Publicly listed Roxas Holdings Inc (RHI) announced that they are evaluating 4 interested entities to partner up for their bioethanol activities in the Philippines. The four companies are comprised of foreign and local entities and are interested in either investing in the company or just the specific bioethanol project.
Pedro Roxas, chairman of RHI, said that timing will be an issue as they want to get maximum value for their shares. And with the depressed stock market right now not reflecting the true value of their companies shares, it would be but logical for RHI to move with care.
RHI through their subsidiary, Roxol Bioenergy Corp, is already developing a P1-billion turnkey bioethanol plant in Negros Occidental that can produce 100,000 liters/day of bioethanol.
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Category: Bioethanol, Automotive
