Petron Corp. has commenced the construction of its coco-methyl ester (CME) plant at its Bataan refinery facility.
Petron Corp. has commenced the construction of its coco-methyl ester plant at its Bataan refinery facility.
The CME plant, which cost an estimated P1.2 billion, will have a production capacity of 182 tons per day or 66,430 tons per year, based on Petron’s Environmental Impact Statement. The CME plant will eliminate dependence on third-party suppliers and provide higher margins for diesel. This is aligned with Petron’s long-term vision to increase its resilience and further cut down its environmental impact.
“We continue to note an increased and growing demand for our products even as we contend with pricing challenges, heavy competition, and the lingering effects of the pandemic. With our full recovery within our reach, we’ve returned our focus on growing the business and beefing up our operational framework to ensure our continued success and sustainability.”
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