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Article: BIOFUELS: D1 Oils goes back to its roots.
- Article from:
- Process Engineering
- Article date:
- May 23, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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D1 Oils plc has announced that it is shutting down its UK biofuels refining and trading operations, which are based at Middlesbrough and Bromborough, and will instead concentrate on the upstream breeding, development and planting of new varieties of commercial biofuel crops. The 273-employee company announced the move alongside losses of #46.1 million in a preliminary results statement for 2007.
Company executives blamed the closures on the impact of rising feedstock prices and imports of heavily subsidised US biodiesel.
"Refining food-grade vegetable oils into biodiesel in Europe has developed into a highly competitive market in which only very large- ...