maka save na ang company in the long run ... maka create pa ug job sa mga coco farmers
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http://www.sunstar.com.ph/static/ceb...coco.fuel.html
Wednesday, August 17, 2005
Shemberg bares plan to switch to coco fuel
Manufacturing companies using bunker-fired boilers in their operations can help solve the oil crisis in the country by using solid-fired boilers instead.
This shift will lessen the country’s demand for oil, said Shemberg Corp. president Benson Dakay.
Although converting bunker-fired boilers into facilities that use coal or coconut shell requires a substantial investment, Dakay said many companies will benefit from it in the long run because coal and coconut are cheaper.
Coconut shells cost about P1.7 per kilo while coal costs about P1.8 per kilo. The price of bunker oil today is P20 per liter. But this may soon go up to P30 per liter.
“The return of the investment is quick because companies are able to save more in the long run,” Dakay told Sun.Star Cebu.
Dakay said Shemberg plans to invest about P60 million this year to convert six bunker-fired boilers of its seaweed processing companies-Shemberg Marketing Corp. in Mandaue City, Shemberg Biotech Corp. in Carmen and Polyssacharide Corp. in Zamboanga City-into solid-fired boilers.
He said Shemberg has no other choice but to invest in this new technology because the company cannot afford to increase the prices of its carrageenan export.
If it would do so, the company will not be able to compete in the world carrageenan market, he added.
The three Shemberg companies have been consuming around one million liters or 5,000 barrels of bunker oil amounting to around P15 million every month.
“When we have had fully converted our boilers, the pressure for oil would ease up. The 5,000 barrels can be used by the other sectors. This volume is enough to run 3,000 cars,” Dakay said.
In an interview, Timex Corp. president and chief executive officer Joe Santana said the company is also affected by the increasing prices of oil in the world market.
“I believe everybody is affected, not only Timex,” he said.
Crude oil prices went past $65 to a barrel last week, prompting energy officials have also announced they are trying to avoid the use of fuel oil-fired power plants.
Earlier, Cebu Chamber of Commerce and Industry (CCCI) president Robert Go said the chamber has asked its members to implement austerity measures amid the rising cost of oil. (JBN)