PNOC, French fund team up to promote biomethane

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December 15, 2025 | 12:00am

MANILA, Philippines — The Philippine National Oil Co. (PNOC) and Ofi Invest Group of France have teamed up to promote biomethane and circular economy technologies in the Philippines.

A memorandum of understanding (MOU) was recently signed by PNOC and Ofi Invest for the cooperation focused on promoting biomethane and circular-economy technologies.

The MOU signing was made possible

through the support of the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).

The cooperation is expected to support the country’s energy transition agenda.

As the fourth-largest asset management group in France with over 200 billion euros in assets under management, Ofi Invest is bringing global expertise to the partnership.

Under the MOU, PNOC and Ofi Invest, along with Ofi’s subsidiary Syncicap Asset Management and its local partner Grow Capital Partners, will conduct technical studies and perform feedstock assessments.

The parties will also engage in knowledge-exchange initiatives.