Butuan City (10 November) -- A new aquaculture technology is seen to alleviate poverty in the provinces of Agusan del Norte and Surigao del Norte in Caraga Region.
During the 14th Board of Trustees Meeting of the Lake Mainit Development Alliance (LMDA), Engr. Joventito B. Jongko, Director of SECURA International Corporation presented a new technology which aims to propagate algae in some 100 hectares in Lake Mainit.
Jongko, who is a licensed Chemical Engineer by profession said algae has high oil content and with simple treatment or processing, "it can be a good source of alternative fuel," he said.
Jongko said, his company is on the process of finalizing the contract with the local government unit of Agusan del Norte for a possible partnership in propagating algae which is seen to address poverty not only in Agusan del Norte but as well as in Surigao del Norte ? the two provinces sharing the location of Lake Mainit which is considered as the fourth largest lake in the country.
With the possible partnership of Secura International Corporation and the province of Agusan del Norte, poverty reduction is expected to happen in this western part of Caraga Region, in support to the poverty alleviation program of President Benigno Simeon C. Aquino III. (PIA-Caraga)
From original post: PIA website