D1 Announces First Third-Party Deal


 

TIDMDOO 
 
RNS Number : 8504V 
D1 Oils Plc 
17 July 2009 
 

17 July 2009 
D1 Announces First Third-Party Deal to Supply 
Jatropha Technology and Services 
 
 
D1 Oils plc ("D1" or "the Company") announces that it has agreed terms in 
principle with Bedford Biofuels for the supply of plant science and planting 
technology and services over a five year period. Bedford Biofuels is a privately 
held Canadian company with commercial Jatropha curcas plantations in Kenya and 
Zambia for biodiesel production. 
 
 
Under the terms of the proposed agreement, D1 would license on a non-exclusive 
basis technology acquired through D1's agronomy research and breeding 
programme to Bedford Biofuels. The agreement once entered into would also offer 
a framework for the sale of technology consulting services and Jatropha planting 
seed and seedlings. Intellectual property rights would remain in D1 ownership. 
 
 
The contract in its final form has been agreed in principle, but will not be 
executed or have legal effect until the sale of BP International's shares in 
D1-BP Fuel Crops Limited has been completed in accordance with the sale and 
purchase agreement announced earlier today. The BP sale will take place only 
following the passing of relevant resolutions at a D1 shareholders' meeting. 
Resolutions for this purpose are proposed at D1's forthcoming Annual General 
Meeting on 23 July 2009. 
 
 
Commenting on the agreement, Ben Good, Chief Executive Officer of D1 Oils, said: 
 
 
"Generating revenue through the sale of plant science and planting technology 
and services to the growing number of new Jatropha projects worldwide is a key 
element of our strategy as we restructure the D1 business by merging our plant 
science and planting operations.  We are seeing increasing interest from third 
parties in paying for access to our technology and knowhow in plant breeding, 
agronomy research and meal processing for Jatropha. We are very pleased 
with this initiative with Bedford Biofuels and we anticipate further development 
of this area of our business as the Jatropha industry matures and commercial 
planting operations expand." 
 
 
David McClure, President and Chief Executive Officer of Bedford Biofuels, 
commented as follows: 
 
 
"We are immensely impressed with the work D1 has done and the headway it 
has made with Jatropha. The research and development D1 has produced is exactly 
in line with our business strategy to supply the growing world demand for 
non-food-crop biofuel. We couldn't be more excited to have forged a relationship 
with D1, which we feel will be of tremendous mutual benefit to our business 
endeavours." 
 
 
Contacts 
D1 Oils: 
Graham Prince, Head of Corporate Communications 
Tel: +44 (0) 20 7367 5600 
Mobile: +44 (0) 7973 323840 
 
 
Bedford Biofuels: 
David McClure, President and CEO 
Bedford Biofuels 
Tel: +1 403 648 6100 
 
 
Brunswick Group: 
Camilla Gore / Kevin Byram 
Tel:+44 (0) 20 7404 5959 
 
 
Piper Jaffray: 
Michael Covington / William Carnwath (Qualified Executive) 
Tel: +44 (0) 20 3142 8700 
 
Notes to Editors: 
D1 Oils plc is an alternative energy crop company. We are pioneering the 
development of Jatropha curcas, a robust, tropical oilseed bearing tree, into a 
new sustainable energy crop that has the potential to replace food crops as a 
source of biodiesel. Jatropha is a hardy crop that is able to grow on a wide 
range of soils, including soils which are sub-optimal for arable agriculture. 
Its grain is crushed to produce inedible oil for biodiesel and meal that has the 
potential to be processed into a high-value, protein source for animal feed. We 
have an established plant science and planting programme for Jatropha, and we 
provide commercial technology and services to the emerging Jatropha sector, 
including the breeding and selection of Jatropha seeds and seedlings, the 
development of planting practices and husbandry methods, and the harvesting and 
processing of Jatropha oil and meal. 
 
 
Bedford Biofuels (www.bedfordbiofuels.com) is an Alberta, Canada-based 
environmentally responsible "oil" company committed to maximizing production 
yields, environmental benefits and humanitarian efforts. Bedford has engaged the 
world's leading experts in seed and plant science, agronomy, plantation 
management and forest in relation to Jatropha production. As a result, Bedford 
is poised to become a biofuels industry leader. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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