While Philippine Bioethanol production is still ramping up in order to meet the requirements of the Philippine Biofuel Law, Oil players are allowed to import their bioethanol requirements from abroad.
The Philippine Biofuel Law has provisions which allow for importation of biofuels is local supply cannot meet the demand. Which is what the 3 major oil players (Petron, Shell and Chevron) are doing.
In order to save on importation costs they announced that they are talking over the idea to import their bioethanol requirements jointly in order to get volume discounts.
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Category: Misc, Bioethanol
