BFC Biofuels

RNS Number:6785I
Biofuels Corporation PLC
08 September 2006

Biofuels Corporation plc

("Biofuels" or "the Group")



Analyst Site Visit & Business Update


Biofuels is today hosting an analyst visit to its Teesside 1 plant at Seal
Sands.  Ahead of this visit, the Group is issuing the following update.


During the first week of September, Biofuels successfully started a test trial
period during which the Teesside 1 plant was run at varying high rates of
production capacity.  To date, the plant has achieved    30 tonnes per hour
production levels, approximate to 91% of maximum plant throughput capacity.


This follows production levels achieved in July of 65% of nameplate capacity and
production levels in August of 53% following a number of technical issues,
typically associated with a new plant, which have been resolved.


Demand for biodiesel continues to grow strongly in the UK and Continental Europe
reinforcing the Group's belief that the level of demand will continue to
outstrip supply.  As a low-cost producer, the Group is well-placed to benefit
from strong demand levels and, whilst selling all biodiesel produced, continues
to record sales at prices in line with expectations.


The Group remains within the banking facilities that were agreed in May, and
expects to continue to be so. In addition, due to prudent cash management, the
#7.3 million proceeds of its recent share placing remain available to provide
additional working capital and funding for the design of additional plant
capacity.



                                                                8 September 2006

Enquiries:


Biofuels Corporation plc                      01642 371 600
Sean Sutcliffe, Chief Executive
Bob Green, Finance Director

College Hill                                  020 7457 2020
Mark Garraway
Gareth David




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCUUUWABUPQUQR

Grafico Azioni Biofuels (LSE:BFC)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Biofuels (LSE:BFC)
Storico
Da Mag 2023 a Mag 2024