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Company Information for D1 Oils plc
Company stock charts - 12 Month chart
 AIM; DOO
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Company Statement
Growing energy solutions
D1 Oils plc is a UK-based global producer of biodiesel. We are building a global supply chain and network that is sustainable and delivers value from 'earth-to-engine'. Our operations cover agronomy, refining and trading. We are pioneering the science, planting and production of inedible vegetable oils; we design, build, own, operate and market biodiesel refineries; and we source, transport and trade seeds and seedlings, seedcake, crude vegetable oils and biodiesel.
Vision and values
We are building a global supply chain and network that is sustainable and delivers value from "earth-to-engine" via:
Agronomy - the science, planting and production of inedible vegetable oils.
Refining - the designing, building, owning, operating and marketing of biodiesel refineries.
Trading - the sourcing, transport and trading of seeds and seedlings, seedcake, crude vegetable oils and biodiesel.
We will ensure that our operations are consistent with our values
- Entrepreneurial
- Innovative
- Effective
- Responsive
- Responsible
- Sustainable
We place integrity, trust and respect at the core of all we do.
Operations and Technology
Agronomy
D1's agronomy operations cover the science, planting and production of vegetable oils suitable for biodiesel production, particularly Jatropha curcas, our primary biodiesel feedstock.
Jatropha - a new energy crop
Jatropha curcas has the potential to become one of the world's key energy crops. Crude vegetable oil, extracted from the seeds of the jatropha plant, can be refined into high quality biodiesel.
Under optimum conditions jatropha seeds can yield up to 40% oil content. Crude jatropha oil is inedible and its price is not distorted by competing food uses.
Jatropha grows in tropical and subtropical regions in a band around the earth between latitudes 30 degrees north and south of the Equator. Jatropha is hardy and relatively drought resistant. Trees have a lifespan of up to 30 years. Jatropha grows on a wide range of land types, including non-arable, marginal and waste land, and need not compete with vital food crops for good agricultural land.
Seeds are crushed to produce oil for refining into biodiesel. The residual meal (seedcake) left after oil extraction is excellent organic fertiliser and can be burnt for power generation. If the compounds that make jatropha inedible can be removed, jatropha meal has the potential to be a valuable animal feed. Efficient use of byproducts ensures that jatropha growing and processing is economically viable and energy efficient.
D1-BP Fuel Crops Limited
D1 Oils is establishing a global Joint Venture with BP to create a world-leading business in Jatropha curcas.
The new company, D1-BP Fuel Crops Limited, will undertake global planting of jatropha, and will target to plant one million hectares over four years. It will handle all activities necessary for the development of jatropha as a sustainable energy crop, including the planting of trees, harvesting jatropha grain, oil extraction and transport and logistics.
The creation of this major global business to plant jatropha as sustainable biodiesel feedstock is an endorsement by BP of D1's sustainable feedstock strategy. The joint venture has the potential to produce low-cost, volume supplies of inedible oil for biodiesel by using marginal and waste land and land unsuitable for arable crops. Jatropha planting need not compete with high biodiversity value rainforest and is expected to lead to significant job creation and value to local communities.
D1 Oils Plant Science Limited, D1's plant science business, will act as the exclusive supplier of selected, high yielding jatropha seeds and seedlings to the D1-BP Fuel Crops.
Refining
D1 Oils is building its biodiesel refining capacity in the UK in advance of the first deliveries of its own supplies of crude jatropha oil. We expect to commence volume processing of jatropha oil in 2008.
Central to our developing refinery business is the 'D1 20', a flexible, modular biodiesel refinery. The D1 20 can produce 8,000 tonnes of biodiesel per year from a range of vegetable oil feedstocks using a continuous process.
The D1 20's technology and processes are proprietary and are the result of many man years of research and development in the UK.
The D1 20 can successfully refine a range of vegetable oils, including rapeseed, soy, palm and jatropha to European standard EN14214 biodiesel. Our trials have demonstrated that our proprietary refining and pre-processing technology is capable of dealing with a range of potential food and non-food grade feedstocks.
The D1 20 can be used as a standalone refinery or multiple modules can be used to scale up refining capacity as required. Each modular unit is assembled off-site and brought to the site as a complete unit, allowing for increased speed of construction.
An upgraded version of the D1 20, capable of producing 10,000 tonnes of biodiesel per year is currently being commissioned at D1's Teesside site.
We expect to deploy our modular D1 20 refineries into our regional operations around the world.
Trading
A world-class trading capability will be an important factor in our future growth.
We are building capabilities in the transport and trade of seeds, seedlings, and seedcake to underpin our expanding agronomy business.
To support our refining business, we are putting mechanisms and skills in place to obtain crude vegetable oil at the most competitive prices and to secure offtake agreements for the sale of biodiesel on the most advantageous terms.
The principal objective for the trading business in 2006 is to create the global supply chain for nurseries, crude vegetable oil feedstocks and biodiesel.
Geographical Spread
Global operations
The problems of climate change, energy security and poverty in developing nations are global and can only be addressed by solutions that match them in reach and vision.
D1 is a UK-based global producer of biodiesel. We are building a global supply chain and network that is sustainable and delivers value from "earth-to-engine”.
Our international business is presently focused on India, Southern Africa and South East Asia. We also have business operations in a number of emerging markets.
Board of Directors and Key Management
| Lord Oxburgh of Liverpool KBE, FRS | Non-Executive Chairman |
| Elliott Mannis | Chief Executive Officer |
| Richard Gudgeon | Group Finance Director and Company Secretary |
| Steve Douty | Executive Director |
Company AddressGlobal headquartersD1 Oils plcForty Foot Road
|
Additional Address/Key ContactMerseyside office |
CapitalAs of 31 July 2007, D1 Oils plcs capital is 62,163,094 ordinary shares of 1p each |
Annual General Meeting23 May, 2007 |
Nominated BrokersDresdner Kleinwort | Nominated AdvisorsDresdner Kleinwort |
Major Shareholders
| As of 31 July 2007, D1 Oils plcs capital is 62,163,094 ordinary shares of 1p each. |
| Holdings of major shareholders, as registered on 8 June 2007, are listed below. At that date, D1 Oils plc's capital was 61,558,702 ordinary shares of 1p each. |
| Principle Capital Advisors - 6,586,045 (10.69%) |
| BlackRock Investment Management (UK) - 6,090,053 (9.89%) |
| Lansdowne Partners LP - 6,040,474 (9.81%) |
| Gartmore Investment Management - 4,143,763 (6.73%) |
| Director And Related Holding(s) - 3,351,486 (5.44%) |
| Majedie Asset Management - 2,367,251 (3.85%) |
| On 8 June 2007, the number of shares not in public hands as defined in the AIM rules was in aggregate 37,544,772, representing 60.99 per cent. of the issued share capital. |
Related News
19/06/08 - Amid Increasing Doubts About Jatropha After The Saga At D1 Oils, GEM Biofuels Is Sticking To A Low Cost Model17/03/08 - Karl Watkin The First Out The Door As US Subsidies Begin To Bite At D1 Oils And Layoffs Loom
15/07/07 - Joint Venture Between D1 Oils And BP Highlights Value Of Agronomy Assets
Most Recent Statement
06/09/07 - Holding(s) in Company28/08/07 - Holding(s) in Company
16/08/07 - Holding(s) in Company
30/07/07 - Holding(s) in Company
30/07/07 - Holding(s) in Company