Fri 20 Jul 2007
LONDON (SHARECAST) - D1 Oils founder Karl Watkin took advantage of recent share price strength, offloading £670,000 of shares in the company which has doubled in value since March.Watkin sold 250,000 shares in the biodiesel producer at 268p each, but still holds 2.6m shares or 4.19% in the company.
Last month, D1 announced it plans to establish a global joint venture with BP to create a world-leading business in Jatropha curcas: D1-BP Fuel Crops Limited.
It said the target is to plant 1m hectares over four years. BP will provide working capital of £31.75m through equity in the joint venture. Total joint venture funding will amount to approximately £80m over five years.
Jatropha is an oilseed tree that grows in tropical and sub-tropical regions and produces high yields of inedible vegetable oil that can be used to produce high-quality biodiesel.
D1 Oils (DOO)
Director name: Mr Karl E Watkin
Amount sold: 250,000 @ 268.00p
Value: £670,०००
