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Bright Prospects for Philippines Ethanol Industry

17 January 2012

PHILIPPINES - The country is optimistic on the prospects of the ethanol industry for the national economy, with the looming increase in the mandated ethanol blend from 5 per cent to 10 per cent in February, 2012.

More local and foreign investors are sought for investment in bioethanol production, as the Philippine government is preparing for a growing market for ethanol worldwide, reports Tempo.

Around 200,000 hectares in Luzon, Visayas, and Mindanao have been allotted by the Department of Agriculture for sugar and sweet sorghum as biofuel feedstock. Higher-yielding coconut varieties are being planted for the production of biodiesel.

The holding of the 1st Philippine International BioEnergy Conference at the Historic Landmark Manila Hotel on January 12-13, 2012 was timely, considering these developments. The conference discussed the expansion of local production, as investors are coming forward with their project plans. Efforts to see to fruition the planned investments will be a collaboration of the DA, Department of Energy and Sugar Regulatory Administration.

There are today three bioethanol producers in the country – San Carlos BioEnergy, Inc., Leyte Agri Corp., and Roxol BioEnergy Corp. Another firm, Green Futures Inc., is scheduled for commissioning by March this year. A Netherlands-based company plans to set up the largest ethanol manufacturing plant in the Philippines, using multi-feedstocks as cassava, sugar cane, and sweet sorghum.

The government is intensifying its efforts to attract more investors to the bioethanol project. More incentives are offered to companies building facilities for bioethanol production. Filipino farmers will benefit from all this.

TheCropSite News Desk

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