Korean firm to put $300M in bioethanol plant in Clark
by Riza T. Olchondra
Published by Clark Philippines on January 22, 2010
MANILA, Philippines – A South Korean firm investing $300 million to put up what may be the largest bioethanol facility in Asia capable of generating its own power supply.
According to the Department of Agriculture’s investment arm, the Philippine Agribusiness Development and Commercial Corp. (PADCC), the sugarcane-fed bioethanol plant to be built in Clark will have a capacity to produce 150 million liters a year.
“It is effectively the biggest [bioethanol plant] in the country, [and] possibly in Asia,” PADCC president Mariz Agbon told reporters. “It will be comparable to the ones in Brazil.”
Agriculture officials refused to reveal the name of the Korean company, saying that the foreigners preferred to maintain a low profile at this stage of the facility’s development.
The plant in Clark is set to be commissioned in 2012. It will have a power generation component capable of supplying 40 megawatts to other consumers, including the Clark economic zone.
Local partner
A local partner, Central Luzon Bioenergy Corp., will manage the agricultural side of production. It will oversee a total of 30,000 hectares of sugarcane fields in Pampanga, Nueva Ecija, and Tarlac.
The sugarcane will be used as feedstock for the bioethanol plant in Clark.
Earlier, the government required oil companies to produce gasoline products with a 5-percent ethanol blend. This means that the Philippines will require 219 million liters of ethanol this year, according to National Biofuels Board (NBB) chair Rafael Coscolluela.
Because local ethanol production remains low, the Philippines may have to import bulk of its ethanol requirements from Brazil this year.
The ethanol content in gasoline products will be raised to 10 percent in 2011. As a result, local ethanol requirements will rise to 461 million liters by 2011, and to 536 million liters in 2014, according to government estimates.
By raising the ethanol content in gasoline products, the government hopes to reduce the country’s dependence on imported oil.
PADCC helps local and foreign investors find land for agribusiness investments.
The NBB, meanwhile, mandates how much ethanol companies can import to ensure that local requirements for bioethanol are met.
Agbon said that, so far, existing local producers such as San Carlos Bioenergy Inc. produce only 30 million liters of bioethanol a year.
Categories
- 19th Philippine Hot Air Balloon Festival in Clark
- 2012 Hot Air Balloon Festival in Clark Philippines Ticket Reservation Form Support Section
- About Angeles City, Pampanga
- About Anti-mosquito patches to prevent Dengue in Philippines
- About Asian cuisine and food of Asia
- About Clark Development Corporation CDC
- About Clark, Freeport Zone
- About Coffee
- About Easter in Clark Philippines
- About Family Bonding and Children
- About Fishing
- About Holy Week and Easter in Philippines
- About Holy Week and Easter in Philippines
- About Hot Air Balloon
- About Italian Food
- About Leisure, Stress and Relaxation
- About Mother's Day and Mother's Day Celebration
- About Nespresso Coffee, Nespresso Coffee Capsules and Pods
- About spa, places to unwind and relax
- About Subic, Baguio and Bulacan
- About the Philippines
- About the Philippines, Pampanga, Clark, and Angeles City
- About Wedding and Receptions
- Advisory and useful travel tips
- Alfresco Outdoor Dining in Clark
- All about Steaks
- All about steaks
- All News & Press Releases Archive
- Articles About Holy Week in Philippines
- Beach resorts and hotels in Clark
- Birthday, debut, baptismal, anniversary etc
- Boating and Kayaking
- Build or buy a house in Clark
- Business and investment in Clark
- Business in Clark
- Business Opportunities in Clark
- Camping and picnic
- Car and Taxi Service in Clark
- Clark
- Clark Events Archive
- Clark Flight schedules
- Clark Hot Air Balloon Festival
- Clark Hot Air Balloon Festival Complaints and Suggestions
- Clark Information
- Clark Investments Archive
- Clark Job Market Archive
- Clark Map
- Company outings and corporate events
- Condominium and Apartment in Clark
- Convenience Stores in Clark
- Corruption in Philippines, Pampanga, Subic, Clark Freeport Zone
- Culinary School in Philippines
- Doing Business in Clark
- Dormitory and Apartment Sharing
- Duty free malls in Clark
- Entertainment
- Event Venues in Clark and Pampanga
- Family outings, reunions and retreats
- Family restaurants and Fast food outlets
- Family retreat, picnics and bonding
- Fine dining Gourmet Foie Gras Cuisine
- Fine Dining Gourmet Kangaroo Cuisine
- Fine Dining Kangaroo Cuisine
- Fine dining restaurants
- Food & Beverage Archive
- Food and Beverage in Clark
- Foreigner and Tourist Assistance in Clark Archive
- Functions and events
- Games and activities for outings and picnics
- Getting around in Clark
- Getting Married in Clark and Pampanga
- Golf
- Gourmet Dining Foie Gras
- Gourmet Dining Venison Cuisine
- Gourmet Venison Cuisine
- Highly Recommended Hotels and Resorts
- Historical sites, places to see and visit
- History of Clark
- Holding a Dinner Party
- Holiday and Vacation in Philippines
- Holy Week and Easter Holiday
- Holy Week and Easter in Clark Philippines
- Holy Week and Easter Packages and Deals
- Hot Air Balloon Festival in Clark Philippines
- Hot Air Balloon Packages & Deals
- Hotel Accommodations Archive
- HOTEL and RESORTS
- Hotels & Resorts in Angeles Pampanga
- Hotels & Resorts in Clark
- Hotels and Resorts in Pampanga
- Hotels and Resorts in Philippines
- Hotels and Resorts in the North
- Hotels and Resorts near Manila
- Internet WIFI spots in Clark Philippines
- Investing in Philippines
- Investment and business opportunities
- Investment in Philippines
- Italian, French and continental cuisine
- Jobs and Careers
- Jobs in Angeles, Clark, Pampanga
- Jobs in Manila, Philippines
- Korean, Chinese and Japanese Food
- Koreans in Philippines
- Land for development
- Laws and Regulations in Clark
- Learn about wine
- Learn English in Philippines
- Leisure and recreation
- Lifestyle in Asia
- Lifestyle in Clark and Pampanga
- Liquor and Wine Shops in Clark
- Listing of businesses in Clark
- Living in Clark and Pampanga
- Manila Bus Hostage Incident 2010
- More about Holy Week and Easter Holidays
- More About Philippines Hot Air Balloon Fiesta in Clark Pampanga
- More about Weddings and receptions
- Mother's Day in Philippines
- News
- News about Hot Air Balloon
- News in Manila and North Luzon
- News in Pampanga, Angeles City, Clark, Subic
- Nightlife, casinos and entertainment
- Organizing a Cocktail Party
- Organizing company events
- Organizing Company outing
- Organizing Team Building Events
- Organizing Team Building Events
- Other restaurants, café and dining outlets
- Other shopping in Clark
- Pampanga Clark Freeport Zone or Establishment Grievances and Complaints
- Pampanga Information
- Philippine International Hot Air Balloon Fiesta
- Philippines Hot Air Balloon Festival in Clark Pampanga
- Places to go in Clark Archive
- Politics and Opinion
- Press Releases
- Product launching and marketing events
- Real Estate, Properties and Deals
- Residential village and subdivision
- Restaurants and Bars in Clark, Pampanga
- Resto Bars, Clubs and Pubs
- Resume Database
- Retirement in Clark
- Retiring in Clark Archive
- Rules & Regulations of Clark Freeport
- Safety, Law and Order in Pampanga
- Scenic spots, tourist destinations in Clark
- School Camp in Clark
- School Camp in Philippines
- Shopping
- Shopping Archive
- Short-term lease
- Sightseeing and Tourist Spots
- Social and company events planning
- Sports and outdoor events
- Sports and Recreation in Clark and Pampanga
- Sports and Recreation in Clark Archive
- Swimming and Water sports
- Teambuilding and planning
- The Clark Lifestyle
- The Green World of Clark Philippines
- THINGS TO DO IN CLARK
- Tourism and Travel
- Tourism in Clark
- Travel Accommodations Archive
- Travel agencies and airline offices
- Trekking and horseback riding
- Vacation Rental
- Vegetarian Food and Vegan Cuisine
- Vegetarian food, vegan restaurants
- Vintners' Hall of Fame
- Visit Angeles City Pampanga
- Visit Clark Philippines
- Visit Manila Philippines
- Wedding Planners, Caterers & Event Venues in Philippines
- Wedding Planning, Organization and Services
- Wedding reception Venues in Clark
- What's Happening in Clark
- Wining & Dining Archive