PNOC-AFC general manager Clovis Tupas refuted earlier reports that the PNOC-AFC and UK NRG partnership to setup $1B worth of Biofuel Facilities fell through due to UK NRG finding another local partner.
The reason behind the move was because PNOC-AFC failed to meet UK NRG’s requirements. Earlier this week an official from PNOC-AFC, quoted anonymously, said that the said MOU will not push through because of the above mentioned reasons.
Well whether its a go or no go, we’ll find out next week when the two companies meet up to discuss their MOU.
Article here
Category: Biodiesel, Bioethanol
