MERGED: All About OIL PRICE HIKE

[omad]

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another good news:
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Wednesday, May 23, 2007
RP, NRG Chemical of Britain sign US$1.3 billion biodiesel project (5:55 p.m.)

MANILA -- Philippine state-owned PNOC-Alternative Fuels Corp. signed a US$1.3 billion (euro966 million) deal Wednesday with British company NRG Chemical Engineering Pte. to build a biodiesel refinery and two ethanol plants in the country.

Chris de Lavigne, corporate adviser of NRG Chemical, said the company decided to invest in the Philippines because of its location, climate and the government's pro-active efforts in promoting biofuels.

NRG Chemical will own a 70 percent stake in the joint venture and provide the bulk of the equity requirement in building a biodiesel refinery, two ethanol plants and a million-hectare (2.4 million-acre) jatropha plantation. PNOC-AFC will own 30 percent of the project.

full story
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[marquee]

wow! very nice development. just hope the investors will dispose their waste products properly. kudos! we just have to be positive and do our part as citizens instead of always whining blah! blah! blah!

[roelbmalayao]

nagkaproblema na baya ang brazil coz they clear more forest areas for sugarcane plantation para ani'ng biofuel. to note, carabaos ang ricefields emit ozone-depleting compounds too... search on yahoo if you're skeptical.

[roelbmalayao]

but sa phils nga puro upaw bukid, why not...

[jong_ece]

posible kaayo!

[brad]

basta mosaka ang gasolina, halos tanan mosaka.
kong monaog ang gasolina, dili na manaog ang nanaka.
looy kaayo tang tanan.

unsay ekasolti ninyo ani.

[usrolla]

d na jud moag..mao ang nka paet

[yokam]

Ok ra unta basta ang sweldo mosaka pud proportional sa pagsaka sa gasolina ug sa mga palitonon.

[sirius]

that is life hehehe

[kratos]

our govt should look for better and affordable alternatives sa fuel and impose certain laws on how to conserve it and save money in the process.. maybe impose the use of bikes in certain areas.. or public transport that are better in transposrting many peps at a given time. like the bus system, train system these are expensive but the long term savings is big