An RFS for South Korea?

The nation’s hopes for the future aren’t just about the North
By Luke Geiver | January 12, 2011

South Korea and the U.S. have more in common than that difficult relationship each shares with the Asian country’s neighbor to the north. It turns out South Korea hopes to implement a renewable fuel standard, making petroleum and biofuels mixtures a must. The Ministry of Knowledge Economy and the Korea Institute of Petroleum Management first considered an RFS several years ago, and now it appears that a plan to start a nationwide mandate in 2013 may come a year early, taking effect in 2012. The hope is to raise biodiesel content in domestic diesel to 3 percent from the current 0.5 percent, according to W.H. Leong, vice president of Carotech Inc., a Malaysian-based biodiesel producer. South Korea has been a very small market for palm biodiesel, Leong says, and although there are rumblings from unnamed sources inside the ministry that have indicated its desire to start an RFS a year early, “it will still take a while,” Leong says. Discussions on the mandate began in 2007.

 
 
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