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D1 Oils

D1 Oils has sold its 50-acre biodiesel refining site in Bromborough to Organic Waste Management for undisclosed terms.

D1 Oils has sold its mothballed biofuels plant in Middlesbrough to AV Dawson, and is now in negotiations to sell its site on Merseyside.

D1 Oils has raised £49m in a share placing to fund the expansion of its Middlesbrough-based alternative fuels business.

D1 Oils is to invest up to £8m in the development of a biodiesel production plant at Bromborough on Merseyside during 2007, having acquired a 47-acre site from Lubrizol.

D1 Oils is aiming to build its first biodiesel refinery on Teesside, in order to produce 8,000 tonnes of biofuel a year, having previously announced plans to move its test refinery to Billingham Industrial Estate.

D1 Oils has announced plans to set up a biodiesel research facility on a 60,000 sq ft site at the Billingham Industrial Estate on Teesside, with the creation of up to 30 jobs.

D1 Oils is raising £25m in a share placing to fund the development of biodiesel production projects in China, Saudi Arabia and India.

D1 Oils is planning to raise £20m in a flotation on Aim this autumn, as part of a strategy to become a leading supplier of environmentally-friendly biodiesel with the creation of 100 jobs in the north-east.

D1 Oils is to create at least 100 jobs on Teesside, in order to develop bio-diesel production technology for use in plants around the world.