers to that one, and I did Physics and Chemistry A levels - although that seems a different world ago!

Will check out DOO.

regards
gk

Looks like some more ethanol has been fuel-injected into the SP again today.

>> stockdog - I like the look of the DOO chart. I will have to do some background reading. Do they have a website?

rgrds
gk

Wow, I liked the look of this one 6 months ago, shame I didnt have any spare cash at the time. Well done you guys who are in though, its going great guns...

gallick - www.d1plc.com does the trick.

Interesting question, can BFC use Jatropha beans in its plant on Teesside - could be cheaper rawstack than palm oil - given both have to be transported from tropical regions??

Food for thought!

Let me know yours.

New high posted today.

Thanks for that stockdog.

I see the goverment are giving 20% tax relief on Biofuels

>>davem

That is a substantial part of the reason for why this stock is going ballistic.

rgrds
gk

Tipped as one of the blue sky portfolio in Shares magazine this week. I will try to get hold of the article.

rgrds
gk

Gist of the article is that the government have introduced a 20p per litre tax discount in the UK for biodiesel. This subsidy is worth over 50 mill per year to Biofuels. Profits could be greater than expected as palm oil prices have fallen.

The current year to March 2005 sees losses widening to around 4 million. In the next 2 years profits should increase to 6 million and 10 million respectively. This gives an untaxed PE of 7.6 next year dropping to 5 in 2007 which one fund manager (not named) describes as dirt cheap.

rgrds
gk