Philippine Manufacturers Ask Government to Allow Palm Oil in Biofuels
August 30, 2017http://www.businessmirror.com.ph/domestic-manufacturers-ask-government-to-allow-use-of-palm-oil-in-biofuels-mix/
| |
The Federation of Philippine Industries (FPI) is requesting the government to amend the Biofuels Act to allow the use of palm oil, together with coconut oil as a fuel additive. They believe that this will reduce the cost of biofuels in the country.
The specifications, particularly the formulation for the fuel mix, in the Biofuels Act were specifically made so that only coconut can qualify. The Biofuels Act, passed in 2006, mandates mixing a percentage of biofuels in the making of local gasoline and petroleum diesel to decrease dependence on fuel imports and meet environmental goals.
Palm oil is used as a feedstock, particularly in biodiesel, to be mixed with petroleum diesel. Currently, the price of palm oil is half of the coconut oil price in the world market, or $1,500 per metric ton for coconut versus $725 per metric ton for palm oil.
In the law, both bioethanol and biodiesel are governed by the Philippine National Standards. The mandated biofuel percentage to total volume of liquid petroleum is now at 2%.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- International Research Team Maps Jumping Genes of Maize
- Nigeria Should Turn to Biotech Amidst Population Boom
- Delays in Biotech Crop Approvals in Africa Amplifies Malnutrition
- Genetic Map Reveals Heat Tolerance Traits in Peas
- Plant 'Smells' Insect Foe, Defends Self
- MSU Food Literacy Poll Shows Consumers Are Confused about GM Foods
- Study Says Americans OK with GM for Health Care, Still Wary About Food
- ABCA Releases Updated Agricultural Biotechnology Guide
- Biotech Crop Regulation Based on Sound Science Needed for Myanmar, says Permanent Secretary
- Study Finds Hormonal Interactions Regulate Growth of Plant Roots
- GE Plants with Algae Genes Could Improve Crop Yields
-
Research Highlights
- GaMYB85 Plays a Role in Drought Tolerance in Transgenic Arabidopsis
-
Beyond Crop Biotech
- Biotech Moths to be Field Tested in NY
- Plant-produced Zika Virus Vaccine Confers Protective Immunity in Mice
-
Plant
- CRISPR-mediated Knockout of SaF/SaM Overcomes the Hybrid Male Sterility in Rice
-
Read the latest: - Biotech Updates (April 17, 2024)
- Gene Editing Supplement (April 10, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet