UK Biodiesel Firm to Float on London Stock Exchange

Biodiesel is a renewable fuel that can be an alternative or an addition to petroleum diesel, which significantly reduces carbon emissions.

LONDON (Dow Jones)--U.K. biofuel company D1 Oils is hoping to raise GBP20 million when it floats its shares on London's junior stock market, the company said Sunday.


The public offering will go live on the London Stock Exchange's Alternative Investment Market for smaller, growth companies, in about two weeks, a spokesman said Monday.

Biodiesel is a renewable fuel that can be an alternative or an addition to petroleum diesel, which significantly reduces carbon emissions.

European regulations clamping down on the output of climate changing gases have been encouraging the introduction of biodiesel into their transport fuel mixes.

Demand for biodiesel in Europe is growing at about 14.5% a year. Sector experts predict E.U. demand for biodiesel to reach 10.5 billion litres by 2010, at which point European production will satisfy less than half of market's requirements.

D1 Oils reckons it has tapped into a preferred source of the fuel - a durable, bushy tree called Jatropha that grows in tropical and subtropical countries and isn't eaten by animals.

The company has already begun planting on some of its 37,000 hectares of land in Africa, India, and South East Asia. Each hectare is expected to yield 3,000 litres of the crude vegetable oil fuel.

Rival Australian-owned Biofuels Corporation also announced plans to list on AIM in June.

Featured Product

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack TDP™ Turnkey Trackers are the next generation, single-axis solar tracker solution, complete with comprehensive services and support. What sets this tracking solution apart is its updated tracking technology bundled with a full suite of best-in-class project services and support for commercial and utility-scale solar customers. The TDP Turnkey Tracker offers the lowest total cost solution by providing the only tracker in the industry that includes full design, installation, commissioning, and support services bundled in one contract. Solar FlexRack's TDP Solar Tracker solution is supported by an in-house team of experts that includes mechanical, structural, civil, electrical and geotechnical engineers and geologists. To learn more about Solar FlexRack's TDP Turnkey Tracker, one of the most cost-effective and comprehensive tracker solutions available, please visit: http://solarflexrack.com/products/tracker.