5th Oct 2006 07:01
D1 Oils Plc05 October 2006 5th October, 2006 D1 Oils Concludes First Major Offtake Deal for Biodiesel D1 Oils plc (D1), the UK-based global producer of biodiesel, has concluded itsfirst major UK offtake contract for biodiesel. The contract covers the sale ofapproximately 24,000 tonnes of biodiesel over a twelve month period to Petroplus Refining Teesside Limited, a division of Petroplus, the UK's largestindependent refiner of crude oil and distributor of petroleum products.Petroplus has a leading position in the UK commercial diesel market and is amajor supplier of biodiesel through its Bio-plus branded fuel. This contract accounts for approximately three quarters of the first commercialproduct from D1's newly commissioned D1 20 refineries now operating inMiddlesbrough. D1 currently has 32,000 tonnes of operating refining capacity in Middlesbrough and expects to expand UK production capacity to 320,000 tonnes bythe end of 2007 and 420,000 tonnes by the end of 2008. The first deliveries toPetroplus are expected to take place before the end of the year. Elliott Mannis, D1's Chief Executive Officer, stated: "We are proud to announce our first major UK offtake contract for biodiesel andto welcome Petroplus as our first major client. All four of our Middlesbroughrefineries are now in beneficial operation and producing biodiesel for sale. We are delighted that our commercial product will be supplied to the market underone of the UK's established biodiesel brands. We aim to conclude furtheragreements in due course to sell out the balance of production of the Teessidesite, which we have brought to full commercial operation in less than sixmonths." Stephen Thomason, Marketing Director of Petroplus Refining Teesside Ltd stated: "Petroplus is very pleased to have concluded an offtake agreement with a localbiodiesel manufacturer in the North East. We are looking forward to asuccessful working relationship with D1 Oils plc." Contacts D1 Oils:Graham Prince, Head of Corporate CommunicationsTel: +44 (0) 1642 755580Mobile: +44 (0) 7973 323840 Brunswick Group:Kevin Byram / Mark AntelmeTel: +44 (0) 20 7404 5959 Notes to Editors D1 Oils plc is a UK-based global producer of biodiesel. We are building a globalsupply chain and network that is sustainable and delivers value from'earth-to-engine'. Our operations cover agronomy, refining and trading. We arepioneering the science, planting and production of inedible vegetable oils; wedesign, build, own, operate and market biodiesel refineries; and we source,transport and trade seeds and seedlings, seedcake, crude vegetable oils andbiodiesel. Our vision is to be the world's leading biodiesel business. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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