Ports and casino magnate Enrique Razon’s Prime Infrastructure Holdings Corp. said Wednesday it has established a new subsidiary for its waste-to-fuel project being developed in partnership with US-based WasteFuel Global.
In a statement, Prime Infra said the new company, WasteFuel Philippines, is evaluating the feasibility of putting up a biorefinery in Luzon that would convert over one million tons of municipal waste into 30 million gallons of low-carbon synthetic crude oil annually.
The biorefinery plant is eyed to be operational by 2025.
“The Philippines’ capital region alone generates around 10,000 tons of municipal solid waste per day, equivalent to the weight of approximately 17 Airbus A380 planes. At WasteFuel Philippines, our goal is to turn waste into a valuable source of clean energy, thus improving waste management processes and reducing carbon emissions from transportation,” said Prime Infra president Guillaume Lucci.
Prime Infra said that NetJets, a leader in private aviation, has committed to purchase a minimum of 100 million gallons of sustainable aviation fuel (SAF) from WasteFuel over the next 10 years.
Utilizing the most effective technologies available, WasteFuel will produce fuels that burn up to 80% reduction in carbon compared to fossil-fuel based aviation fuels.
WasteFuel Global chairman and CEO Trevor Neilson said the project will help solve the municipal waste problem and minimize methane emissions from landfills.
“This is addressing sustainability in a whole different way and creates a profound social and environmental impact,” said Neilson.
Prime Infra is Razon’s infrastructure arm focused on providing reliable, resilient and sustainable infrastructure. The company’s infrastructure assets include both renewable and sustainable energy, water, and construction.
It will soon expand to other industries, further diversifying its portfolio and improving our services and commitment to various communities around the world, according to Prime Infra.—AOL, GMA News