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/

Good to see that knockabout humour is still alive and well!!

In the meantime this has just steamed up another 10%.

rgrds
gk

'The plant remains on track, operational in August 2005 and in full production by the end of September 2005'

Quoted from their website and with an updated picture of progress.

http://www.biofuelscorp.com/project.html

wilbs

Like I said, 100p here we come.
wilbs

wilbs - nice pics

Its good to see the progress on their site. August is only 6 weeks away.
wilbs

Must be some news leaking out somewhere of a poss contract???
wilbs

Could be, but more likely to be Friday short closing in an illiquid stock...

Bush was talking about the need to invest in other sourses of energy, biofuels ..etc

talking about what ?

Edging to 100p. Next week should be interesting.

I live in the Algarve,Portugal where the largest concentration of eucalyptus trees is to be found,in Europe.
For the last three years there has been systematic,criminal activity resulting in the destruction of 5% of Portugal's forests,most damage occuring to the eucalyptus plantations.As Portugal was grossly ill equipped to cut and transport such an enormous quantity of burnt timber,the job was farmed out to the old enemy,Spain....believed to be the brains behind the forest fires.The Spanish contractors bought the timber at below market prices and then sold it on for a tidy profit.
Spanish companies BOUGHT thousands of hectares of burnt Portuguese eucalyptus plantations at absurdly cheap prices and it is said that the next crop of trees which will be cut in about eight years'time ,will be processed by German companies( who will buy the timber directly from Spanish owners)and used to make bio-diesel.The Portuguese stand to lose all of the benefits that their eucalyptus plantations could have brought to them!
This is a conspiracy theory doing the rounds at the moment...but I brought it to your attention in order to offer eucalyptus as an alternative source of bio-diesel to palm,rapeseed etc.

Since Eucalyptus rawstock seems to involve destroying the tree and I imagine the trees take some years to grow to maturity, I do not see how this can compete, as a renewable source of bio-fuel feedstock, with annual crop-bearing sources, like palm oil and jatropha beans.

Keep the trees and attract bees and tourists with them - it will be more profitable for the Portuguese landowners I am sure.

sd

Biofuels surges on talk of refinancing deal

Biofuels Corporation surged 25pc yesterday as dealers speculated that the biodiesel group was negotiating a refinancing package.

The talk was that the company, which is paying about 1m a month in a hedging agreement which overestimated diesel prices, is trying to agree more favourable terms with Barclays bank.

Biofuels shares have crashed since the company revealed on April 29 that prices in Germany - its key market - were lower than expected. Only six weeks earlier it had raised money at 230p a share. Yesterday the stock recovered 19 to 96p.

Traders also gossiped that next week Biofuels will announce the date of its full-year results - thought to be July 14. They speculated that management would not release a date unless it had firmer news on sales contracts. Dealers are hoping it will also confirm that completion of its Teesside plant, which has had delays, now remains on track.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/06/11/cxmktrep11.xml&menuId=242&sSheet=/money/2005/06/11/ixfrontmarkets.html

wilbs

Biofuels Corporation PLC
13 June 2005


Biofuels Corporation plc

Notification of results


Biofuels will announce results for the year ending 31 March 2005 on 14 July
2005.


There will be a presentation to analysts at 10.30 that morning at the offices of
College Hill, 78 Cannon Street, London, EC4N 6HH.


13 June 2005

Enquiries:


College Hill 020 7457 2020
Mark Garraway


wilbs

Dear Stockdog,

thanks very much for your feedback/ideas

regards

Sean Sutcliffe

Short and polite - just.

Don't take it personal , it seems like a standard reply.

Biofuel increasingly competitive if oil surge lasts
Tue Jun 21, 2005 10:32 AM ET

By Sybille de La Hamaide
PARIS (Reuters) - Biofuels would be increasingly competitive if crude oil prices, which are back near all-time highs, were to go beyond $60 a barrel, officials at the International Energy Agency (IEA) said on Tuesday.

Soaring oil prices have encouraged major consumers worldwide to sharply increase their use of "green" biofuels, made from sugar cane, vegetable or grain oils.

But in most parts of the world the additional costs for producing biofuels make the fuel uncompetitive without hefty tax rebates from governments.

"Biofuels are getting more competitive due to the surge in oil prices but these would need to be somewhere between $60 and $100 a barrel for biofuels to be competitive without subsidies," IEA biofuel specialist Lew Fulton said after a seminar on biofuel options.

U.S. crude oil futures hit another all-time record on Monday at $59.52 a barrel as worries over fuel demand festered amid limited U.S. refinery capacity.

An exception is Brazil where ethanol, made from sugar cane, is competitive without subsidy when oil prices are at $35 a barrel, said Brazil's ambassador to Paris, Sergio Silva do Amaral.

The IEA renewed its estimate that all biofuels -- ethanol and biodiesel -- had the potential to reach 10 percent of world fuel use for transport by 2025.

But Fulton said a more realistic estimate was that global ethanol consumption should be between four and five percent of gasoline use by the end of the decade.

"That would be a very big achievement but a lot will depend on oil prices," he said.

Last year the world produced about 30 billion litres of fuel-ready ethanol from fermenting and distilling mainly sugar or corn. In oil terms, that's more than 500,000 barrels per day (bpd), two percent of global gasoline use.

The European Union last year set a non-binding target of 5.75 percent biofuel content by 2010, but missed a more modest 2 percent target this year; Japan allows the use of up to 3 percent ethanol, but does not require it.

The United States, the world's top oil consumer and No. 2 biofuel producer, set a target of doubling ethanol production to 8 billion gallons by 2012 -- over 500,000 bpd and more than 5 percent of current gasoline use.

wilbs

A major factor could be the Chinese starting off with very high bio-diesel quotas for all the personal car ownership about to happen. They could get DOO to JV with them on planting milliions of hectares of jatropha beans and JV with BFC to build a few large-scale plants - then pass a law to say all private vehicles must use at least 25%-50%(??) bio-diesel. It would also have a massive positive impact on their balance of payments.

Without this, when car-ownership in China reaches 50% that of the West, 5% bio-diesel will not amount to a piss in the ocean (or more aptly a fart in the sky).

IMHO - you tell 'em Wilbs (interesting post btw - almost oracular - good old Sybille)

sd

SHARE MAGAZINE

"BIOFUELS PLANT FINALLY READY TO OPEN by: Susanna Twidale

Investors are anticipating that Biofuels Corp (BFC:AIM) will announce that its Middlesborough plant, which has been hit with delays, will finally be ready to open at the results due 14 July.

There is also speculation that the company will announce it has secured more favourable terms for its refinancing deal with Barclays Bank. The company is thought to be losing money on a poor hedging deal that overestimated future diesel prices and the shares have plummeted from
highs of 311p in March to lows of 70.5p in May. The stock has seen a
resurgence in trade over the last few weeks with investors
hoping that the good news will come and bring with it a
recovery in the share price."

Nice one mm. Ive not even opened my mag yet.