Press Release
December 4, 2007

Renewable energy sector, biofuels get boost from Spain

Senator Juan Miguel Zubiri, main author of the Biofuels Law and a main proponent of renewable energy, said the official travel to Spain shows positive outlook for the renewable energy sector in the Philippines .

"This trip has opened avenues for more concrete government and industry collaboration at the same time that the Senate is now fast tracking legislation for renewable energy," Zubiri said.

Zubiri stressed that Spain is the world's second powerhouse when it comes to renewable energy.

Bionor Transformacion is investing $200 Million to plant 100,000 hectares in South Palawan to jatropha.

"Through the Philippine Agricultural Development and Commercial Corporation, as the implementation agency of the Department of Agriculture, Bionor will assist the country's biofuels development efforts through the identification of feedstock, cultivation practices, design engineering and construction of biofuels processing plants."

Likewise a Memorandum of Agreement and Cooperation will be signed between the Department of Agriculture and Fundacion Codespa , a partnership of Non-Government Organizations in Spain involved in agricultural projects through micro-finance, training and technology transfer and business incubation.

Green Fuels Inc, recently signed and agreement to invest $150 Million and open 10,000 jobs in a biofuels processing plant in Davao Oriental. Green Fuels Inc. signed this agreement with Governor Corazon Malañaon.

"We also had an official reception at the Spanish Senate where they highlighted Philippine-Spanish relations and friendship. The Philippine delegation was headed by Senator Ed Angara as president of the Philippine-Spanish Inter-Parliamentary Association."

"The trip's real gains are greatly economic in nature that will generate jobs for Filipinos in the biofuels sector and clean energy in addition to renewed cultural ties with Spain ."

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