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
LISTED Basic Energy Corp. is set to begin processing the necessary permits for its proposed solar power project in Bolinao, Pangasinan, after securing a certificate from the government. In a regulatory filing on Thursday, Basic Energy said the Department of Energy (DoE) granted the company a certificate of authority (CoA) for its proposed solar energy…
read moreBasic Energy Corporation announced that the Department of Energy (DOE) has granted the company a Certificate of Authority (COA) for its proposed Solar Energy Operating Contract (SEOC) application for the Bolinao, Pangasinan Solar Power Project. The COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy (RE) Contracts effective June…
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