In the Philippines, Green Power Panay Philippines wants to raise $6.47 million in an IPO on the Philippines Stock Exchange to fund a 35MW biomass-based power plant in Mina, Iloilo, Panay. The company already owns 11ha to host the power plant and biomass storage. The IPO is offering 145 million shares in the company at about […]
In the Philippines, the ethanol blending mandate for the fourth quarter has been boosted 7% by volume to 46,065 cubic meters of domestic product. The notice reached oil companies later than usual but even so, market players didn’t think they would be too impacted because of the availability of local ethanol supplies.
In the Philippines, the Sugar Regulatory Administration (SRA) and the Brazilian government are currently drafting a Memorandum of Understanding regarding exchange of information on sugar production techniques. SRA Administratior Ma. Regina Martin recently visited Brazil and said that the Brazilian government was looking to enter cooperations with the Philippines for the use of advanced sugar […]
In the Philippines, Roxas appears to have sufficient supply to compensate for two other producers defaulting on their supply commitments. Universal Robina has defaulted on 4,000 m3 because it hasn’t yet commissioned its facility, while Green Future Innovations will only supply 4,000 m3 compared to the 14,000 m3 allotted.
In the Philippines, Metro Pacific Investments Corporation plans to invest $16 million in a facility that will produce 10,000 liters of biodiesel per day along with 2MW of electricity that will later ramp up to 6MW. Construction on the facility is set to begin in the next three months. It is thought the pyrolosis technology […]
In the Philippines, Roxas Holdings wants to boost the share of biofuel sales to 15% to 20% overall by September, helping to diversify away from sugar. Ethanol production is currently above nameplate capacity of 100,000 liters per day at 120,000 liters per day as the company seeks to eek out efficiencies from water to energy use. […]
In the Philippines, Greenergy Holdings has sold its 60% shareholding in Biomass Holdings to ThomasLloyd Cleantech Infrastructure Fund for $9.24 million. Biomass Holdings’ first project is a 18MW co-generation facility located at the San Carlos ethanol plant that is slated to come online later this year. The other major shareholder is Cleantech Projektgesellschaft.
In the Philippines, the government may suspend the country’s biofuels law that requires power plants to blend with 2% biodiesel to protect the efficiency of the 1,200MW Ilijan natural gas plant in Batangas. Apparently the facility will produce just 480MW of 600MW installed capacity on the one side if it begins using 2% coconut-based biodiesel […]
In the Philippines, the government has set the price for domestic ethanol purchases at between $300 and $470 per cubic meter more expensive than imported ethanol, which oil companies say will weigh heavily on them during the third quarter. The National Biodiesel Board fixes the price that the 10 major oil companies must pay for […]
In the Philippines, Isabella ethanol factory will lay off of 1,200 seasonal workers at the end of the sugarcane crush next month, but then will likely re-hire many of them come October when the crush begins again. The seasonal nature of the work has angered many in the community but the company says it can’t […]