A NETHERLANDS-based firm is set to pour in P13.5 billion investments in the eastern coast of Zamboanga City.
Second district Representative Lilia Nuño said the Van Kessel Inc. is putting up an Ethanol processing plant in the village of Panubigan, 34 kilometers east of City Hall.
The firm is purchasing a 25-hectare land for the plant, which will be the biggest in the country, she said, adding that the product processed in the Panubigan plant will be sold to Japan and Korea.
The residents of Panubigan will benefit from the operation of the ethanol plant since the firm will employ more than 200 workers, added Nuño.
She also said that the residents of nearby villages of 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 these 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 processing the needed requirements for the construction of the ethanol processing plant in the city. (Bong Garcia)