The Department of Energy(DOE) contested Sen. Migs “Mr. Biofuels” Zubiri’s claim that they weren’t doing enough to attract investors to the Philippines to setup biofuel processing plants.
DOE Sec. Angelo Reyes said that there are already about P12 B worth of projects lined up that will produce 240 million liters annually in support of the 223 million liters/year demand of a 5% bioethanol mixture in petrol by 2009 as mandated by the Philippine Biofuels Bill.
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I was talking to a friend a few days back and he mentioned that he was having a hard time acquiring land for his client in the Northern and Central Mindanao region because of land owners not wanting to let go of their lots at reasonable prices.
He said that land owners have started to become speculators because they know that there is a lot of buzz in the biofuel sector about their areas being ideal sites for biofuel production. This was even punctuated further with some news coming out that some investors are eyeing these areas to set up biofuel refineries.
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I found this great picture of typhoon/cyclone tracks from 1985-2005 in wikipedia. The storm tracks were drawn from typhoon positions taken at 6 hour intervals. Click on the image on the left to enlarge.
The colors indicate the intensity of the weather disturbance, ranging from Tropical depression (light blue) to a full blown hurricane(red). The meaning of the colors can be found here.
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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
