Chevron to boost Philippine ethanol production
Oil firm Chevron Philippines will invest $20 million (€15.2 million) to increase the production of a petrol product blended with 10% ethanol, anticipating an increase in demand for biofuels.
The oil firm is seeking to increase the number of stations that carry its E-10 brand to 35 from the existing 22 now. It hopes to hike this further to 400 retail stations by February, brand manager of Chevron’s Caltex Dominic Tim-bancaya says.
Chevron Philippines operates a network of 840 Caltex service stations. ‘We are planning to improve our import facilities in Batangas and Pandacan to be able to meet the demand,’ Tim-bancaya adds.
The company imports ethanol from Brazil but hopes the local ethanol industry will grow.
The oil firm is seeking to increase the number of stations that carry its E-10 brand to 35 from the existing 22 now. It hopes to hike this further to 400 retail stations by February, brand manager of Chevron’s Caltex Dominic Tim-bancaya says.
Chevron Philippines operates a network of 840 Caltex service stations. ‘We are planning to improve our import facilities in Batangas and Pandacan to be able to meet the demand,’ Tim-bancaya adds.
The company imports ethanol from Brazil but hopes the local ethanol industry will grow.
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