Tag: Philippines

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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Japanese development agency to set up UCO biodiesel facility in the Philippines

Japanese development agency to set up UCO biodiesel facility in the Philippines

October 19, 2015 |

In the Philippines, the Japan International Cooperation Agency will set up a used cooking oil to biodiesel program in Davao City, the only project of its type to be approved in the country by the donor agency. The project’s validation study is currently underway with research into UCO availability from households and industrial suppliers. The […]

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Philippines not likely to implement B5 in 2015 as study results delayed

Philippines not likely to implement B5 in 2015 as study results delayed

September 21, 2015 |

In the Philippines, the Dept. of Energy is still waiting for a study from the National Biofuels Board analyzing the impact of the proposed biodiesel blending mandate increase to 5%, which is expected to delay the implementation of the policy that was set for December. Blending is currently set at 2%. A separate study on […]

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Philippines ethanol plant shut down for fishkill

Philippines ethanol plant shut down for fishkill

August 13, 2015 |

In the Philippines, after having being fined for pollution that has led to fishkill in nearby watersheds, the Universal Robina Corp ethanol distillery in Negros Oriental has been forcibly closed until the required upgrades to eliminate negative environmental impacts have been implemented. The area where the plant is located is home to extensive whale and dolphin […]

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Philippines could see $770 million in biofuels investment in 2016

Philippines could see $770 million in biofuels investment in 2016

August 11, 2015 |

In the Philippines, investments in biofuels are meant to double to $770 million in 2016 from $386 million in 2015 and from $206 million in 2012. The 10% ethanol mandate led to displacement of about $75 million worth of fossil fuels in 2014. The implementation of the E5 and later E10 blending mandates has encouraged investment in […]

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URC to pay fines and implement upgrades following complaints of foul odors

URC to pay fines and implement upgrades following complaints of foul odors

August 4, 2015 |

In the Philippines, Universal Robina Corp has agreed to pay the fines associated with operating its ethanol plant in Barangay Tamisu, Bais City, Negros Oriental without an air pollution source equipment. In addition the company has agreed to concrete its containment pond within 90 days of signing the agreement that was dated July 24. It […]

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