Biodiesel and Ethanol Investing

Agrimoney reports that D1 Oils has become the latest battleground for activist investor Brian Myerson, who has unveiled plans to turn the jatropha group into an African ethanol company. Myerson has proposed buying the oilseeds group to use as a vehicle for floating a cane sugar ethanol venture, Principle Energy, which he is setting up in Mozambique. The takeover would see D1’s jatropha businesses sold-off and its resources used to develop the ethanol business. However, the plans by D1’s biggest shareholder–Myerson has a 27.6% stake-are being resisted by its other directors, who have proposed yet another strategic shake-up.