Still full speed ahead for biofuels

This Friday marks the deadline for meeting a requirement that at least 5% bioethanol comprise the annual volumes of gasoline sold in the country and Energy Utilization and Management Bureau Director Mario Marasigan said the oil companies were more than ready.

Oil companies have already been selling blends of a much as 10%, he said, ahead of the four-year timeframe wherein the government will have to decide whether to raise the standard to that level.

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