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Philippine-Chinese venture plans major ethanol plant
Manila (AFP) Oct 28, 2007 A Filipino oil company and its Chinese partner are planning a 30-million-dollar ethanol plant in the southern Philippines to cash in on an expected biofuel boom, a company official said Sunday. Fernando Martinez, president of Eastern Petroleum, said his company and China's Guanxi Estates were planning the plant in the southern island of Mindanao with construction expected to start late next year. Martinez said his company has already developed 2,000 hectares (4,940 acres) of cassava plantation in Saranggani province for raw materials and he is also encouraging neighbouring countries to produce feedstock for the plant. The Philippines in 2006 passed a law requiring that all liquid fuels for engines should contain some locally sourced biofuel within two years. Local oil retailers complain that the country does not produce enough biofuel to meet the law's requirement. Community Email This Article Comment On This Article Related Links Powering The World in the 21st Century at Energy-Daily.com
Analysis: Turkey-Iraq spat may hit energy
Washington (UPI) Oct 26, 2007 As Washington, Baghdad and Ankara intensively seek a last-minute diplomatic solution to Turkey's intention to invade Iraqi Kurdistan to deal a decisive blow to Kurdistan Workers Party guerrillas, the ominous consequences of an invasion are becoming clearer. |
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