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San Carlos Bioenergy delivers fuel ethanol
| By pinoyfarmer | April 26, 2009 |  |
MOTORISTS can expect gasoline blended with locally-produced ethanol to be rolled out in Luzon and the Visayas in the next few weeks.
This as the San Carlos Bioenergy Inc. (SCBI), the country’s first integrated fuel ethanol distillery and power cogeneration facility, has delivered its first shipment of 1.6 million liters to Petron last March 16.
The delivery was preceded by a volume lifted by truck for the Visayas market last March 13.
SCBI’s production is geared towards meeting part of the country’s fuel ethanol requirements as mandated by the Biofuels Law of 2006. The fuel ethanol meets the Philippine National Standards set by the Department of Energy (DOE).
Located in San Carlos City in Negros Occidental, SCBI is positioned to deliver on the twin objectives of energy security and environmental sustainability. The project will displace approximately 15 percent of the country’s imported petroleum, based on the five percent mandate to be implemented from 2009 to 2011.
The construction of the facility commenced last quarter of 2006 prior to the passage of the law. With the commissioning stage nearing completion to date, the distillery will continue its production in full swing as planned. The plant has the capacity to mill 1,500 tons of sugarcane per day to produce 30 million liters of ethanol annually and approximately eight megawatts of renewable power.
Developed by Bronzeoak Philippines, San Carlos Bioenergy’s equity capital was raised domestically through the National Development Company, the government’s investment arm; Majent Group of the Jimenezes, and local shareholders San Julio Realty and Valmayor Ventures. International funding was infused by FE Clean Energy of New York.
Source: Sun Star
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