Biodiesel and Ethanol Investing

Biofuels International reports that two firms are looking to invest P3 billion in two planned facilities that will produce bioethanol in the Philippines. Artech and Eco Frontier are consulting with the Bureau of Agriculture Research for technical support while scouting areas where they could plant sweet sorghum. Heraldo Layaoen, coordinator for the sweet sorghum project, said investments will come as soon as the government gives full backing to the initiative. Sweet sorghum is a drought-tolerant crop that can grow on marginal land and does not compete with food crops.