Businessman Lucio Tan Jr. said the Lucio Tan Group will focus on developing clean and renewable energy projects in the future.
Tan, the son and namesake of tobacco and airline tycoon Lucio Tan, encouraged his company executives in his customary year-end message to develop an ability to “go on offensive business mode” to adopt to a changing world advocating technologies that are environmentally-responsible and help ease the impacts of climate change.
“Our thrust is to participate and develop clean and renewable energy projects for our sustainability… reduce our carbon footprint to underscore our commitment to help mitigate the effects of climate change,” said Tan, president and chief executive officer of Tanduay Distillers Inc.
The younger Tan announced plans to revive Asian Alcohol Corp., based in Bacolod next year, which was temporarily suspended eight years ago.
“Kapitan (Lucio Tan Sr.) made a strategic move to take one step backward in the hope of moving forward, a strategy that teaches us how to realize our future by our sacrifices of today. Next year, Asian Alcohol will begin its biofuel production. Like Absolut Distillers, it will blaze new paths and return to its old glory,” he said.