THE operations of Roxol Bioenergy Corp., the bioethanol unit of listed sugar group Roxas Holdings  Inc. (RHI), is now in full swing after government announced the guidelines for the much-awaited pricing mechanism for ethanol will be signed soon.

“We were informed that the guidelines shall involve a reference price for locally produced fuel ethanol based on the National Biofuel Board’s published prices of feedstock as monitored by the Sugar Regulatory Administration,” RHI chairman Pedro Roxas said in a statement on Wednesday.

“We may begin to see an income stream from this platform in the coming months,” he added. “This is why it is important to have the economies of scale. RHI has been investing in this platform over the last couple of years to reach that scale and allow us to move to the next level,” he explained.