D1 Oils sees full-year loss wider than expected

Feb 4 (Reuters) - British biofuels technology company D1 Oils Plc
(DOO.L) said on Wednesday its full-year loss would be greater than
expected due to impairment charges related to the closure of its
biodiesel refineries.

The company said it had reduced the holding value of its UK refining
assets at Middlesbrough and Bromborough by about 3.5 million pounds
($5.02 million) due to a delay in their sale as potential buyers were
unable to raise debt finance.

D1 Oils said in continued to talk with a number of interested parties
for the sale of the assets.

The company closed the refineries last year to concentrate on a
venture with BP (BP.L) to develop a non-edible crop, jatropha, as a
biofuels feedstock.

D1 Oils said total planting of jatropha was about 257,000 hectares as
on Dec. 31. This was lower than its previous expectations of 300,000
hectares.

The company provides services for the breeding, development, planting
and harvesting of new varieties of commercial biofuel crops.

D1 Oils' shares, which have lost more than 90 percent of their value
in the past one year, closed at 10.25 pence on Tuesday. ($1=.6977
Pound) (Reporting by Balachander Surianarayanan in Bangalore; Editing
by Gopakumar Warrier)

http://www.reuters.com/article/rbssEnergyNews/idUSBNG34604920090204