Manilastandardtoday.com reported 3 Korean companies investing $649m in bio-diesel, coco projects.
The Philippines and South Korea have forged a $600-million five-year cooperative agreement to promote and develop bio-diesel projects in the Philippines.
The agreement was part of President Arroyo’s official visit to Korea on May 30 to 31, said Agriculture Secretary Arthur Yap.
He said two Korean companies, Environment Plasma Co. Ltd. and Eco Solutions Co. Ltd. will develop lands for bio-fuels feedstock.
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