Philippine government allocates biofuel funds
Quicknote bioenergy policies
Earlier we reported about the Sino-Philippine cooperation on ethanol and the island state's new legislation on biofuels that was recently approved. Philippine President Gloria Macapagal Arroyo today announced that within this framework, the government is allocating a first series of funds worth 1 billion pesos (€15.7/US$ 20 mio) aimed at achieving energy independence through biofuels. The country currently produces only 14,500 bpd itself, making up its fuel needs by importing 340,000bpd. Biofuels investments are aimed at breaking this oil dependence, which is a heavy burden on the developing country.
The funds are allocated via the state-owned Philippine National Oil Company - Alternative Fuels Corporation (PNOC-AFC) and the National Development Company (NDC) who each contribute and manage half.
Cabinet secretary Ricardo Saludo sketches some aspects of program:
ethanol :: biodiesel :: biomass :: bioenergy :: biofuels :: energy :: sustainability :: jatropha :: sugarcane :: cassava :: rural development :: Philippines ::
Earlier we reported about the Sino-Philippine cooperation on ethanol and the island state's new legislation on biofuels that was recently approved. Philippine President Gloria Macapagal Arroyo today announced that within this framework, the government is allocating a first series of funds worth 1 billion pesos (€15.7/US$ 20 mio) aimed at achieving energy independence through biofuels. The country currently produces only 14,500 bpd itself, making up its fuel needs by importing 340,000bpd. Biofuels investments are aimed at breaking this oil dependence, which is a heavy burden on the developing country.
The funds are allocated via the state-owned Philippine National Oil Company - Alternative Fuels Corporation (PNOC-AFC) and the National Development Company (NDC) who each contribute and manage half.
Cabinet secretary Ricardo Saludo sketches some aspects of program:
- investments go into land for marginalized landless farmers, the poorest of the country, who will benefit from the opportunity to grow sugar cane, cassava, maize, soybean and jatropha - biofuel feedstocks.
- in coordination with the Philippine Forest Council, a special effort will be made on cultivating 'tuba tuba' (a local jatropha variant), that thrives well on degraded land and can reduce erosion and desertification; the projected hectarage of the crop under a first financing round is 700,000 hectares, aimed at supplying oil to a 1 million tonne (50,000 bpd) biodiesel refinery to be operated by the PNOC-AFC
- the bulk of the biofuel plantations will be located in Mindanao, the country's poorest province, where refineries with a capacity of 60,000 to 240,000 tonnes will be built at the center of growing areas with a hectarage of 30,000 to 120,000 hectares respectively
- a biofuels terminal and port will be built at an as yet undisclosed location
ethanol :: biodiesel :: biomass :: bioenergy :: biofuels :: energy :: sustainability :: jatropha :: sugarcane :: cassava :: rural development :: Philippines ::
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home