Global Bioenergy Industry News
Leyte Agri Closes Ethanol Plant
The move has been forced on the company by the high cost of molasses and stiff competition from imports.
Ruben G. Villanueva, chief operations officer of Leyte Agri, told Business World that the sugar cane planters are getting a better price to convert the cane into sugar.
The farmers earn P400 more per 50 kilograms if they sell to sugar mills instead of Leyte Agri, Mr Villanueva told Business World.
The P35-million Leyte Agri plant in Ormoc, which opened in 2008, used to produce 10,000 litres of ethanol a day and it has a potential capacity of 15,000 to 20,000 litres a day.
However, Mr Villanueva told Business World that if the plant continued production it would be losing between P45 million and P50 million a year.
Competition from imported ethanol has also forced Leyte Agri to stop production, because the company says the government has failed to impose a 20 per cent tariff on ethanol imports.
Mr Villaneuva called on the government to regulate imports and the price of molasses.
TheBioenergySite News Desk
More Bioenergy Industry News
Bangalore Invests into Biofuel Research
UK Farmers Enjoy Boom as Economy Suffers- Report Could Pave Way for Sustainable Biofuels
- Renewables Discussed as Fuel Poverty Declines
Final Preparations for European Biodiesel Summit
Australia Shares Grants to Lower Emissions
Compensation for Stuttering US Project- Prince Charles Opens AD Plant in Scotland
- Algae Tec Confirms New Facility Commission
Is Sarkozy's Loss Renewable Energy's Gain?
