Taiwan Fructose Co. Ltd. (Philippines), the local subsidiary of Taiwanese sweetener manufacturer Taiwan Fructose, has signed an agreement with First Gen Corporation to power its Batangas production and logistics facility using renewable energy.
Under the deal, signed on August 27, First Gen will supply electricity from the Bacon-Manito (Bac-Man) geothermal complex in the Bicol region. The Bac-Man facility is owned and operated by First Gen subsidiary Energy Development Corporation, the world’s largest vertically integrated geothermal company.
The Taiwan Fructose plant produces glucose and fructose syrups and other sweeteners for use in food, beverages, and health supplements for export markets. “Geothermal energy is a renewable energy source that can run at baseload capacity, which is ideal for industries requiring stable 24/7 power with a lower carbon footprint. We are pleased to support Taiwan Fructose in its journey towards sustainability and decarbonization,” said Carlo Vega, First Gen Chief Customer Engagement Officer.
First Gen operates 28 renewable energy plants across the Philippines, with a combined capacity exceeding 1,600 MW, utilizing geothermal, wind, solar, and hydro resources. The company also holds stakes in four gas-fired power plants in Batangas with a total capacity of 2,017 MW in partnership with Prime Infrastructure Capital. First Gen said its diversified renewable and low-carbon portfolio supports the country’s energy security and decarbonization efforts.
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