C00057-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON | 7,142,857,990 |
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Subject of the Disclosure |
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Higher Biodiesel Blend - A win for the planet, consumers, and the industry |
Background/Description of the Disclosure |
January 4, 2024 - With the publication of the Department of Energy (DOE)’s draft circular which lays down the guidelines on the biofuel blend implementation, the increase in the country's biodiesel or Coco Methyl Ester (CME) blend is finally likely to happen this year after more than a decade of delayed implementation. The said circular mandates an increase in biodiesel blend from two percent (2%, B2) to three percent (3%, B3) effective July 01, 2024, four percent (4%, B4) effective July 01, 2025, and five percent (5%, B5) effective July 01, 2026. |
Other Relevant Information |
Please see attached file. |
Name | Kristine Ann Catindig-Ong |
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Designation | Corporate Legal Counsel/Corp. Information Officer |