ZAMBOANGA CITY, March 31 (PNA) -– A company based in the Netherlands is set to pour in a P13.5-billion investment in this city, an official announced Tuesday.
Second district Rep. Lilia Nuño said the Van Kessel, Inc. is putting up an ethanol processing plant in Barangay Panubigan, 34 kilometers east of City Hall.
She said the firm is purchasing a 25-hectare land where to build the plant in Barangay Panubigan. Once in place, the plant will be the biggest in the country.
Nuño said the product processed in the Panubigan plant will be sold to Japan and Korea.
According to the lawmaker, the residents of Panubigan will benefit from the operation of the ethanol plant since the firm will employ more than 200 workers.
She said the residents of Barangays Limaong, Tumitus, Buenavista, and Curuan aside from Panubigan will also benefit from the project since the crops needed to produce ethanol will be grown in their areas.
Among the crops needed to process and produce ethanol are nipa, sweet potatoes, cassava, sweet sorghum, and coconuts.
Nuño said the company has started to process the needed requirements for the construction of the ethanol processing plant.
She said that the city government will also benefit in terms of taxes once the plant is in place. (PNA)