The company said the project remains in the planning stage but emphasized that additional capacity is highly likely as demand for biodiesel continues to strengthen.
Regulators recently suspended the rollout of four percent and five percent biodiesel blends due to high coconut oil prices and inflation concerns, but D&L expects the policy to proceed at a later date.
With its Batangas plant now complete and major capital investments largely behind it, the company has the flexibility to fund a new facility that would cost significantly less to build.
Chemrez remains the country’s largest biodiesel producer and has been a driving force in developing the local industry, including establishing Asia’s first continuous coconut biodiesel plant in 2006.
The company sees biodiesel as a key growth driver, citing its ability to create jobs, strengthen agriculture, and cut carbon emissions by as much as 78 percent compared to petroleum diesel.
—Edited by Miguel R. Camus
