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/

Tonker
they did announce they had produced oil at the end of Feb as promised ( albeit a small amount ) so I guess that was a enough to keep the bank happy.
But not enough to keep shareholders happy (or MMs manipulating price)
I would give it until the summer and if no progress in terms of production then call it a day

Not worse than i think Tonker ,i lost faith in this company a long time ago ,they don't tell you anything, and i would'nt put my money in .

Biofuels Corporation PLC
27 March 2006


Biofuels Corporation plc

('Biofuels' or 'the Company')



Former BP senior executive appointed Chairman


Following the announcement last summer that Field Walton intended to step down
as Chairman in due course, the Board of Biofuels is pleased to announce that
Mike Buzzacott has been appointed Chairman with effect from a Board meeting held
today.


A qualified accountant, Mr Buzzacott spent 35 years at British Petroleum plc
('BP') where he held a broad range of senior management positions across Europe
and Asia in the finance, downstream, nutrition and chemicals arenas. He retired
from BP in 2004 as Group Vice President, Petrochemicals.


Mr Buzzacott is currently a non-executive Director of Croda International plc
and Rexam plc and is also an adviser to the Ineos Chemicals Group, a
privately-owned company.


Field Walton, who has stepped down from the Board today, leaves Biofuels having
overseen the successful commencement of production in February at the Seal Sands
plant, one of the largest of its type in Europe and the largest in the UK.


Since the announcement at the end of February confirming first production, the
plant has demonstrated its capability of producing market-quality biodiesel and
the Company is now focussed on ramping up throughput.


The comments by the Chancellor last week, in his Budget speech, re-affirming the
Government's commitment to the reduction of carbon emissions were very
encouraging for the industry. In particular, the Board welcomes the
announcement setting out an incentive regime and volume targets to progressively
meet the 5% target of all fuel sold on UK forecourts to come from a renewable
source by 2010.


Field Walton commented:


I am proud to have been involved with the development of Biofuels from its early
conception through to the successful commencement of production, an appropriate
time for me to hand over the reins.'


Mike Buzzacott commented:


'I am delighted to be joining Biofuels at this exciting stage in its
development. The demand for all biofuels is set to grow dramatically and the
Company is well placed to become the UK's premier producer of biodiesel in the
near to medium term.'

That looks pretty positive to me .

Up 10p to 178p today...looks positive as biodiesels and fuels are certainly the way to the future.

Looking good as gone up to 190p today

Further upside today...buy in...don't say I didn't tell u...

Much as I like BFC, even if their finances are not that stable, I am not convinced that the current level is correct for a first entry.

With their record of meeting deadlines ,and keeping investors informed ,i don't think so ..

The management has changed now with Mike Buzzacott former BP senior executive as the chairman of BFC.

Yes true , but they still have heavy debt ,+ all the missed deadlines in the past year put me off this company for good ,there are too many other quality plays out there .

I think the recent dip and perhaps continued in the market could present a get in opportunity for BFC. I think the potential of BFC is good and it appears a few changes in the boardroom is taking place which is good news. I'm looking for 140 as first entry.

i agree with the sentiment that the recent sell off has presented a good time to buy. I've bought some more, and it looks like the market is rebounding nicely

no not really, down 21 p today, luckily i didnt get in at 140p! DOO have taken a battering as well and I think they could be a better bet at around 200p.

For your portfolio of alternative energy shares, strongly recommend you add GTL ..... it completes a nice little group of slightly different applications

I bought a few GTL shares a year ago but they gave me nothing but losses and fundrasing, however I agree that they do now seem to be back on track and relatively undervalued, thanks Cynic.

confess i am just on a selling tack at the moment .... bit headless chicken i know! ..... making a few bob here and there trading the indices ..... would have been good to be short of bullion today ... down $34.00!

And yesterday, according to bloomberg it lost almost 7%!

BFC not looking good...Morgan Stanley reducing their stake in their shares...SELL

Morgan Stanley has reduced their stakes again today...from 7.86% in October to 4.56% today