Green Future Innovations (GFII) will build a PHP6bn ($140m) bioethanol plant in Isabela, the Philippines.
The project will generate 54 million litres of bio-ethanol and produce 19MW of energy every year.
The plant will grow sugarcane in 110km² of idle and underdeveloped land for use as feedstock.
Of the total cultivated land, 90km² will be contract grown and 20km² will be looked after by the GFII's corporate farm.
The plant is expected to be operational by the second quarter of 2012.