South Korea’s Eco Solutions, Eco Global Bio-Oils to invest $175 million in Philippine biodiesel production

In the Philippines, South Korean biodiesel producer Eco Solutions and Eco Global Bio-Oils announced that they will invest $175 million in a 9.6 Mgy biodiesel plant in South Cotabato that will utilize jatropha grown by  Eco Solutions from an 11,000 hectare plantation that will be expanded to 100,000 hectares.

In 2006, the Philippines established a B2 biodiesel mandate, driving local biodiesel demand to 34 Mgy.

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