Battle over South Korean biodiesel blend pitches industry vs. oil

In South Korea, the oil industry is pushing the government to keep the biodiesel blend at 2% next year rather than raising it to 3% as planned, saying that a higher blend would raise production costs that then have to be levied onto the consumer. The increased blending mandate has already been delayed, which the national biodiesel industry says has damaged local producers. Oil refiners are suffering from a strong won that has reduced exports and weakened margins.