P5B ethanol plant
rise in Murcia
BY CARLA GOMEZ
An ethanol plant, projected to cost between P3 to P5 billion, will be built in Barangay Blumentritt, Murcia, Negros Occidental soon under a joint venture agreement between Biofuels International Phils. Inc. and a group of foreign investors, BIPI president Roberto Montelibano said yesterday.
The plant that will be bigger than the San Carlos Bionergy Inc. plant recently inaugurated in San Carlos City , will be built within a 45-hectare property to be developed into an industrial zone, Montelibano, who is also president of the Metro Bacolod Chamber of Commerce and Industry, said.
BIPI is composed of a group of sugar farmers, businessmen and professionals, and is now in the final stages of concluding the agreement with foreign investors, he said.