Philippines Holds Public Consultations on B5 Implementation
August 22, 2013News release: http://news.pia.gov.ph/index.php?article=1141376706886
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In the Philippines, the Department of Energy has directed the conduct of consultations with stakeholders regarding the introduction of a B5 mandate before issuing the policy.
The proposed B5 policy will increase the mandatory biodiesel blend from 2 percent to 5 percent to be powered by coconut-based biodiesel. Coconut oil is the most popular feedstock for biodiesel in the Philippines which is sold in the market in the form of coconut methyl ester (CME) or coco-biodiesel. While the proposed biodiesel hike of 5 percent will boost the market share of coconut farmers and oil producers, the DOE would like to look at the overall economic effects of this policy.
According to the DOE, the B5 policy may favor one industry but could be detrimental to others at the same time. Thus, it is calling for a wider consultation with the different sectors that may be affected by this policy. A series of public consultations on the technical, economic and financial viability of the B5 implementation is currently underway.
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