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Absolut to invest $10.7 million in new ethanol plant in the Philippines

 

Absolut Distillers Inc. revealed on Tuesday plans to construct a sugar mill and cogeneration plant that would entail an investment of at least US$10.7 million.

The sugarcane mill will  produce 1,800 metric tons (MT) to 2,000 MT per day.  The mill will crush the sugarcane and process the juice into bioethanol.

Plans are also underway to set up co-generation to supply power to the national grid. Bagasse from the sugarcane will be used as fuel for the cogeneration power plant.

The company is still seeking the funding required for the project, which is expected to take two years to construct.

In the Philippines, the Biofuels Act of 2006 mandated a 10-percent ethanol blend in gasoline.

Read more:LT Group to launch new bioethanol facility in the Philippines

 

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