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Manila Bulletin devider Business devider Trade & Industry devider SEAOIL seeks BOI registration, opens P822-M Zamboanga depot

SEAOIL seeks BOI registration, opens P822-M Zamboanga depot

Published Mar 26, 2024 08:07 am

At A Glance

  • The new terminal storage and berthing facility is a notable investment for SEAOIL costing ₱822 million, with a maximum storage capacity of 30.5 million liters of fuel—the biggest in Zamboanga del Sur. It is strategically located along with three other terminals in the Mindanao region–Santa Cruz, General Santos, and Irasan. All are equipped to receive direct fuel importations. 

SEAOIL Philippines Inc., the leading independent fuel provider in the country, is seeking registration with the Board of Investments (BOI) as renewable energy (RE) developer and manufacturer of coconut methyl ester in Zamboanga del Sur. 

A notice published by the BOI stated that SEAOIL has applied for registration to be able to avail of incentives provided under the Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008. 

BOI said that SEAOIL will be using biomass resources for its renewable energy project. It also seeks to become a manufacturer of coconut methyl ester.

SEAOIL’s project is located in Barangay Lower Irasan, President Manuel A. Roxas, Zamboanga del Norte.   
 

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 13TH SEAOIL DEPOT -- SEAOIL recently opened its Zamboanga Bulk Terminal, located at the ZAMBOECOZONE Authority and Freeport in Brgy. Talisayan, Zamboanga City. This is SEAOIL’s 13th depot nationwide, which will specifically serve the fuel requirements of SEAOIL customers in Zamboanga del Sur and the nearby islands of Tawi-Tawi, Jolo, and Sulu.

In a company statement, it announced that it has opened the SEAOIL Zamboanga Bulk Terminal located at the ZAMBOECOZONE Authority and Freeport in Brgy. Talisayan, Zamboanga City. 

The new terminal storage and berthing facility is a notable investment for SEAOIL costing ₱822 million, with a maximum storage capacity of 30.5 million liters of fuel—the biggest in Zamboanga del Sur. It is strategically located along with three other terminals in the Mindanao region–Santa Cruz, General Santos, and Irasan. All are equipped to receive direct fuel importations. 

The SEAOIL Zamboanga Bulk Terminal is SEAOIL’s 13th depot, which brings the company’s total fuel capacity to over 440 million liters. SEAOIL owns the biggest network of import-capable terminals nationwide.  

The terminal will specifically serve the fuel requirements of SEAOIL customers in Zamboanga del Sur and the nearby islands of Tawi-Tawi, Jolo, and Sulu. 

The depot provides various opportunities for the local communities surrounding it. Like in all of its depots, SEAOIL will have its fuel and lubricant products more readily available to consumers, and commercial and industrial clients. Prior to the depot’s opening, fuel supply for Zamboanga del Sur and nearby islands was sourced from the company’s terminal in Irasan.

With the economic boost to the community, SEAOIL also eyes starting more CSR projects in the area. These include bringing the SEAOIL Foundation’s Tugon sa Gutom program and potentially providing partners with free on-the-job training on tanker safety and marine environmental protection. 

Alongside the opening of the depot, more benefits will be available for consumers. PriceLOCQ, SEAOIL’s mobility and fuel savings app, will be accepted in more stations in Zamboanga City. The SEAOIL VIP Program, the company’s loyalty rewards program, will also be honored in these stations. 

As a top taxpayer in the areas where its depots are present, SEAOIL looks to bring better revenues and raise the collection of regional districts in Zamboanga City. The terminal is located on the property of the Zamboanga City Special Economic Zone Authority and Freeport. With the new terminal, SEAOIL aims to reach its captive market in the Zamboanga region and serve more consumers and commercial industries including those in Tawi-Tawi, Jolo, and Sulu. 

“As we continue to expand our retail and depot footprint across the country, we strive to make sure that we reach customers in as many areas as possible. Our locations are strategic in the sense that consumers and businesses can easily avail of our products and services, and experience the Alagang SEAOIL that we are proud of,” said Stephen Yu, SEAOIL’s President for Commercial Business and Chief Operations Officer, in a statement.

 

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