All systems go for Roxol’s bioethanol plant

The Philippine government said it will sign and give guidelines for the pricing mechanism for ethanol to Roxol Bioenergy Corp., the bioethanol company listed under Roxas Holdings, Inc. (RHI). RHI Chairman Pedro Roxas said, “We were informed that the guidelines shall involve a reference price for locally produced fuel ethanol based on the National Biofuel Board’s published prices of feedstock as monitored by the Sugar Regulatory Administration.” Roxol started production in July and has begun negotiating with oil companies. There is a mandate for oil companies to blend 10% ethanol with gasoline, as specified in the Biofuels Act of 2006. Roxol is based in La Carlota City, Negros Occidental, Philippines, and has a production capacity of 30 million liters of ethanol per year. The company uses molasses, a sugar by-product as feedstock. (September 30, 2011)