Roxas shifts from fuel to industrial ethanol as Phillipine tariff fails
In the Philippines, Roxas Holdings has stated that the Negros Occidentel plant will start shifting from fuel ethanol to potable or industrial ethanol. Ramon Picornell Jr., Roxas Holdings President and COO stated, Our plan now is to cater to the potable because of the lack in tariff to protect us from imported ethanol.” This facility started it’s commissioning in January of this year, but competition from cheaper imports is hurting not just Roxas’s ability to stay profitable, but the largest ethanol producer in the Philippines, San Carlos Bioenergy has had to shut down its plant. Roxas is hoping to go back to ethanol fuel once the Philippine government takes action, preferably in the form of a 20% duty in imported ethanol, especially from Brazil and Thailand.
Category: Fuels
