Place your Ad Here!

San Miguel Global Power plants over 5 million trees, targets battery storage project sites for forestation

by Philippine Resources - November 07, 2022

Photo credit: San Miguel

Bolstering its climate action initiatives, San Miguel Corporation (SMC) power subsidiary San Miguel Global Power (SMGP) reported the successful planting and growing of over five million new trees and mangroves from 2019 to date, under its multi-year, nationwide forestation and carbon capture program. The company said it is also expanding the scope of the project to reforest areas around its new Battery Energy Storage System (BESS) facilities—the first and largest such network in the Philippines and Southeast Asia. 

SMC President and Chief Executive Officer Ramon S. Ang said that as of October 2022, SMCGP’s “Project 747” initiative has yielded a total of 5,010,116 upland and mangrove trees, across some 1,500 hectares of land.  

The project’s goal is to plant seven million trees on some 4,000 hectares of land, in at least seven provinces. Thus far, SMCGP has planted in eight: Albay, Bataan, Bulacan, Davao Occidental, Negros Occidental, Pangasinan, Quezon province, and Zambales. 

The list is however being expanded to cover areas where SMCGP’s battery storage facilities are installed or are being put up. These include Albay, Bohol, Cagayan, Cebu, Davao del Norte, Davao de Oro, Isabela, Laguna, Leyte, Misamis Oriental, Pampanga, Pangasinan, and Tarlac. SMCGP is building a total of 31 BESS facilities with a total capacity of 1,000 MW. 

The battery facilities, which will minimize power wastage and redirect otherwise unused capacity to remote areas, are regarded as the best and most sustainable technical solution to the country’s power quality and reliability issues. They are seen to balance and improve access to power nationwide.  

More importantly, it will make viable use of intermittent renewable sources such as solar and wind by efficiently storing the energy for electricity when the sun is not shining or the wind is not blowing.  

“Reforestation is one of the major sustainability priorities of the entire San Miguel Group. While we have had many similar efforts initiated by our various subsidiaries in the past, SMCGP has taken it to another level, planting a record 5 million trees in just under three years, with consistently high survival rates” Ang said.  

He credited SMCGP’s partner communities and people’s organizations, local government units, and employee volunteers, with the success of the initiative so far. 

He said that to ensure high survival rates for its trees--currently at around 90% for both upland and coastal projects--SMGP partners with local communities to identify and plant needed indigenous tree species. 

Community members are also engaged to take care of, and ensure the healthy growth of forests, under the program’s livelihood component.  

“With our continued partnership with communities and local stakeholders, we are confident that not only will we reach our targets, but the trees we are planting today will grow to full maturity and benefit their surrounding environment for generations to come,” Ang said. 

He added that foresting the areas around its new BESS facilities also makes sense because the facilities themselves are a major step to strengthening the entry of renewable energy capacities in the future. 

“The major challenge of renewable power everywhere in the world is intermittence. With renewables, the ability to generate power is always limited. You cannot generate solar power at nighttime, or when weather conditions block sunlight. You cannot produce wind power when there’s no wind. When there’s a drought, you also can’t produce hydropower. Battery storage is key to mitigating all these issues,” Ang said.  

“That is why we have prioritized putting up the country’s first battery facilities and first and largest battery network to date. It is key to enabling the use of more renewable capacities in the grid, and a critical part of our phased transition and expansion to cleaner and renewable power,” he added. 

Ang emphasized that SMCGP’s transition away from coal power towards cleaner Liquefied Natural Gas (LNG) power and renewable energy, is being pursued responsibly, “without compromising our developing economy’s growing need for reliable and affordable power, and while also continuing effort to bring basic electrification to the entire country.” 

 

Article courtesy of San Miguel Corp


Place your Ad Here!


