Thursday, January 17, 2008 Davao-based firm sees expansion of bio-tech oil market By Joy Romares-Sevilla
A DAVAO City-based company, with the use of Korean micro biotechnology, has converted coconut oil into engine oil whose properties have a wide range of applications to reduce the dependence on fossil based oil.
Rey Mangio, managing director of the Chun Hae Food Processor in Matina Pangi, introduced the S-9 biotech lubricating motor oil for gasoline and diesel engine in Wednesday's edition of the Club 888 press forum at the Marco Polo Davao.
"Since 2005, more than 400 vehicles, both diesel and gasoline fueled, have tested the product at a blended rate of 20 percent of crankcase capacity," Mangio said.
He added that some bus and trucking companies are now in different stages of testing and using the fuel product. However, he failed to identify what are these bus and trucking companies.
"Chemical analyses show that the product reduces fuel consumption up to 45 percent, it also reduces smoke emission up to 95 percent, it has more power and it has cooler engine operating temperatures," Mangio said.
Mangio added that the product's production site is located in Matina Pangi, Davao City and that the company is able to produce 5,000 liters of motor oil in a month.
"Our target for the next five years is to increase our market base, we hope that people will share our vision and will realize the impact of this product to the community," Mangio said.
Mangio shared that appropriate use of coconut engine oil can extend the supply of fossil oil reserves; can reduce the effects of global warming through lower carbon emissions; provide a renewable source of lubricant; and protect the environment because it is readily biodegradable.
Mangio claimed the product has yet to be patented.
"We're still on the process of acquiring a patent for it and if there's someone who will try to copy it, mahihirapan sila because this is in the field of biotechnology and our scientist is based in Korea," he said.