In the Philippines, Platts reports that domestic ethanol prices soared more than 7% in March to $1,035.2/cu m, the highest in 13 months. Higher prices were driven by a more than 20% increase in molasses prices, themselves at a six-month high. With sugar-based drinks taxed less than those made from high fructose corn syrup, sugar […]
In the Philippines, Platts reports that the reference price for domestic ethanol rose another 5% in February to $965/cu m compared to the average CIF Philippines price for the month of $489.95/cu m. Domestic producers are discounting their prices by almost 10% in an effort to attract demand in light of imported ethanol costing about […]
In the Philippines, Platts reports that higher US ethanol prices and a premium for fuel shipped out of the US Gulf Coast region have boosted CIF Philippines imported ethanol prices to $514/cu m, the highest seen in 10 months. With arbitrage windows into both China and Brazil wide open, exporters are taking advantage of the […]
In the Philippines, Davao City created a government program to recycle used cooking oil into biodiesel, the first in the country. Every month, the city is collecting more than 10,000 liters of used cooking oil and converting it at a facility set up in 2017 with technical help from Japan. The facility is self-sustainable using […]
In the Philippines, Platts reports the Q2 domestic ethanol allocation has been set at 73,650 cu m, broken down into monthly allotments for April, May and June of 24,550 cu m. The total quarterly quota for Q2 is 2,140 cu m lower than Q1 and 3,250 cu m lower than Q2 2017. After rising ethanol […]
In the Philippines, Platts reports that domestic ethanol prices rose by another 4% in January to $893/ton compared to $471.24/cu m for CIF Philippines. Molasses prices rose during the month, leading to higher production costs for distillers. The government requires a certain amount of domestic ethanol to be purchased monthly based on quotas established on […]
In the Philippines, Platts reports the domestic ethanol price rose more than 3.5% to 91 cents per liter during the first half of January, continuing to strengthen over the past two months after having recovered from a sharp 17.7% fall between H2 July and H2 November. The higher price is attributed to higher molasses prices. […]
In the Philippines, a local entrepreneur has won several awards for the fuel additives he developed from used cooking oil that improves performance by rearranging the molecular structure of diesel, gasoline and motor oil. The product, called EFQ fuel and oil additive, is said to improve fuel combustion efficiency and reduce emissions. The inventor began […]
In the Philippines, Roxal Bioenergy has been issued a cease and desist order by the provincial government to stop ethanol production following emissions of a foul odor coming from the wastewater treatment pond over three days in October. In April, the company was slammed for a fishkill that was the result of some of its […]
In the Philippines, oil companies will be required to purchase and blend 75,790 cu m of domestically-produced ethanol during Q1 2018, 7,040 cu m higher than 68,750 during Q4 this year but roughly in line with the 75,835 cu m set for the local monthly allocation in Q1 2017. The quarterly volume was set by […]
