Philippines biofuels development aggressive, on schedule

In the Philippines, President Macapagal-Arroyo’s program to develop 2 million hectares for agribusiness and create 2 million jobs by 2010 is on schedule. The DA said that as of last August, 38,000 hectares were being developed for biofuels, primarily in North Cotabato, South Cotabato, Sarangani and Sultan Kudarat provinces and Gen. Santos City.

This year, eight Philippine companies have pledged more than $350 million towards biofuels production investment.

The companies include: Bio-Energy NL, Inc.; E-Cane/Pampanga Industrial Park Corp.; Philippine Agricultural Land Development and Mill, Inc (PALM, Inc.); and Zambo Norte Bioenergy; Philippine National Oil Company-Alternative Fuels Corp., Guidance Management Corp., Fuel, Inc. 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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