The Philippines’ usage of fuel ethanol and biodiesel is anticipated to largely rebound this year due to economic growth, according to the United States Department of Agriculture (USDA).
According to a USDA report dated July 19, 2022, the Philippines’ fuel ethanol consumption will increase by 13% this year to 660 million liters from 584 million liters last year, while the use of biodiesel will rise by over 31% to 250 million liters from 191 million liters due to the anticipated increase in the required local biofuels blend.
10% ethanol and 2% biodiesel are added to petroleum oil products that are sold in the nation.
However, compared to last year’s 350 million liters, the USDA predicts that the Philippines will produce the same amount of gasoline ethanol this year: 360 million liters.
On the other hand, production of biodiesel is predicted to increase by 25%, from 198 million to 248 million liters.
According to the research, local producers can only meet half of the requirements for gasoline blending because of the restricted feedstock that remains a problem.
Locally, biodiesel and ethanol are mostly made from copra and sugar cane, respectively.
According to the USDA, imports of gasoline ethanol into the Philippines will increase by 33% to 300 million liters during the course of the year, from 225 million liters, to make up for the country’s inadequate domestic output.