Statement of Intent to Expand Investment in Philippine Bio-Energy and Bio-Fuel Supply Signed at the Embassy
On 03 March 2008, a Joint
Statement of Intent between FE Clean Energy and the Philippine
Agricultural Development and Commercial Corporation (PADCC) was signed
at the Philippine Embassy in Washington D.C. on 03 March 2008. FE Clean
Energy will expand its investment in the production of fuel alcohol from
sugarcane and develop bio-energy infrastructure to augment the bio-fuel
supply in the Philippine market.
PHOTO: (Top) Philippine Agriculture Secretary Arthur Yap meeting with
officials of FE Clean Energy prior to the signing of the Joint Statement
of Intent. (Lower left) Mr. Mariz Agbon, PADCC President, (left) signing
the Joint Statement of Intent with Mr. Francisco Hoyos, Vice Chairman of
FE Clean Energy. (Lower right) Agriculture Secretary Yap (left) with Mr.
Jose Ma. Zabaleta, Chairman of Bronze Oak Clean Energy, the Philippine
partner of FE Clean Energy on this project.