Itochu Corp. has expressed willingness to further explore the Philippines ’ renewable energy resources. The Japanese firm and its local partners are already in the initial stages of developing an ethanol-production facility in northern Luzon . The current project is expected to begin operations in 2012 and will add 54 million liters of ethanol to the domestic energy sector. While the project is awaiting certification from the government, the company has already hinted that it is looking at other prospective projects for possible future expansion. Read full story here.
Tags: ethanol, green projects, Philippines , Japan , renewable energy, investment