Siemens undertaking trials - D1 crude Jatropha oil (4945E)
April 07 2011 - 4:41AM
UK Regulatory
TIDMDOO
RNS Number : 4945E
D1 Oils Plc
07 April 2011
D1 Oils plc ("D1" or the "Company")
Siemens undertaking trials of D1 crude Jatropha oil ("CJO")
D1 announces that Siemens, one of the world's leading
manufacturers of gas turbines, are conducting a trial in the coming
week, on behalf of a third party, which involves using CJO to fuel
turbines installed on a high speed ferry.
This is one of three trials being undertaken by three separate
European multinational businesses, for which D1 has recently
supplied over 70 tonnes of CJO. The other trials involve a major
FMCG business using CJO to generate power and a leading specialty
chemicals business converting CJO into bio-based products.
The Directors believe that successful trialling may lead to
offtake deals for a large proportion of D1's planned harvest for
next season and beyond.
Martin Jarvis, CEO, commented: "Demand for the CJO, both in
India and globally, continues to significantly exceed supply. We
welcome the interest of these large, European multinationals
looking to replace their existing oil requirements with CJO due to
its sustainability credentials, attractive pricing and carbon
reduction benefits versus mineral fuel oils."
For further information please contact:
D1 Oils Plc +44 (0) 20 7936 9104
Martin Jarvis
Chief Executive Officer
WH Ireland + 44 (0) 20 7220 0470
Chris Fielding
Brunswick Group + 44 (0) 20 7404 5959
Kevin Byram
Rosheeka Amarasekara
This information is provided by RNS
The company news service from the London Stock Exchange
END
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