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is lower than the feedstock costs of sugar cane, cassava,
corn and molasses per liter of bioethanol. The crop also promises
substantial returns to farmers considering that it is of short
duration, hardy, adapted to extreme weather conditions and
requires minimal inputs like fertilizers and irrigation.
Rural
households can also produce other products from sweet sorghum
such as cane syrup, vinegar, basi or wine, jaggery, feed for
livestock and even electricity from co-generation. In llocos,
the necessary infrastructure already exists which would allow
farmers to produce these other value-added products.
The
research team’s financial analysis for establishing
a 40-kiloliters/day capacity sweet sorghum bioethanol plant
estimated the net present value (NPV) and the internal rate
of return (IRR) to be P66.6 million and 21% respectively with
a payback period of 9 years.
A
related study conducted by Dr. Heraldo L. Layaoen of MMSU
mentioned that sweet sorghum can produce 43-65 MT of stalks
and 3.28-4.4 MT of grains per hectare. The farmers can sell
the stalks for at least P550/MT, the grain for P8/kg and get
a return of P61,000-72,000/ha per year with two cropping cycles.
This
is higher than the returns from traditional crops such as
corn and tobacco.
The
research team stressed that the country stands to benefit
from additional jobs, foreign exchange savings and cleaner
environment. Sweet sorghum promises to provide a cheap and
reliable source of bioethanol and should be promoted aggressively
by the government if it wants its biofuels program to succeed.
Ethanol-blended
gasoline has been shown to improve mileage with lower toxic
emissions and can be sold at a lower price compared to unleaded
gasoline. It will require 20 bioethanol plants to meet the
ethanol-10 (E10) blend required under the Biofuel Law (RA
9367) that mandates a 22% decrease in dependence on fuel oil
by 2010. (R. M. Fabro, S&T Media Service)
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