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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Publicly listed Ayala Corporation (Ayala Corp) disclosed to the Philippine Stock Exchange that they had acquired 50% of NorthWind Power Development Corp from Michigan Power Inc. NorthWind Power operates the already famous wind farms at Bangui Bay, Ilocos Norte. This acquisition also signals the entry of Ayala Corp into the power generation business.
Ayala Corp also recently went into a Joint Venture agreement with Mitsubishi Corp of Japan for a solar power project.
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I was expecting this to come after the news that Japan was in crisis trying to avert a melt down in two nuclear reactors whose cooling system was damaged after a massive 8.9 earthquake last week.
What made it more sad was that Japan was a first world country who didn’t scrimp on resources in building a world class nuclear power plant to ensure that the plant’s operation would be efficient and safe.
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Interesting video here from GMA News on the Solar Bottle Light being promoted in the Philippines right now. More information can be found at their site, here.
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Featured in GMA TV’s news report was a LPG Powered Jeepney.
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To comply with the Philippine Biofuel Law, the Philippine Department of Energy announced that they will schedule a public consultation within the year to gauge whether it is feasible to raise the blending requirement of biodiesel to 5% with the diesel being sold at the retail pumps.
The Philippine Biofuel Law states that diesel sold at the pump should have a 2% Biodiesel mix by 2009 and to be raised onwards.
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