The Philippine Economic Zone Authority (PEZA) has approved last January 15th the creation of the P55 million Cavite Biofuels Ecozone applied for by the Cavite Biofuel Producers Inc (CBPI). All that’s needed now is a presidential proclamation in order to make it official as an Agro-Industrial Economic Zone.
The CBPI biofuel ethanol plant will be located at Barangay Caluangan, Magallanes, Cavite and will encompass 24.5 hectares. It will house an bioethanol distillery with a 125,000 li/day capacity using sugarcane as its feedstock. It will also have a 5MW cogeneration plant that will most likely burn the left over biomass used in the production of bioethanol.
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Category: Bioethanol, Automotive, Law, Investing
