Oil companies will start offering a higher biodiesel blend February 6, 2009 as mandated by the Biofuels Act of 2006.
Department of Energy (DOE) director Mario Marasigan said the National Biofuels Board (NBB) has assured of a smooth transition in the implementation of the higher biodiesel blend.
“All systems go. We do not see any problem,” Marasigan…
PTT Philippines Corp. (PTTPC), the local arm of PTT Public Ltd. Co. of Thailand, launched last January 28, 2009 its new ethanol-blended gasoline, Performa 95+.
PTTPC president Siripong Phoungpaka, said they have invested about P6 million to be able to comply with the ethanol blend requirement under the biofuels law.
Under Republic Act 9367 or the Biofuels…
Chevron Philippines Inc. (formerly Caltex) will invest some $20 million for its ethanol-related initiatives.
During the launching of its E-10 blended gasoline, Chevron brand manager Dominic Timbancaya said the amount will cover expenses for pipes and tanks for ethanol processing over the next two years.
Local oil firms have been investing capital to comply with the…
Petron Corp., the country’s largest oil refiner, has started the procurement of locally-produced ethanol from Leyte Agri Corp. (LAC).
In a disclosure to the Philippine Stock Exchange (PSE), the publicly-listed Petron said the purchase is consistent with its commitment to promote the use of indigenous alternative fuels.
Petron said they would use the fuel grade ethanol from LAC to…
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