San Carlos Bioenergy relaunches Philippine ethanol as sugar prices tumble

In the Philippines, San Carlos Bioenergy has brought its 38 million liter per year ethanol back online after more than a year offline due to high molasses prices. Sugar prices have fallen by more than a third in the country, meaning the byproduct’s value has fallen as well due to significantly more supply.

As such, the company thinks that profit margins are favorable for the industry at the moment. Expansion plans to scale up to 40 million liters per year however are on hold to see how the market pans out.