PNOC unit inks jatropha deals

May 27th, 2009

TweetBy Amy R. Remo Philippine Daily Inquirer First Posted 23:49:00 05/26/2009 Filed Under: Alternative energy, Government Contracts, Economy and Business and Finance, Agriculture MANILA, Philippines—PNOC-Alternative Fuels Corp., the biofuels arm of state-owned Philippine National Oil Co., has signed a jatropha deal with three grower-partners to develop 1,650 hectares of jatropha plantations in Iligan City, Biliran [...]

By Amy R. Remo
Philippine Daily Inquirer
First Posted 23:49:00 05/26/2009

Filed Under: Alternative energy, Government Contracts, Economy and Business and Finance, Agriculture

MANILA, Philippines—PNOC-Alternative Fuels Corp., the biofuels arm of state-owned Philippine National Oil Co., has signed a jatropha deal with three grower-partners to develop 1,650 hectares of jatropha plantations in Iligan City, Biliran and Aklan.

PNOC-AFC president and CEO Romeo P. Tolentino said these growers were Malagsum Highlands Multi-Purpose Cooperative (Mahimco) in Iligan; San Juan Capenyahan Producers Cooperative in Biliran and RSL Agro-Trade Company Inc. in Aklan.

The biofuels group will codevelop with San Juan Capenyahan some 200 ha for jatropha; 450 ha with Mahimco; and 1,000 ha with RSL Agro-Trade.

“The biodiesel program is now at its peak and we are honored that grower-partners are increasing by the numbers,” Tolentino said.

Earlier, PNOC-AFC forged a deal with local government of Rodriguez, Rizal and the Montalban Farmers Multi-Purpose Cooperative to establish a 2,000-ha jatropha plantation in Montalban, Rizal.

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