Chemrez to expand logistics

Coconut biodiesel supplier Chemrez Technologies, Inc. will allocate Php691 million (US$14.28 million) to bankroll projects to set in place the much-needed requirements for the commercial kick-off this year of the Philippines biodiesel mandate. “We already built (our) continuous process biodiesel plant with enough capacity for the mandated blending and there is now a need for storage, logistics and cash flow to operate at this capacity and scale,” said ChemrezTech Chief Operating Officer Dean Lao, Jr. (February 11, 2007)