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…