Tan Jr. charts “sustainable” future of LT Group
Lucio K. Tan Jr. gave a glimpse of the sustainable future that the companies under the Lucio Tan (LT) Group will undertake and emphasized the need to develop clean and renewable energy projects during the company's recent year-end gathering.
In his customary year-end message, Tan Jr. encouraged his company executives to develop an ability to “go on offensive business mode” to adopt to a changing world advocating technologies that are environmentally-responsible and help ease the impacts of climate change.
“Our thrust is to participate and develop clean and renewable energy projects for our sustainability...reduce our carbon footprint to underscore our commitment to help mitigate the effects of climate change. I believe this is incumbent upon us as a responsible corporate entity, where we can invest in technologies that will unravel economic opportunities for the group and our employees,” said the president and COO of Tanduay Distillers.
The younger Tan revealed the revival of Asian Alcohol Corp. next year. It can be recalled that the operation of the Bacolod-based facility was temporarily suspended eight years ago.
“Kapitan (Lucio Tan Sr.) made a strategic move to take one step backward in the hope of moving forward, a strategy that teaches us how to realize our future by our sacrifices of today. Next year, Asian Alcohol will begin its biofuel production. Like Absolut Distillers, it will blaze new paths and return to its old glory,” he divulged.
Located in a 10-hectare plant, Asian Alcohol Corp. was the second largest distillery in the Philippines. The plant houses alcohol aging and wastewater treatment facilities, which converts distillery waste into biogas energy for its power requirements. It used to have a daily rated capacity of 210, 000 liters of quality ethyl alcohol.
With this development, Tan Jr. said, Asian Alcohol Corp. is expected to be patterned after the success of Absolut Distillers Inc. in Batangas, which has made more than Php880M from its bioethanol operations since 2015.
Lucio K. Tan Jr., encouraged his company executives to develop an ability to “go on offensive business mode” to adopt to a changing world advocating technologies that are environmentally-responsible and help ease the impacts of climate change.