Roxas’ biofuels unit start full operations 09/30/2011

Roxas’ biofuels unit start full operations

09/30/2011
The bio-fuel unit of listed sugar group Roxas’ Holdings Inc. (RHI), Roxol Bioenergy Corp., has started full operations after the government announced the guidelines for the much-awaited pricing mechanism for ethanol will be signed soon.

RHI chairman Pedro Roxas said the company was informed that the guidelines shall involve a reference price for locally produced fuel ethanol based on the National Biofuel Board’s published prices of feedstock as monitored by the Sugar Regulatory Administration..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/business/20110930bus6.html