Cane ethanol plantThis article was originally published in The Public Ledger
JAPANESE firm Itochu Corporation plans to invest $120m in a cane ethanol plant in the Philippines province of San Mariano. The project will be developed by Green Future Innovations, a joint venture between Itochu, Japan-based JGC Corporation, the Philippine Bioethanol and Energy Investments Corporation and the Taiwan-based holding firm GCO. Due for completion in 2012, it will be the country's largest ethanol production facility, manufacturing 54m litres a year from 700,000 tonnes of sugarcane. The plant has also been designed to generate 19 megawatts (MW) of electricity from bagasse, 13MW of which will be supplied to the national grid.