ARMM approves company expansion for biomass
The Autonomous Region in Muslim Mindanao (ARMM) Regional Board of Investments says it has approved a P24 million (€405,000) investment into expanding cassava starch producer Matling Industrial and Commercial Corporation.
The company is to expand its operations by building biomass power plants around the country and has also received investment from surrounding regions such as Malaysia and Brunei.
In 2007 ARMM also approved a corn starch factory from Lamsan to be built in Sultan Kudarat in the Philippines, which powers a nearby biomass facility.
More recently the Board helped the Philippine Trade Center, another corn starch provider, build a P88 million biomass power plant.