Greenergy gets the OK to invest in Isabela Alcogas

In the Philippines, Greenergy’s board of directors has given the OK to buy between $600,000 and $1.2 million of ethanol producer Isabela Alcogas’s shares. Isabela Alcogas is currently in the process of setting up an ethanol and co-generation facility and has recently acquired rights to 15,000 hectares of land for the project.