According to the DOE, there are 13 accredited biodiesel producers, with a total rated production capacity of 707.9 million liters per year (MLPY) or almost 300 percent of the required B2 (two percent coco methyl ester blend in diesel) volume.
“This indicates that there is more than enough capacity to meet the proposed increase in the biodiesel blend from B2 to B5, should it be pursued this year,” the DOE said in a statement.
It said additional capacities with a total of 277.65 ML would be on-stream between 2021 and 2022, further pointing to a secured biodiesel supply for the B5 mandate.
DOE Assistant Secretary Leonido J. Pulido III said while there is no immediate plan to increase the bioethanol blend, the long-term goal is to bring it up to 20 percent by the year 2040 to help the country achieve energy security, self-sufficiency and independence.
The Philippines mandates a blending of 10% bioethanol on all gasoline products sold across the country under the Biofuels Act of 2006.