Related Articles

Industry

Philippine Resources - July 31, 2022

SMC to open $500-M electric car battery plant in Dinagat

San Miguel Corp. (SMC), one of the country’s largest and most diversified conglomerates, is set to open a USD500 million electric car battery plant in Dinagat Islands province, Governor Nilo Demerey Jr. said Thursday. Demerey confirmed the company’s decision to establish the plant in Dinagat Islands after his meeting with SMC president and chief executive officer Ramon S. Ang on Wednesday. “The establishment of the electric car battery plant will commence in September this year,” Demerey said in an interview. The plant will be constructed within the company’s 25,000 mining claim in the province, he added. “This is part of our efforts to industrialize Dinagat Islands and create more job opportunities, increase the income of the province, and uplift the lives of our people,” Demerey said. He said the construction and full operation of the electric car battery plant would generate about 10,000 jobs. “The components for the manufacture of electric car batteries are already present on the island,” Demerey said. The SMC has mining interests in the towns of Cagdianao, San Jose, and Basilisa. Its mining claims are reportedly rich in minerals, such as nickel, manganese, chromite, and iron that are needed for the manufacture of the batteries. “We are now working on the necessary documents and pertinent papers for the start of the construction of the plant in September,” Demerey said. He thanked President Ferdinand Marcos Jr. for supporting the initiatives of the local officials of the Dinagat Islands for industrialization. “President Marcos is instrumental in this endeavor, especially in the setting up of this battery plant in the Dinagat Islands,” Demerey said. Other matters between the provincial government and the SMC about the construction of the plant, such as tax holidays, are still being finalized, the governor said.   Article courtesy of the Philippine News Agency

Place your Ad Here!


Recent Articles

Mining

Philippine Resources - November 27, 2022

FNI posts higher nine-month net income of P2.13 billion

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in ferronickel ore mining and processing, logistics and port operations, and cement and steel production, recorded a net income of P2.13 billion in the nine-month period that ended September compared to the P1.86 billion it posted during the same period last year. The results are driven by the Group’s flagship mining project in Surigao del Norte operated by Platinum Group Metals Corporation (PGMC). FNI's revenues on the sale of medium-grade nickel increased on the back of favorable forex rates and higher average realized price, while shipment volumes reel from inclement weather and a lower price for low-grade ore. The sale of nickel ore for the nine-month ended September 30, 2022 slides to 3.150 million wet metric tons (WMT), lower by 1.078 million WMT or 25.5%, compared to 4.228 million WMT of nickel ore in the same period last year. The Group only completed 58 nickel ore shipments against 78 shipments during the same period last year due to erratic weather conditions registering 161 rainy days to 137 last year. The resulting sales mix was 78% low-grade ore and 22% medium-grade ore in 2022 versus the previous period’s blend of 81% low-grade ore and 19% medium-grade ore. Shipments consisted of 2.450 million WMT low-grade nickel ore and 0.700 million WMT medium-grade nickel ore compared to 3.424 million WMT low-grade nickel ore and 0.804 WMT medium-grade nickel ore in the same period in 2021. The average realized nickel ore price for the period ended September 30, 2022 is USD28.89/WMT lower by USD1.89/WMT or 6.1% compared to last year’s USD30.78/WMT. Low-grade ore is USD25.49/WMT lower by USD4.30/WMT or 14.4% against last year’s USD29.79/WMT. On the other hand, medium-grade ore stands at USD40.79/WMT higher by USD5.80/WMT or 16.6% versus last year’s USD34.99/WMT. The average realized Peso over USD exchange rate for the Group’s export revenues is P54.87 compared to P49.22 in the same period last year, higher by P5.65 or 11.5%. “Overall outlook for FNI looks reassuring. With the opening of our Palawan mineral project, we expect healthier returns for our stakeholders. Although weather conditions have not been permissive, we have continued to improve our operations and pursue our expansion plans,” said FNI President Dante R. Bravo. FNI recently disclosed its 20% stake in China's Guangdong Century Tsingshan Nickel Industry Co. Ltd (GCTN) to enhance synergies between FNI with its nickel ore mines and GCTN as an ore processor and provide a steady value-adding enterprise for the Group. As a testament to its growth and core policy to strengthen systems and processes, PGMC has received ISO certifications for its Quality Management System (ISO 9001:2015), Occupational Health and Safety Management System (ISO 45001:2018), and Environmental Management System (ISO 14001:2015) as an Integrated Management System (IMS). The certification applies to all activities in the mining operations of nickeliferous laterite ore and other associated minerals from planning to ore production, hauling, loading and port operations.

