Gazasia,
a UK company that develops waste-derived biofuels, is to begin
operations in the Philippines to develop a vehicle fuel made from
organic waste products in landfill.
Gazasia creates liquid biomethane - a carbon-neutral, sustainable and
high-quality vehicle fuel – by cleaning and refining the natural gas
produced by organic waste found in landfill sites.
In the Philippines, as throughout much of the world, landfill remains
the most common means of waste disposal. But left alone, it creates
potentially damaging gases, including methane and carbon dioxide.
Gazasia cleans this methane and converts it to liquid biomethane,
creating a clean and commercially viable fuel, as well as preventing
harmful methane being released into the environment.
Earlier today, Aboitiz Equity Ventures Inc (AEV) announced it had signed
an agreement in London with Gazasia worth USD 150 million to fund the
development of plants to create liquid biomethane from organic waste.
Vehicle fuel prices in Asia have risen sharply over the last year and
are expected to continue rising. Many governments throughout the region
are subsidising fuel costs but have insufficient resources to maintain
their subsidies indefinitely.
“The impact of higher vehicle fuel prices has been especially severe in
South East Asia,” says Richard Lilleystone, CEO of Gazasia. “Public
transport is essential to the workforce. Rising fuel costs have a direct
impact on transport costs and food prices, which of course has the
greatest impact on those least able to afford it.”
The use of biomethane as a vehicle fuel is growing across the world, and
particularly in South East Asia. {{It is an economical alternative to
fuel, and has a positive impact on air quality.}} Waste organic material
is abundant and inexhaustible, making the fuel sustainable, and
unaffected by the sort of geopolitical events that impact on oil-based
fuels and lead to price volatility.
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