Basic Energy to execute ethanol venture
The Philippines-based Basic Energy will construct the country’s only cassava-fed ethanol plant.
Basic Energy’s proposed ethanol plant will be in Zamboanga del Norte a province of the Philippines located in the Zamboanga Peninsula region in Mindanao.
The company will use 6,000 hectares of land in Gutalac, which it started developing for cassava in 2008 under unit Basic EcoMarket Farms.
‘Cassava has an intermediate market and can be a source of revenue while the planned bioethanol plant is still being developed and constructed,’ Basic Energy states.
‘Finalisation of the plans for the bioethanol plant will depend largely on when a critical hectarage necessary to supply the feedstock requirements of a bioethanol plant is achieved and when the equity and debt funding for the project are set in place,’ the company adds.
The two other existing ethanol plants in the country, San Carlos Bionergy’s 40 million litre a year facility in Negros Occidental and Leyte Agri’s 3.6-million litre a year plant, use sugarcane as feedstock.
The biofuels law requires all petrol sold in the Philippines to be blended with 5% ethanol. By 2011, the minimum blend will be increased to 10%.
Basic Energy’s proposed ethanol plant will be in Zamboanga del Norte a province of the Philippines located in the Zamboanga Peninsula region in Mindanao.
The company will use 6,000 hectares of land in Gutalac, which it started developing for cassava in 2008 under unit Basic EcoMarket Farms.
‘Cassava has an intermediate market and can be a source of revenue while the planned bioethanol plant is still being developed and constructed,’ Basic Energy states.
‘Finalisation of the plans for the bioethanol plant will depend largely on when a critical hectarage necessary to supply the feedstock requirements of a bioethanol plant is achieved and when the equity and debt funding for the project are set in place,’ the company adds.
The two other existing ethanol plants in the country, San Carlos Bionergy’s 40 million litre a year facility in Negros Occidental and Leyte Agri’s 3.6-million litre a year plant, use sugarcane as feedstock.
The biofuels law requires all petrol sold in the Philippines to be blended with 5% ethanol. By 2011, the minimum blend will be increased to 10%.
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