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Published June 28, 2021, 12:45 PM
The Philippine coconut industry is urging the government to act on the long-delayed increase in the coco-biodiesel blend to 5 percent of all diesel sold at the pumps as this is crucial to helping farmers amid hard times wrought by the pandemic.
The Philippine Coconut Authority (PCA) had assured that there is more than enough feedstock supply and the move will benefit farmers.
The Philippine Biodiesel Association (TPBA), the country’s leading group of biodiesel stakeholders and advocates, said the industry has always supported the local coconut farmers’ welfare.
It noted that, “there is a 5 centavos per liter lien contributed by every CME producer to the Department of Labor and Employment’s Social Amelioration and Welfare Program. This funds the livelihood and training programs for coconut farmers and biodiesel workers.”