The National Biofuels Board (NBB) authorized the Oil companies to import in bioethanol as the local supply cannot afford them to comply with the Philippine Biofuels Law of mixing 5% ethanol in the gasoline they sell at the pumps.
The Philippines will require 208 million liters of ethanol in 2009 in order to comply with the Biofuel Law. As of now there are only two companies in the Philippines producing bioethanol in commercial quantities. These are San Carlos Bioenergy Inc. and the Leyte Agri Corp. Both distilleries can produce only 19% of the 208 Million liter requirement of the Philippines.
Under the Philippine Biofuels Law, a certain percentage of Biodiesel and Bioethanol must be mixed in the diesel and gasoline fuel sold at the pumps. If local supply cannot meet the demand, Oil companies are allowed to import in the biofuels upon approval of the NBB.
The National Biofuels Board was established to govern the implementation of the Biofuels Act of the Philippines and its mandate is stated in the Biofuel Law itself. They are chaired by a representative from the Department of Energy (DOE) and have members from the Philippine Coconut Authority (PCA), Sugar Regulatory Administration (SRA), Dept. Agriculture (DA), Dept of Agrarian Reform (DAR), and Dept of Science and Technology (DOST)
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Category: Bioethanol, Automotive
