MANILA, Philippines - The joint venture between Aboitiz Equity Ventures and UK firm GazAsia Ltd is set to spend $30 million for a planned biomass facility.
The plans are still being worked out by the business partners, said Juan Alfonso, director of the joint venture firm Aseagas Corp, on the sidelines of a Renewable Energy forum on Tuesday, February 19.
When asked where the pilot plant will be located, Alfonso simply pointed out that “75% of the market is in Luzon."
Aseagas is an alternative fuel firm providing waste-to-fuel solutions. It aims to help improve the air quality of cities by providing sustainable, green transport solutions, utilizing waste that would otherwise be left to pollute the environment.
In 2012, the partners agreed to jointly develop, construct and operate plants that will convert organic waste into carbon-neutral, sustainable and renewable fuel for vehicles in the form of liquid biomethane.
GazAsia has built in the UK an operating plant that produces liquid biomethane fuel, which sources methane energy from landfills or organic waste. - Rappler.com