South Korea to implement B2.5 in August

December 22, 2014 |

In South Korea, the government has decided to boost the biodiesel blend to 2.5% in August from 2% currently. Plans are for the mandate to rise to 3% by 2018. The Korea Petroleum Association is complaining that complying with the mandate has cost $77.5 million in 2014, will cost $91.2 million in 2015 and $118.7 million in 2018. Most of the biodiesel produced in the country comes from imported palm oil. Production reached 420,000 metric tons last year, just shy of a third of total demand.

 

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Category: Policy

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