Posted by agri_center | Posted in Biotechnology, Coconut | Posted on 02-07-2009
Tags: Group wants toll manufacturing arrangement for biodiesel products
Group wants toll manufacturing arrangement for biodiesel products
THE Coconut Industry Investment Fund (CIIF) may enter into a toll-manufacturing arrangement with Laguna-based Atson Coco Inc. for biodiesel production.
Incoming CIIF president and chief executive officer Jesus Arranza told reporters yesterday that the toll manufacturing agreement is something he wants to pursue once he assumes office.
“I’ve already talked to Atson Coco and they’ve expressed interest in a toll manufacture agreement. We may sign an agreement as soon as I assume office,” said Arranza.
Under the planned arrangement, CIIF will supply Atson Coco’s plant in San Pablo, Laguna with crude-coconut oil for processing. The plant is capable of producing 50 metric tons of biodiesel per day. “It may seem small, but it’s better than zero,” said Arranza.
The incoming CIIF chief saidthe plan is to distribute biodiesel to oil companies like Shell, Petron and other smaller companies.
Written by Jennifer A. Ng
Source: Business Mirror