With permits on hand engineering and construction takes 3 to 5 years.
Average bioethanol prices for the first half of June rose by a
marginal Peso 0.01/liter from H2 May to Peso 56.42/liter, and but fell to Peso 56.24/liter for the second half of the month, recording an overall month-on-month rise of 0.3% in the monthly average price for June.
THE PHILIPPINES will likely import more ethanol in the coming
years to meet the mandated ethanol blends in gasoline, as supply will be unable to meet rising demand through 2020 due to low productivity and disincentives on investments. According to a recent study from the United States Department of Agricultures Foreign Agricultural Service (USDA-FAS), the country could be requiring 860 million liters of ethanol by 2020 to meet the 20% ethanol blend requirement for gasoline by that year, which is estimated to reach 4.302 billion liters based on data from the Philippine Department of Energy (DoE). This year, however, the country is only expected to produce 110 million liters of fuel ethanol and import 300 million liters. As mandated in the Philippine Biofuels Act of 2006, diesel and gasoline should have 2% and 10% blends of biodiesel and ethanol, respectively. The DoE said the 10% ethanol blend will be raised to 20% by 2020. Estimates for this year show ethanol coming off of five refineries producing ethanol at a 65 liter/metric ton conversion rate. However, of the countrys 163 million-liter nameplate capacity for ethanol production, only 67% is used according to the FAS. The DoE estimates that the country needs roughly 15 more additional bioethanol plants each capable of delivering 30 million liters of fuel ethanol by 2020 to meet demand.