Gokongwei plans more power, ethanol projects in Negros | Inquirer Business
Close  

Gokongwei plans more power, ethanol projects in Negros

By: - Correspondent / @carlagomezINQ
/ 03:53 AM February 18, 2013

John Gokongwei Jr.: More projects on Negros Island. NELSON MATAWARAN

BACOLOD CITY, Philippines—Tycoon John Gokongwei Jr. has announced plans to put up power and ethanol plants on Negros Island.

Gokongwei said on Thursday that the Gokongwei group would put up an ethanol plant at the Universal Robina Sugar Milling Corp. (Ursumco) compound in Manjuyod, Negros Oriental.

ADVERTISEMENT

He said the ethanol plant would be operational by the end of the year.

The Ursumco ethanol plant will use molasses, a byproduct from the processing of sugar cane into sugar, to produce ethanol.

FEATURED STORIES

Meanwhile, other byproducts from the sugar mills would be used to fuel power plants.

One proposed power plant would be located at the Southern Negros Development Corp. (Sonedco) property in Kabankalan City in Negros Occidental, Gokongwei said.

The power plant will generate electricity using bagasse, a renewable biomass residue from the sugar mill, as feedstock, according to the investor presentation of United Robina Corp. (URC).

The power plant would supply Sonedco’s electricity requirement while the surplus power would be fed to the power grid in the area.

The URC company officials disclosed that the power plant would have a capacity of 40 megawatts and would cost around $60 million.

If the ventures into ethanol and power production would turn out to be economically viable and competitive, Gokongwei said the group would consider putting up more ethanol and power plants.

Gokongwei, chairman of JG Summit Holdings, was in Bacolod to receive a plaque declaring him an adopted son of Bacolod as well as a copy of an executive order that named him the honorary mayor.

JG Summit owns three other sugar mills—Cagayan Robina Sugar Milling Company in Cagayan Valley, the Passi Sugar Central in Iloilo and a sugar mill in Tolong, Negros Oriental.

Subscribe to our business newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, Energy, ethanol plants, John Gokongwei Jr., Negros Island, Philippines, power plants
For feedback, complaints, or inquiries, contact us.

Subscribe to our business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.