Last update: 09.07.2011
Philippine bioethanol projects on hold due to hazy regulations
Source : platts.com
Many bioethanol projects in the Philippines are at a standstill as guidelines on the implementation of a mandate - which requires bioethanol-blended gasoline to comprise at least 10% of the total amount of gasoline sold in the country from August 6 - remains unclear. As such, investors are unsure of economic viability of the projects, industry sources said last week. At least three bioethanol projects are in the pipeline to be built in the next 2 years at an estimated cost of $253.3 million, and according to the sources, as many as 16 plant projects are on the table for discussion with the Department of Energy and National Biofuels Board. But all interested parties say that unless there is a clear definition on pricing of the local product, these projects are unlikely to see any progress.
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10 March 2011 |
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