Razon-led Prime Metroline Infrastructure Holdings Corp. (Prime Infra) and partners are exploring the possibility of putting up a biorefinery plant in Luzon.
Prime Infra and US-based WasteFuel Global have established WasteFuel Philippines for its waste-to-fuel project.
WasteFuel Philippines is now evaluating the feasibility of putting up a biorefinery plant, which will transform landfill waste into sustainable aviation fuel (SAF). It would convert over one million tons of municipal waste into 30 million gallons of low-carbon synthetic crude oil annually.
The plant, which will be located in Luzon, is targeted for commercial operations in 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.
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,” Neilson said.
NetJets, a leader in private aviation, has committed to purchase a minimum of 100 million gallons of SAF from WasteFuel over the next 10 years.
Utilizing the most effective technologies available, WasteFuel will produce fuels that burn up to 80 percent reduction in carbon compared to fossil-fuel based aviation fuels.
Prime Infra, the core infrastructure arm of Razon, is involved in construction, water and power segments.
It has a 50-percent interest in Solar Philippines Power Project Holdings Inc. (Solar Philippines), the owner of the largest solar farm in the country. Prime Infra paid P1.5-billion for this.
This transaction is the first step towards Prime Infra building its power generation portfolio in the Philippines.