Philippines announces seven regions targeted for biofuel production
In the Philippines, the Department of Agriculture said that Western Visayas, Ilocos region, Cagayan Valley, Zamboanga Peninsula, Northern and Central Mindanao and the Davao Region would be the focus for biofuels production expansion. Agriculture Minister Yap said that biofuel development deals would be shortly announced based on outright land purchases, lease arrangements or production contracts.
Last week, South Bukidnon Bioenergy announced a $92 million in sugarcane ethanol and a 10-megawatt co-generation plant from bagasse. This year, nine Philippine companies have pledged more than $440 million towards biofuels production investment.
The companies include: Bio-Energy NL; E-Cane/Pampanga Industrial Park.; Philippine Agricultural Land Development and Mill; Zambo Norte Bioenergy; Philippine National Oil Company-Alternative Fuels, Guidance Management, Fuel Inc, South Bukidnon Bioenergy, and Eastern Petroleum.
The Philippines have a B1 and E5 mandate scheduled to go into effect in 2009, rising to B2 and E10 in 2011. Philippine demand for biofuels is expected to rise to 187 million galls of ethanol and 54 gallons of biodiesel by 2011.
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