A ranking official from the Philippine Department of Energy reported to newspapers, on the condition of anonymity, that PNOC-Alternative Fuel Corp and UK NRG’s tie-up for a Biodiesel and Ethanol Processing plant with accompanying feedstock farms will not push through. According to the source it was because PNOC-AFC wasn’t able to meet UK NRG’s requirements that they decided to look for another partner.
As mentioned previously in this blog last May, the Agreement signed by the two firms was:
To build a 3.5 million metric tonne biorefinery at a cost of $455 million, and a $600 million plantation for jatropha, a plant material which is used in producing biofuels. They also plan to build a 300,000 metric tonnes bioethanol plant at a cost of $200 million.
Article here
Category: Biodiesel, Bioethanol
