France’s Ofi Invest Group and the Philippine National Oil Co. (PNOC) have forged a new cooperation framework to accelerate biomethane development and circular-economy solutions in the Philippines, signaling fresh momentum for the country’s energy transition.
The two organizations recently signed a Memorandum of Understanding (MoU) that positions biomethane and circular-economy technologies as strategic pillars of long-term sustainability and energy security. The agreement was facilitated by the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), underscoring government efforts to crowd in private capital for priority green projects.
Ofi Invest, France’s fourth-largest asset management group with more than EUR200 billion in assets under management, brings deep global expertise in infrastructure, energy transition, and sustainable finance. PNOC, a government-owned and controlled corporation, anchors the partnership on the Philippine side, aligning national energy objectives with international best practices.
Under the MoU, PNOC and Ofi Invest—together with Ofi subsidiary Syncicap Asset Management and local partner Grow Capital Partners—will undertake technical and commercial studies, conduct feedstock assessments, and roll out structured knowledge exchanges. These initiatives will draw on proven models from mature European biomethane markets, with the aim of adapting them to Philippine conditions.
The framework also opens the door for selected qualified Philippine investors to participate in Ofi Invest’s private equity platforms. Plans include establishing a local holding company designed to mobilize up to USD850 million for renewable molecules, waste-to-energy, and broader circular-economy investments.
“This MoU marks a critical step toward expanding investments in sustainable energy and circular-economy solutions—initiatives that will help drive long-term economic growth for the Philippines,” said Finance Secretary Frederick D. Go. The partnership reflects rising investor confidence in the Philippines’ green transition pipeline nationwide projects.
