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- PNOC Alternative Fuels Corporation
PNOC Alternative Fuels Corporation - Taguig City
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Company name
PNOC Alternative Fuels Corporation
Location
Fort Bonifacio, Taguig, 1634, Taguig City, Philippines
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Company description
The Philippine National Oil Company – Alternative Fuels Corporation (PNOC-AFC) was formerly known as the PNOC Petrochemical Development Corporation (PPDC) until its Articles of Incorporation was amended on July 13, 2006. It is a wholly-owned subsidiary of the Philippine National Oil Company.The PNOC-AFC’s primary mandate is to explore, develop and accelerate the utilization and commercialization of alternative fuels in the country. It has the primary responsibility over the biofuels project and to coordinate with the concerned agencies as directed by President Gloria Macapagal Arroyo during the joint National Economic and Development Authority and National Anti-Poverty Commission Cabinet Meeting on August 8, 2006.The PNOC-AFC also pursues the development, operation and management of
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the PNOC-AFC Industrial Park, an industrial estate with an area of more than 530 hectares located in the province of Bataan.The PNOC-AFC’s operations are developmental and commercial in nature. The Corporation aims to meet increasing global demand for biofuels and provide maximum returns while contributing to job creation and poverty alleviation efforts of the Government through alternative fuels production and utilization.The role of PNOC-AFC in the government’s Alternative Fuels Program has become even more relevant with the signing into law of Republic Act 9367 also known as the Biofuels Act of 2006 – the first of its kind in Southeast Asia – on January 12, 2007. The Biofuels Act of 2006 mandates the use of biofuels in the country.The PNOC-AFC started its integrated biofuel production to ensure sustainable supply of feedstock and lower production cost while providing maximum benefits/returns to the Company and the farmers. It began to serve as a catalyst in biofuels production using cheaper indigenous feedstocks.Recognizing the magnitude and urgency of the mandate, the PNOC-AFC developed a roadmap that would facilitate the development and utilization of alternative fuels iListed in categories
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