Philippines: Biofuels Annual

Post sees Philippine biofuels consumption partially recovering in 2021 due to the loosening of quarantine restrictions, as ethanol demand grows 9 percent to 570 million liters and biodiesel increases 9 percent to 175 million liters. Blend rates remain unchanged. Ethanol production will grow 18 percent coming from a low base to 330 million liters while biodiesel will decrease by 4 percent to 180 million liters as existing inventories are distributed. Limited local ethanol feedstock continues to be a challenge, with local producers only able to supply half the requirements for gasoline blending; however, imported ethanol, estimated to stay flat in 2021 at 240 million liters, should continue to fill the gap and offset higher pump prices. In support of climate action, the Philippines calculated its carbon intensity of biodiesel from crude coconut oil and refined coconut oil at 32.8 gCO2e/MJ and 31.5 gCO2e/MJ, respectively, and ethanol at 46.8 gCO2e/MJ, all of which present significant GHG savings.