- Category: Living Green
27 May 2009
- Published on Wednesday, 27 May 2009 14:04
- Hits (2279)
In the Philippines, environmental technology company and importer Veredium Energy Ventures, Inc. is considering the importation of next-generation biofuels in the country, according to the Business Mirror last Sunday (May 24). With the local biofuel industry being highly dependent on food sources such as coconut, cassava, and sugar cane, Veredium CEO Petteri Makitalo told Business Mirror that alternative sources such as waste may be a better option.
Second generation ethanol fuel, a kind of alternative fuel not sourced from food crops, is derived from waste or biowaste, Makitalo explained to Business Mirror. Veredium is planning to bring in the said kind of biodiesel to the Philippines.
According to Makitalo, Veredium will make sure that biowaste-sourced ethanol fuel is feasible in the Philippines. Studies have reportedly been underway and the results will be out by the first quarter of next year. Makitalo also told Business Mirror his desire to fast track the project, the technology for which is already proven.
A huge investment would be required by the project, Makitalo told Business Mirror, should the feasibility study prove favorable and a production facility would have to be built next.
Veredium is the Philippine importer of Italy’s Agip Lubricants, an international line of automotive, industrial, specialties, and racing lubricants.
- Jen Balboa