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 […]
In the Philippines, Platts reports that imported ethanol prices basis CIF Philippines fell to $415.33/cu m earlier this week, a four-month low US ethanol prices continue to fall. Argo Ethanol prices fell to 15-year lows earlier in the week as production continues to pass more than a billion barrels per day despite rising corn prices […]
In the Philippines, a governor who is running for the Senate next year is calling for an E20 blending mandate to reduce the rising cost of fuel resulting from increased taxes. She claims that the current blending law wouldn’t need to be amended to facilitate the E20 policy because the domestic industry could only support […]
In the Philippines, the Manila Times reports that the country’s first non-molasses based ethanol plant will be developed in Zamboanga City, using sorghum as feedstock at the $323.6 million facility. The annual production capacity of the project that is seen as a key driver to improving the socio-economic conditions of the region was not announced. […]
In the Philippines, the agriculture secretary said he will push for 5% biodiesel blending, up from the current 2% mandate, in an effort to support coconut farmers who are suffering from low prices while also offsetting imports of fossil-based diesel. The increased mandate he is pushing for will only apply to government procurement including military […]
In the Philippines, the Independent Philippine Petroleum Companies Association (IPPCA) opposed the plan of the Philippine Coconut Authority (PCA) to increase the biodiesel amount to B5 from B2. “With Euro 4, there is no compelling reason to add or increase the biodiesel blend, given that the current diesel standard is already very clean,” IPPCA said […]
In the Philippines, Platts reports that Q1 2019 ethanol quota was set at 91,000 cu m, varying from 29,500 cu m for January to 29,900 cu m for February and 31,600 cu m for March. The quarterly total is nearly 13% lower than from Q4 2018 by more than 20% higher during the same period […]
In the Philippines, bioethanol distillers and producers asked the government, Sugar Regulatory Administration which is part of the Department of Agriculture, to allow molasses imports, in order to meet the yearly demand of 500 million liters of bioethanol and help grow the P30-billion bioethanol industry. Currently, they only can reach about 60% of demand because […]
