Plant opening
30 Giugno 2006 - 2:00PM
UK Regulatory
RNS Number:4553F
Biofuels Corporation PLC
30 June 2006
BIOFUELS CORPORATION PLC
("Biofuels" or "the Company")
Official Opening by Prime Minister and Update
Official Opening
Biofuels announces that its first biodiesel production plant, Teesside 1, was
officially opened today by the Prime Minister, the Rt. Hon. Tony Blair, MP.
Teesside 1, the largest such plant in the UK, has capacity to provide a quarter
of the UK's Renewable Transport Fuel Obligation 2010 target for diesel.
Update
The Board is pleased to confirm that it continues to make good progress on
ramping-up production to nameplate capacity.
For June, the Board expects the plant to have achieved a production run-rate of
58% of its 250,000 tonnes per annum nameplate capacity.
All production has been shipped to customers in the UK and mainland Europe at
prices in line with expectations.
Mike Buzzacott, Chairman of Biofuels, comments:
"Biofuels is honoured to have the Prime Minister officially open the new plant.
This underscores the Government's recognition of the vital role biodiesel will
play in reducing greenhouse gases and meeting Kyoto targets.
"We are delighted with the progress the Company is making in ramping up
production to nameplate capacity and in securing a high-quality customer base."
30 June 2006
ENQUIRIES:
Biofuels Corporation plc Tel: 01642 371600
Sean Sutcliffe, Chief Executive
Bob Green, Finance Director
College Hill Tel: 020 7457 2020
Mark Garraway
Gareth David
This information is provided by RNS
The company news service from the London Stock Exchange
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