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PIA Press Release
2008/11/07

PGMA inaugurates Subic fuel blending plant

Manila (7 November) -- President Gloria Macalagal-Arroyo inaugurated the first fuel additives blending plant in Southeast Asia which was put up by the Petron Corporation at the Subic Technopark.

Joining the President for the inaugural event were Trade Secretary Peter Favila, Budget Secretary Rolando Andaya, and local government officials of Bataan and Zambales led by Zambales Gov. Amor Deloso, Bataan Gov. Enrique Garcia and Olongapo City Mayor James Gordon.

Built at a cost of $2.5 million, the fuel blending plant is the result of a Fuel Additives Blending Agreement entered into in 2007 by Petron and Innospec (formerly Associated Octel Ltd.), a leading global fuel additives supplier.

Petron's Fuel Additive Blending Plant can now begin serving the fuel additives requirements of Innospec's customers in the Asia-Pacific region, including Petron.

Fuel additives are chemicals mixed with gasoline and diesel to improve the efficiency of the combustion process as well as reduce environmental pollution by lowering "green house" gas emissions.

According to Petron Chairman Nicasio Alcantara, 80 percent of the plant's output will be exported to the various regional customers of Innospec which will translate into additional foreign revenue for the country.

The remaining 20 percent will be used for Petron's local products like Blaze, XCS, XTRA unleaded and Diesel max.

The fuel blending plant can process up to 12,000 metric tons of fuel additives a year. (PIA-MMIO) [top]

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