(PRWEB) April 12, 2007
In view of its Biofuels Act, Philippines will be taking steps to reinforce its mandate at the Biofuels & Feedstocks Philippines conference in May. Sponsored by PNOC and supported by Philippine Department of Energy, this event to be inaugurated by President Arroyo, will serve as a bridge to connect the government with enterprises thus accelerating important developments in new energy discoveries, technologies and innovations for Philippine's biofuels industry.
"The implementation of this Act will speed up our efforts towards attaining energy security and self-sufficiency for the country. In fact, East Asian Leaders, in the recently concluded ASEAN Summit, have strongly supported the use of biofuels through the signing of the agreement that would help reduce dependence on conventional sources of energy."
Since then, several contracts and joint-ventures have been successfully formed for biofuels-related projects while million dollar investments poured in. Parallel to the preparation for the Biofuels Program under its existing Alternative Fuels Program, CMT arranged this forum to establish Philippine's feedstock supply and investments in infrastructure, directions on the viability of alternative fuel for automobiles and other viable feedstock for the production of biofuels. Such fundamental issues will be discussed by key government officials from PNOC Alternative Fuels Corp, Philippine Department of Energy and Board Of Investments. ED & F Man and Development Bank Of Philippines will share their perspectives on prospects and opportunities of biofuels whilst LMC International and Frost & Sullivan have been invited to discuss the outlook for feedstocks and the supply chain.
Apart from coconuts for coco-diesel and sugar for ethanol, new crops, like sweet sorghum and jatropha are showing great promise as alternative feedstocks. Studies conducted by DOE showed that 3 tons of bio-diesel can be produced from one hectare of jatropha trees, costing only P17.
"That is the fuel of our future" the President had said. Thus a session by Sai Petrochemicals, Tree Oil India and Myanmar Chemical Engineers Group 1 has been dedicated to learning about managing jatropha, its prospects, challenges and projects. And as sorghum is easier to grow than sugarcane and matures in just 4 months, ICRISAT will share their technology update on this feedstock where as Novozymes touch on the potential and development of cellulosic ethanol.
Aside from being environmental-friendly, biofuel products will be exempted from value added tax (VAT). Uses for biofuels will be for automobile and power generation. Based on initial estimates; one-percent biodiesel and five-percent bioethanol use in 2007 a combined foreign exchange savings for the country of about $167 million annually. By 2010, the use of 10-percent biodiesel will result in annual foreign savings of about $389 million. This may lead to a surge in biofuels production and perhaps prospects for Asian export in the future.
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