MANILA, Philippines- Biofuels maker Basic Energy Corp. is partnering with Chevron Philippines (Caltex) for the possibility of supplying 25 to 50 million liters of bioethanol a year to the fuel retailer.
In a statement, Basic Energy said it has signed a memorandum of understanding with Chevron to undertake a study to determine the feasibility of the possible supply agreement.
Basic Energy said the results of the study would help determine the terms and conditions for the supply contract with Chevron.
The company said it has signed a similar agreement with another oil retailer, Pilipinas Shell Petroleum Corp., late last year. – GMANews.TV
Source: http://www.gmanetwork.com/news/story/86944/economy/companies/basic-energy-chevron-in-possible-biofuel-supply-partnership
BASIC ENERGY Corp. has started development of a 43.41-megawatt (MW) solar power project in Cadiz City, Negros Occidental, as part of its 187.23-megawatt-peak (MWp) solar portfolio. In a statement issued on Wednesday, the listed company said its wholly owned subsidiary Basic Energy Cadiz 1 Corp. held the groundbreaking for the Cadiz 1 Solar Power Plant…
read moreMANILA, Philippines — ACMobility has expanded its electric vehicle infrastructure initiatives to strengthen public transportation networks through dual partnerships with Basic Energy Corporation and Grab Philippines. The Ayala Group’s mobility unit is deploying physical charging stations along major traffic corridors while launching digital fleet management technology to support electric buses, taxis, and ride-hailing vehicles. Through…
read more
