The coconut industry is seeking the immediate increase in biodiesel blending to 5 percent after President Ferdinand Marcos Jr. issued
United Coconut Association of the Philippines chairman Dean Lao Jr. said the push was directed to the Private Sector Advisory Council which was tasked to help the industry increase output and export potential.
Lao said the Philippine Coconut authority has, time and again, assured that the country has enough CNO to produce coconut methyl esther–a derivative of coconut oil, to support B5. However, the increase was pushed back several times because of the pandemic. CME is the ester derivative of coconut oil that has been converted to a diesel-like product after its glycerin content has been separated through the process of “transesterification”.“We need to increase yield to maintain our standing as world’s top exporter. We are now overtaken by Indonesia and soon, if we don’t do anything, we might be overtaken by India, as well,” said PCA administrator Bernie Cruz.
The global coconut products market was valued at $20.24 billion in 2022 and was expected to expand at an annual growth of 8.4 percent from 2023 to 2030.
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