Juan Miguel Zubiri, the father of the Biofuel’s bill of the Philippines announced his resignation amidst controversy of cheating during the 2007 election wherein he was in a neck-and-neck race for the final slot in the Senate with rival Koko Pimintel.
As of now it is still unknown as to what will happen to the slot vacated by Migs Zubiri and the final result of his resignation as it is still being reviewed by the Senate.
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Canlaon Alco Green Industrial Corp (CAGIC) announced that they will put up a P5.192 Billion on a bioethanol processing plant in Bago, Negros Occidental.
The plant is projected to be operational by December 2012 and will produce 52.2 million liters of bioethanol per year. Aside from producing bioethanol for the transport sector in line with the biofuel law, the purified carbon dioxide by product of the plant will be sold to the local softdrink bottling companies.
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Department of Energy (DOE) Undersecretary, Jay Layug, said that non-compliance on the mixing of 10% bioethanol in the gasoline sold at the pumps will result in penalties to the oil companies. The 10% mixing of bioethnaol in the gasoline sold at the pumps is in compliance with the Philippines Biofuel Law.
Also announced was that the DOE will release a circular that will instruct the oil companies to purchase first locally their biofuel needs before importing from abroad. As of now, current local supply of bioethanol is not enough to meet the demand for compliance of the law.
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The Department of Energy announced that they were thinking of coming up with a base price for imported bioethanol and scrapping the 20% import tariff in order to prevent gasoline prices from going up too much.
Dept of Energy Secretary Jose Rene Almendras said that:
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Much awaited good news for Philippine Bioethanol producers, that the government will issue an Executive Order effectively raising the tariff of imported bioethanol to 20% from the existing 10%. This will be done in order to protect local bioethanol producers in hopes of keeping the fledgling industry alive.
A couple years back the Philippines implemented the Biofuel Law which calls for mandatory mixing of biofuels into the fuels sold at the pump in hopes of reducing the need of fuel that had to be imported by growing its own local biofuel.
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Philippine Dept of Trade and Industry announced that they were looking into the prospect of raising the current 10% tariff on imported bioethanol in order to save the fledgling local bioethanol industry.
This would be welcome news to the local bioethanol industry who have long complained of the low tariff imposed on the imported bioethanol from Brazil which made it uncompetitive for them to sell to the oil retailers. Local bioethanol producers pegged 30% as the ideal tariff to set but as of now agreed that 20% would suffice.
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