Aboitiz Equity, Gazasia sign JV for waste-to-fuel plant

Aboitiz Equity Ventures Inc. said it has signed a memorandum of agreement for a joint venture with Gazasia Ltd. to develop waste-to-fuel facilities in the Philippines.The facilities will convert organic waste material into a carbon-neutral, renewable fuel for vehicles in the form of liquid biomethane, the company said in a filing made at the Philippine Stock Exchange. Gazasia, a U.K.-based company, will provide technical expertise, specialized equipment and project management. Aboitiz Equity will provide the funding for the project and access to markets in various parts of the Philippines.