06 July 2006 12:58 [Source: ICIS news]
LONDON (ICIS news)--Start-up ?xml:namespace>
The biodiesel maker, which plans to produce the blendstock from crude jatropha oil, has attracted wide interest.
Shares in the firm rose in value by 7% on Tuesday and 10% on Wednesday to reach 304 pence following speculation that an oil major was interested in the firm.
D1's board said it had been in preliminary discussions with a number of parties and said those talks may or may not lead to an acquisition of the company.
D1 Oils operates four biodiesel units at a refinery in
By the year end the company exempts to increase biodiesel production capacity to 72,000 tonnes/year a move that will require vegetable oil shipments of 6000 tonnes a month.
In advance of the availability of crude jatropha oil, D1 Oil’s primary feedstock, the plants are producing biodiesel from food grade vegetable oils. The hedge plant jatropha is found in the Caribbean, Africa, and
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