Foreign Firms Eye Investments in Cebu Waste Management, Biomass Facilities

Manila Bulletin, June 30, 2011 | Go to article overview

Foreign Firms Eye Investments in Cebu Waste Management, Biomass Facilities


CEBU, Philippines - An American company plans to invest in an Integrated Solid Waste Management Program in the province that can help diminish the current garbage crisis in Cebu even as another foreign company eyes the putting up of a biomass facility in Bantayan Island.Sinova Capital has responded to the Cebu provincial government's invitation to submit a bid on a waste-to-energy facility that encompasses garbage collection, segregation, and energy generation.Sinova Capital co-owner Aldan Stretch told Cebu Governor Gwendolyn Garcia that his company will need to conduct a feasibility study to determine the amount and characterization of the waste generated in the area so that they would know how big the facility should be.If it is successful in the bidding, the company will fund the project and the Cebu provincial government will provide the land for the facility. This will be Sinova's second project in the Philippines. It also has similar investments in Thailand.Cebu is an ideal site because of the support of its local government. It is also the second largest in the country in terms of population.Pointed out Stretch, "We believe it's a very attractive area to do waste-to-energy facility in since it's densely populated. …

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