D1 Oils Shares Jump
Shares in AIM-listed D1 Oils jumped more than 30% yesterday after the company announced that it was looking to raise capital by selling a "substantial" share of the D1-BP Fuel Crops joint venture it co-owns with BP to plant and harvest jatropha.
D1-BP Fuel Crops is looking to expand its operations by planting 220,000 jatropha trees, and says it needs further investment to develop ways of expelling and storing the oil it gets from the plant.
Jatropha produces an inedible oil feedstock for biodiesel and is able to make use of land not suitable for arable agriculture.
D1 shut down its biodiesel refineries in Middlesbrough and Bromborough in 2008 blaming the widespread "splash & dash" practice for their non-viability.
D1-BP Fuel Crops is looking to expand its operations by planting 220,000 jatropha trees, and says it needs further investment to develop ways of expelling and storing the oil it gets from the plant.
Jatropha produces an inedible oil feedstock for biodiesel and is able to make use of land not suitable for arable agriculture.
D1 shut down its biodiesel refineries in Middlesbrough and Bromborough in 2008 blaming the widespread "splash & dash" practice for their non-viability.
