Tag: Philippines

Philippines cuts ethanol quota for Q4 by 4,500 cu m per month

Philippines cuts ethanol quota for Q4 by 4,500 cu m per month

July 28, 2016 |

In the Philippines, the Sugar Regulatory Authority has lowered the monthly allocations for ethanol supply during the fourth quarter by 4,500 cu m to 62,400 cu m. Ethanol production will ramp up during the last part of the year, from 18,000 cu m in October to 24,100 cu m. Oil companies must buy ethanol from […]

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US ethanol wants a home in the Philippines but it’s weighing on prices

US ethanol wants a home in the Philippines but it’s weighing on prices

July 26, 2016 |

In the Philippines, ethanol prices have fallen dramatically in light of significant volumes of US ethanol looking for a home in Asian markets. CIF prices fell to $490/cu m, the lowest since mid-March, from a recent high of $569.33/cu m on June 15. Prices are closely following corn futures south, which matched with export premiums […]

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Philippines looking at B5 but concerns about higher biodiesel prices

Philippines looking at B5 but concerns about higher biodiesel prices

June 16, 2016 |

In the Philippines, the government is considering a B5 policy but is concerned about potential negative impacts from high coconut biodiesel prices. The current policy blends 2%. Local biodiesel is about three times higher than fossil diesel prices at around $1,400-1,500/mt ex-refinery basis. The fuel is mainly used in public transport, which could drive up […]

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Philippines dissolves PHILBIO Renewable Energy Resources for illegally selling securities

Philippines dissolves PHILBIO Renewable Energy Resources for illegally selling securities

June 8, 2016 |

In the Philippines, PHILBIO Renewable Energy Resources Corp. has been busted by the Securities and Exchange Commission and had its business registration revoked for selling securities in a purported biodiesel project without having the right to do so. The company told investors they would receive 180% returns on their investments per year. Questions about the […]

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Philippines ethanol prices hit 10-week high following US market higher

Philippines ethanol prices hit 10-week high following US market higher

May 18, 2016 |

In the Philippines, CIF ethanol prices have hit a 10-week high to $537.33/cu m thanks to higher ethanol futures prices in the US and higher freight rates out of the US Gulf and Far East. Freight is expected to remain high due to methanol arbitrage into China from the US. Prices have risen 5% since […]

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Roxas looks to raise $25.6 million from existing investors to fund ethanol

Roxas looks to raise $25.6 million from existing investors to fund ethanol

March 21, 2016 |

In the Philippines, Roxas is looking to raise $25.6 million in a stock rights offering of 265.97 million common shares to existing shareholders in order to expand its ethanol business, primarily for capital needs of its new acquisition San Carlos Bioenergy. Existing investors First Pacific Natural Resources Holdings, BV and First Agri Holdings Corp have […]

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Philippines’ DOJ backs bill to exempt power plants from biodiesel blending

Philippines’ DOJ backs bill to exempt power plants from biodiesel blending

February 25, 2016 |

In the Philippines, the Dept. of Justice has backed a push to exempt natural gas power plants from mandatory biodiesel blending. A bill in each of the two legislative houses seeks to amend the 2006 biofuel law that required the blend in an effort to reduce rolling blackouts during the summer months when the power […]

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First Pacific chooses Roxas as Philippines’ sugar and ethanol winner

First Pacific chooses Roxas as Philippines’ sugar and ethanol winner

February 18, 2016 |

In the Philippines, following the divestment of its minority stake in Vitorias Milling, First Pacific will reinvest those funds in further developing Roxas’ ethanol and sugar production. Last week, Roxas announced an upcoming rights issue where First Pacific plans to focus the more than $45 million it liquidated from Vitorias. First Pacific bought into Roxas […]

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Philippines ethanol production capacity to reach 80% of E10 in 2016

Philippines ethanol production capacity to reach 80% of E10 in 2016

December 29, 2015 |

In the Philippines, the Sugar Regulatory Administrator expects more ethanol production in 2016 thanks to two new facilities coming online during the first quarter, the Absolut Distillery and Emperador Distillery, that will both use molasses as feedstock. The 40 million liter Cavite Biofuels Producer should come online by the end of 2016 as well, bringing […]

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Absolut Distillers to invest $10.7 million in new ethanol plant in the Philippines

Absolut Distillers to invest $10.7 million in new ethanol plant in the Philippines

October 20, 2015 |

In the Philippines, Absolut Distillers will invest $10.7 million in a new ethanol distillery to supply the 10% ethanol blending mandate. The sugarcane mill will produce up to 2,000 metric tons of juice per day that will then be distilled. Plans are also underway to set up co-generation to supply power to the national grid. […]

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