BOI approves P1.5-B wood and grass pellets project

THE Board of Investments (BOI) has approved the application for registration of Pelletasia Victorias Corp. as a new export producer of wood and grass pellets under a non-pioneer status.

“The potential benefits of wood, especially napier grass, are not yet fully explored to substantially become alternative fuels and contribute to energy independence. These resources can be grown in abundance as demand of energy pellets is seen to continuously grow,” said Trade Undersecretary and BOI managing head Ceferino Rodolfo on Wednesday.