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Green Future Innovation (GFI), a Filipino-Japanese joint venture is joining the call for investments on renewable energy and is planning to invest $100 million to put an ethanol processing and a biomass power plant in Northern Luzon.

This was confirmed by Erwin Co, GFI project development manager, who told reporters they are going to construct a 200,000 liter per day (54 million liters a year) ethanol processing facility in Isabela and that they hope to hold groundbreaking by December of this year.

Aside from the ethanol processing plant, Co also said they plan to put in a 19-megawatt co-generation power plant in San Mariano.

He said, once operational, the ethanol facility will make available 19 MW of renewable energy about 13 MW of which they can offer to the Luzon grid. This will help ease the projected power supply problem in the area.

Co added that the integrated ethanol project will completed in two years’ time, or by 2011. “It professes the company’s intention to invest heavily in a state-of-the-art bio-ethanol facility in Isabela,” Co said.

“GFI plans to produce 54 million liters of ethanol from a total of 11,000 hectares of sugarcane. It will only use top-of-the-line material for sugarcane production to attain the optimal yield per hectare and the adoption of the best and sustainable agricultural practices.”

Wilson Uy, the biggest producer of tobacco in Regions 1 and 2, JGC Corp. and Itochu Corp. of Japan have joined forces to form the joint venture company GFI.

GFI is a member of the Ethanol Producers Association of the Philippines (EPAP), a non-profit industry association promoting use of clean fuel in support of the country’s bid for energy security, green job creation, rural development and climate change mitigation.

The organization was formed in 2007 to ensure the attainment of the targeted five percent blend for all gasoline products sold in the country.