Philippines in US$1.3 Billion Biofuels Project
Date: 24-May-07
Country: PHILIPPINES
The president of PNOC-Alternative Fuels Corp. (PNOC-AFC) told reporters the investment would be spread over five years and would involve putting up a biofuel refinery, at a cost of US$455 million, within the next three years.
Peter Abaya also said the companies planned to plant more than 1 million hectares of jatropha, a crop used for biofuels, in the Philippines.
