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. However, left alone, it creates potentially damaging gases, including methane and carbon dioxide. Gazasia processes 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 (AEV) announced it had signed an agreement in London with Gazasia worth $150m 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,” said 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.”