IEA sees Philippines at top 5 global biofuel importer by 2026

December 7, 2021 |

In the Philippines, BusinessWorld reports that International Energy Agency data shows the country will become one of the top five biofuel importers globally in the next five years as its sugar industry shrinks. Although domestic sugar mills produce ethanol, it costs nearly twice as much as landed ethanol, typically from the US. The E10 blending mandate establishes quarterly quotas of domestic ethanol that must be used, depending on availability, while the rest of the volume is supplied by imports.

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Category: Fuels

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