The standard being proposed aims to increase the coconut blend of diesel oil from 2% to 5%. Public consultations would also be conducted starting next month and a test run on jeepneys for five days to check if their engines would operate smoothly using the higher blend of coconut oil.
The higher coconut blend of diesel oil can potentially put an ease on the overall importation of diesel. Since the country relies heavily on importation to meet the ever-increasing local demand for oil, tapping the local production of coconut to concoct the formula for diesel can help decrease our dependence on oil shipments. From 2011 to 2012, diesel oil posted the biggest growth among other petroleum product imports, expanding by 35.7%. If we can look for other ways in order to source our oil locally, then the country no longer has to suffer the constant changes of oil.
The higher coconut blend concentration will not only benefit the oil industry, but also the coconut farmers. Philippine Coconut Authority Administrator Euclides Forbes said that with the 3% increase in biodiesel blend, the country could save as much as P 10 billion. It would also boost farmers’ income, help in climate change mitigation, and improve the Philippine economy since currency would circulate within rather than exit the country.
News article retrieved from:
De la Paz, German III
Francisco, Maria Miranda