Petron signed recently the purchase agreement of San Carlos Bioenergy Inc. ethanol to produce ethanol-blended gasoline, a press release said.

The pact with Petron boosted SCBI's track record as the site of the first ethanol plant in the country. Aside from producing ethanol, SCBI also produces power, double than the plant's requirements, the press release added.

The excess power produced by SCBI assures the community in San Carlos of a more efficient and reliable supply of electricity.

Imported corn arriving in June

To avoid sudden and abrupt increase in the price of animal feeds, the National Food Authority will import yellow corn from Argentina, a news update from the NFA said.

Cargill Philippines, Inc. and Toeffer International Asia PTE. Ltd won the right to supply 120,000 metric tons of yellow corn in a bidding held at the NFA national office.

Both Toeffer and Cargill will be supplying 60,000 MT each. Toeffer will supply the corn at US$ 215.50 /MT CFR,FO to arrive not later than June while Cargill quoted US$ 215.48 /MT CFR,FO to arrive not later than July. The corn imports was purchased by 12 end-users including poultry, hog and feedmill integrators who attended the bidding. NFA Administrator Jessup Navarro said the corn importation was done following the directives of the Department of Agriculture which acted on the request of hog and poultry feed integrators to import the commodity.

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