The Department of Energy (DOE) announced that the biofuel law will push through despite questions raised by oil companies with regards to bioethanol being corrosive to gasoline vehicles.
Earlier this week, Petron CEO & Chairman, Ramon S. Ang raised an alarm that without proper guidelines in the processing, bioethanol mixed into the fuel could have water in them which could lead to corrosion of the fuel system and the subsequent blame would fall on the oil retailers. This necessitated the DOE to call a stakeholders meeting.
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