Dubai Investment House tapped for ethanol project investments

As the country’s biofuels policy is now teetering at the edge of failure, Senator Miguel Zubiri, principal author of the Biofuels Law, starts knocking at the door of Dubai Investment House for funding of pipelined biofuels projects, primarily ethanol.

The lawmaker said he already made inroads as to establishing contacts with Dubai Sheikh Maktoum in his bid at getting the latter’s nod for investments in the Philippines.

For the programmed ethanol projects, Zubiri said the immediate capital needs would be to the tune of P1 billion.