MANILA – A company of the Aboitiz Group, Aseagas Corporation, has begun constructing the first bio-methane fuel plant in the country.
The $50 million biogas plant in Lian, Batangas is expected to produce renewable and carbon neutral fuel in the form of liquid bio methane, which will be sold to commercial vehicle fleets and public transport running on gas engines.
Aseagas president and chief executive Sabin Aboitiz said the product has no negative impact on the environment.
The groundbreaking for the Aseagas plant was held on March 18 and was attended by Batangas Governor Vilma Santos-Recto, Department of Energy Director Mario Marasigan, Sen. Ralph Recto, Mayor Isagani Bolompo, and Lucio Tan Group representative Bong Tan.
Aseagas is the newest clean energy company of the Aboitiz Group which produces liquid bio-methane fuel derived from organic waste.
Aseagas is currently sourcing all organic waste requirements from Absolut Distillers, Inc., a subsidiary of Tanduay Holdings, Inc., through an Effluent Waste Supply Agreement signed in September.
Formed in 2012, Aseagas is a joint venture between Aboitiz Equity Ventures and Gazasia, Ltd., a UK-based alternative fuel company, providing waste-to-fuel solutions.