Brasil Ecodiesel - Mandatory B2 Start Presents New Challenges to the Industry

RIO DE JANEIRO, Brazil, May 12 /PRNewswire-FirstCall/ -- Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais S.A. ("Brasil Ecodiesel" or "Company") and (Bovespa ECOD3) -- the largest biodiesel producer in Brazil -- announces its results for the first quarter of 2008 (1Q08) and informs its shareholders on developments within the Company and the industry.

1Q08 HIGHLIGHTS
-- B3 determination use as of July 1st by CNPE (National Energy Policy
Council).
-- Production of 70.7 m3 in 1Q08, keeping the leadership in the Brazilian
market.
-- Well succeeded participation in biodiesel auctions held in April.
-- Sales of 86,968 m3 of biodiesel, a 14.8% growth against 4Q07.
-- Conclusion of the plantation of 5,300 hectares of jatropha curcas in
own farms.
-- Net revenue of R$167.3 million, 24.6% higher than 4Q07.
-- Net Loss of R$14.9 million, mainly due to the negative results of March
due to the reduced average sales price in view of the increase in
vegetable oil prices.

CONFERENCE CALLS

Portuguese
Wednesday, May 12, 2008
10:00 a.m. (Brazil)
09:00 a.m. (NY)
Phone: +55 11 4003-9004.
Replay: +55 11 4003-9004.
Code: Brasil Ecodiesel

English
Wednesday, May 12, 2008
12:00 p.m. (Brazil)
11:00 a.m. (NY)
Phone: +1 (973) 935-8893
Replay: +1 (706) 645-9291
Code: 43752281.

First Call Analyst:
FCMN Contact:

Source: Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos
Vegetais S.A.

CONTACT: Investor Relations, Marcos Leite, Brasil Ecodiesel,
+55-21-2546-5007

2008-05-12 22:30:27 0359494 PRNEWSWIRE