Tantuaco Enterprises of Lucena announced that their P460-million biofuel production project has received tax and non-tax incentives from the Board of Investments (BOI) for having successfully qualified as in scope of the country’s 2008 Investment Priorities Plan (IPP).
The company will produce biodiesel using copra for a raw material. The fiscal incentives offered by the government also extend towards the by products produced by the processing of biodiesel from coconut, such as their copra cake, coco-fatty acid distillate and glycerin.
They are projecting their plant to have an annual capacity of 36 million liters for their copra milling and coconut refining activities. Their by-products are also projected to produce about four million liters of glycerin; 1.7 million liters of coco-fatty acid distillates (CFAD) and 22.08 million kilograms of copra cake per year.
They will however continue with their production of edible coconut oil-based products like crude, refined, bleached and deodorized coconut as well as lard, shortening or margarine under the brand Exora.
[source]
Category: Biodiesel, Clean Energy
