MANILA, Philippines - A Korean biodiesel company may build a processing plant here and export biodiesel to European countries.
In a press briefing at the weekend, officials of Seoul-based NextOil Co., Ltd. said they were in talks with two local coconut oil-producing companies that will provide them with biofuel crops.
NextOil hopes to sign a memorandum of agreement with the companies next week, Chief Executive Officer Roh Jong Ho told reporters through an interpreter. The company plans to produce about 200 metric tons of biodiesel daily, the same processing capacity at its Korean facilities.
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