Chevron Philippines to invest $20M in Ethanol Program

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 mandated 10 percent blend of ethanol under the Biofuels Act to be carried out in January next year. Read more

Petron Procures Ethanol from Leyte Agri Corp

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 blend with its E10 Premium gasoline. Read more