Going nuts for biodiesel in Philippines
It has been revealed oil company TWA is set to build a new biodiesel facility in the Philippines moving forwards.
The company has said the facility will have a capacity of 30 million litres and potentially be based in the Visayas region as it aims to be able to cope with a higher demand for biodiesel blends in the future.
‘The Philippine Coconut Authority has said there are enough local raw materials for both local and foreign commitments. They are just waiting for the National Biodiesel Board to make the call on a higher blend requirement,’ TWA operations manager Tanya Samillano was quoted as saying.
TWA owns the Flying V brand of petrol stations in the country and has been dispensing B1 fuel for many years: ‘We believe a move to B5 will help both the economy and local coconut farmers,’ Samillano adds.
The cost of the new facility is estimated at around P40 million (€681,205), roughly the same as TWA’s similar plant in Davao City.