Coconut oil exports skyrocket as the Philippines fails to mandate B5

In the Philippines, coconut oil exports grew by nearly 50% in the last 9 months as the country failed to implement the shift to a B5 biofuel mandate. The current blending requirement is 2%, and the proposal to shift to B5 has yet to secure approval from the National Biofuels Board. Coconut oil export goals for 2013 have been raised from 900,000 to 1.1 million metric tons.

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