23 May 2007 14:14 [Source: ICIS news]
“Work on the first phase of operations to convert the existing facilities for production of biodiesel at Bromborough is on track, and the UK Environmental Agency has now confirmed that biodiesel processing can be undertaken at the site within our existing permit,” said Lord Oxburgh at the company’s annual general meeting.
D1 Oils acquired the 47-acre site last year from ?xml:namespace>
Production of fuel and lube additives and specialty monomers at the Bromborough site had been transferred to Lubrizol’s facilities in
“We believe biofuels, and in particular biodiesel, offer a means to secure cost-effective supplies of sustainable transport fuel in the medium term,” said Lord Oxburgh.
“Biofuels are increasingly supported by national and regional policy initiatives,” he added.
However, he added that meeting
“The short-term impact of lower diesel prices and increased food-grade feedstock costs is now significantly impacting industry margins, and we believe it prudent to plan for edible vegetable oil prices remaining relatively high for the foreseeable future,” he said.
“Having protected our margins by securing supplies of soya at significantly lower prices earlier in 2006, we are exploring alternative avenues to meet our offtake commitments.”
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