Green Future Innovations to start up bioethanol distillery in Q2

18 January 2012 07:24  [Source: ICIS news]

SINGAPORE (ICIS)--Green Future Innovations is expected to commission operations at its 54m litres/year ethanol distillery situated in northern Philippines on 12 May, a company official said on Wednesday.

The $120m (€95m) project, located in San Mariano, Isabela province, will produce ethanol from an 11,000 hectare sugarcane plantation in and around San Mariano’s 30km radius. It will also convert bagasse or sugarcane residue to electricity.

Anhydrous ethanol is primarily used as a gasoline blending component and distributed across retail networks in the Philippines.

Green Future Innovations is a joint venture between Japan’s Itochu Corp, Japan Gas Corp, the Philippine Bioethanol and Energy Investments Corp, and Taiwanese holding company GCO. The joint venture was formed to supply anhydrous ethanol to the Philippines domestic market.

($1 = €0.79)

By: Lester Teo

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