Philippines: Biofuels Annual

  |   Attaché Report (GAIN)   |   RP2022-0043

Post sees Philippine biofuels consumption partially recovering in 2022 due to economic growth, as fuel ethanol demand grows 13 percent to 660 million liters and biodiesel increases 31 percent to 250 million liters with the projected movement from B2 to B5 blend and the fuel pool increases as forecast. Ethanol production is almost flat with one percent growth to 360 million liters. Limited feedstock continues to be a challenge, with local producers only able to supply half the requirements for gasoline blending. Imported ethanol will grow by 33 percent in 2022 to 300 million liters, which should continue to fill the gap. In support of climate action, the Philippines calculated its carbon intensity of biodiesel from crude coconut oil and refined coconut oil at 32.8 gCO2e/MJ and 31.5 gCO2e/MJ, respectively, and ethanol at 46.8 gCO2e/MJ. Fuel ethanol can bring down the true cost of gasoline. Moving up to E20 from the current E10 will lower gasoline prices and generate more savings from avoided GHG emissions.

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