In the Philippines, the mayor of La Carlota city where Roxol Bioenergy’s ethanol plant is located has approved the re-opening of the facility following efforts to significantly reduce odors. The cease and desist order was issued on Sept. 9 for 30 days but was lifted early following the company’s efforts to mitigate the problem that […]
In the Philippines, Roxal Bioenergy’s ethanol plant in Barangay Nagasi, La Carlota City was ordered to stop production for 30 days as of September 9 due to a foul odor that was being emitted from the facility. The company told the national stock exchange that the cease and desist order can be lifted as soon […]
In the Philippines, Metro Pacific is planning to present an MSW-to-energy project that would produce up to 40MW of power from biogas using up to one-third of metro Manila’s MSW. The company had planned to develop a 10,000 liter per day biodiesel facility with Singapore-based GGI Energy but the contract was canceled last year after […]
In the Philippines, the USDA estimates ethanol production in the country will start to ramp up and in turn demand for imports from the US will fall to 281 million liters in 2016 and 278 million liters in 2017 from the 311 million liters imported in 2015 at a value of $170 million. The Philippines […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
