In the Philippines, Business World reports that the shortage of molasses that has led to prices so high that ethanol production will soon become inviable due to oil companies refusing to pay top dollar for domestic ethanol despite the quota system requiring its purchase will now come under investigation by a Congressional committee following the […]
In the Philippines, Reuters reports that the government has cut its quarterly ethanol quota by just over 2.5% for Q4 compared to Q3 at 88,800 cu m, which breaks down to 27,100 cu m for October, 31,000 cu m for November and 30,700 cu m for December in response to expected availability of domestic ethanol […]
In the Philippines, legislators from both chambers are coming together in an effort to find a way to increase imports of molasses feedstock for ethanol producers in light of tight domestic supplies that risks making ethanol prices even more inviable than the typical 2:1 price differential with landed imported ethanol. The Sugar Regulatory Agency insists […]
In the Philippines, the Sun Star newspaper reports that ethanol producers are seeking permission to import molasses for feedstock due to the high prices of domestic molasses supplies. El Niño is expected to boost sugarcane yields for the next crop but this season was poor, leaving less molasses availability that has pushed up prices beyond […]
In the Philippines, Platts reports that ethanol prices have risen again during the first half of March to $1,197/ cu m, nearly 2% higher despite molasses prices rising more than 6% during the second half of February. Landed CIF Philippines prices were $466/63/cu m during H1 March. Molasses prices are seen easing coming July when […]
In the Philippines, D&L Industries, a food and plastic input manufacturer, has launched a new product in partnership with Japanese firm Showa Denko as an alternative to the conventional plastic bag. The new product is the Bionolle Starcla, an environmentally-friendly bag made from 100% plant-based materials. Bionolle Starcla is a starch-based biopolymer that can be […]
In the Philippines, the government’s Congressional Oversight Committee on Biofuels will conduct a hearing on the Department of Agriculture’s proposal to increase the amount of coconut in biodiesel from the current 2% to 5%. Agriculture Secretary Emmanuel F. Piñol has been pushing for a higher coconut content in biofuels in order to help improve copra […]
In the Philippines, Platts reports Sugar Regulatory Agency data shows record molasses prices pushed domestic ethanol prices to $1,165/cu m during the first half of February. Molasses prices rose to $194.85/mt during the first half of the month bringing ethanol prices to an equivalent of $0.83/liter. Sugar prices also rose during the period to $588.2/mt, […]
In the Philippines, Platts reports that Q2 domestic ethanol quotas were set at 38% higher on the year at 99,650 cu m thanks to an increase in the number of producers, though it is only 7.5% higher than those set for Q1 2019. During the first half of January, domestic ethanol prices were running at […]
In the Philippines, Platts reports that domestic ethanol prices skyrocketed in December to more than 25% above those seen in December 2017 at a whopping $1,101.40/cu m on the back of rising feedstock prices at roughly US$0.70 per liter of molasses. Sugarcane feedstock was lower at US$0.55 per liter. Though the month-on-month increase was only […]