Mining

Philippine Resources - November 27, 2022

DMCI Mining nets P1.2 billion in 9M

Photo Credit: dmcihouse.net DMCI Mining Corporation saw its net income decline by 17 percent from P1.41 billion to P1.17 billion during the first nine months of the year owing to lower nickel ore shipments and average nickel grade sold. “We expected a severe profit decline because of the depletion of our Berong mine late last year. Fortunately, the bullish nickel market allowed us to ship even the low-grade inventory of Berong,” said DMCI Mining president Tulsi Das C. Reyes. “Strong nickel prices and local currency weakness also moderated the impact of lower shipments on our bottom line,” he added. For the third quarter alone, net income tumbled by 56 percent from P181 million to P80 million due to the combined effect of lower shipment (-50%), flattish nickel grade sold (-1%), higher selling prices (+31%) and favorable average foreign exchange rates (+10%). Total shipments declined at a slower pace from January to September as the Berong mine did better than expected in the first half. Consequently, nickel ore shipments only fell by 25 percent from 1.45 million wet metric tons (WMT) to 1.09 million WMT. Despite a 4-percent decrease in average nickel grade sold from 1.38% to 1.33%, DMCI Mining posted a 16- percent improvement in nine-month average selling price from US$43 to US$50. Magnifying the impact of higher selling prices was a 10-percent increase in foreign exchange rates from US$ 1:Php 49 to US$ 1:Php 53. At the end of September, total inventory plummeted by 76 percent from 450,000 WMT to 109,000 WMT, mostly (81%) coming from Zambales.   Article courtesy of the Philippine Stock Exchange

Mining

Philippine Resources - November 27, 2022

E-vehicle boom opens new opportunities for PH mining

Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday.  In a media roundtable, DMCI Mining president Tulsi Das Reyes said the e-vehicle sector has provided new opportunities for the mining industry and his company is keen to take part in this development. He described that mining became a "sunset business" before the growth of the e-vehicle industry. "Prior to the EV boom, stainless steel was going nuts, and they don't have capacity already for the stainless steel market. And China is the only growth for stainless steel, all other countries in the world (are) slowing down," Reyes said. He said the growing demand for e-vehicles globally has offered a "fresh light" for the mining business. Nickel is a component for e-vehicle batteries. "Without EVs (e-vehicles), we would (have) ended so many other niche market(s). So it was a huge impact," Reyes added. In the recent foreign business missions of the Department of Trade and Industry (DTI) in the United States, South Korea and Japan, companies from these countries expressed their interest in the Philippine e-vehicle industry, including manufacturing batteries for electric cars. Part of the DTI's Make It Happen in the Philippines campaign is to attract investments for integrated mineral processing to have value-added activities in the mining industry instead of exporting minerals as raw materials. Reyes said DMCI Mining is in talks with possible foreign partners to explore opportunities for integrated mineral processing here, including Indonesian and Chinese partners, but this will require adequate infrastructure in place and support from the government. Meanwhile, DMCI Mining net income in January to September this year declined by 17 percent to PHP1.17 billion from PHP1.41 billion in the same period last year. The lower profit for the first nine months of 2022 was mainly due to decline in shipment. "Strong nickel prices and local currency weakness also moderated the impact of lower shipments on our bottom line," Reyes said.    Article courtesy of the Philippine News Agency

Place your Ad Here!

Place your Ad Here!

Join the Philippines'

Mining, Construction and Industry Community

Be the "First" to get our exclusive Digital Magazine & Newsletter.