UK biofuel firm in $150m Philippine landfill gas venture
UK-based waste to biofuel specialist, Gazasia is to begin development of a vehicle fuel made from organic waste products from landfill in the Philippines in conjunction with Manila-listed Aboitiz Equity Ventures.
The companies signed an agreement that secures USD150 million of investment to fund the joint development of plants to create liquid biomethane from organic waste.
Gazasia says it processing methods cleane and refine the natural gas produced by organic waste found in landfill sites, create liquid biomethane, a sustainable and high-quality vehicle fuel.It claims that as a vehicle fuel, the product burns cleanly offering a 90 percent reduction of PM10 particulates, 60 percent reduction in Nitrogen Oxides (NOx), 50 percent reduction in Sulphur Dioxide (SO2) and a 68 percent reduction in CO2 emission – figures that are presumably in comparison to conventional diesel engines. It also says there is a significant reduction in noise levels.