The First Mindanao Jatropha Forum in the Philippines will be held today, August 28, 2007, at Cagayan de Oro City. This forum has been initiated by the PNOC-Alternative Fuels Corporation. The Forum will tackle the government’s thrust of developing jatropha into an alternative source of fuel for diesel and as a poverty alleviation measure for farmers.

The Forum will be highlighted by the signing of a Memorandum of Agreement for joint Jatropha ventures by PNOC-Alternative Fuels Corporation and Land Bank of the Philippines. The Philippine President herself is expected to grace this event. The Theme for the forum will be “Jatropha Feedstock: Prospects and Challenges.”
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PNOC-Alternative Fuels Corp recently signed an MOU with Korea Technology Industry(KTI) for the development of a Jatropha plantation and biodiesel refinery which is estimated to cost about $210 M. PNOC-AFC will be tasked to scout for the 75,000 ha of land to be used for the plantation. Acquisition and development of the 75,000 ha is estimated to cost $150 M while the biodiesel refinery is expected to cost $60 M.

PNOC-AFC will have a 20% share in the venture with the added benefit of no liabilities and financial obligations to the project.
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The plant is estimated to cost P8.5 Million and will produce about 20,000 liters of biodiesel a month. It will also be supported by a 100 ha. jatropha plantation which will cost about Php 4 million. This was reported by Mr. Alejandro Teves Escaño, president of the Philippine Chamber of Agriculture and Food.
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Update: Looks like this Tie-up is not pushing through, check here.

The Philippines PNOC Alternative Fuels Corp and NRG Chemical Engineering announced that they have joined together to build some biofuel processing facilities as well as the corresponding farms that will supply the feedstock. NRG will have majority ownership of the to-be formed company with a 70% share.

According to the report, the warchest will be used to build both a biodiesel plant and ethanol plant. With Jatropha Curcas to act as feedstock for the biodiesel plant.
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