D&L eyes establishing new biodiesel plant

Food ingredients and industrial chemicals maker D&L Industries Inc. is eyeing building a second biodiesel plant in support of the government’s plan to increase the biodiesel blend from currently 3% (B3) to 4% (B4) by October of this year.

The firm is aiming to make the biodiesel blend to 5% (B5) by October 1, 2026. So far, D&L maintains a positive long-term outlook when it comes to the local biodiesel sector, recognizing the significant benefits that an increased biodiesel blend can offer to the country's economy, environment, and consumers.

By developing the industry, several facets of the economy are set to benefit, according to the company.

''With at least 20% of the Philippine population directly or indirectly benefiting from the coconut industry, the potential for economic value creation in the form of additional investments and jobs in both the agriculture and the manufacturing sectors are significant,'' the D&L said in a press release issued Wednesday. 

The firm said that the push towards biodiesel translates into greater use of indigenous fuel, which will later reduce the country’s dependence on imported fossil fuels and support energy self-sufficiency. 

''With less reliance on imported fuels, the fluctuations in global oil prices would have a lesser impact on the country's foreign exchange reserves. This stabilization can lead to a more predictable economic environment for currency management,'' the D&L said.

Established in 1963, the D&L Industries is a Filipino company engaged in product customization and specialization for the food, chemicals, plastics and consumer products ODM industries. 

The company’s principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use. — Anna Felicia Bajo/BM, GMA Integrated News