AreaRepublic of Korea
Commodity GroupBiofuels
CommodityBiodiesel
Date01/07/2021
Policy CategoryRenewable energy
Policy InstrumentBioenergy policies
DescriptionRaised the mandatory blending rate for biodiesel in transport fuel from the current 3 percent to 3.5 percent, effective 1 July 2021. The rate was set to increase by a further 0.5 percentage points every 3 years, until it reaches 5 percent in 2030.
NotesREPUBLIC OF KOREA biofuel policy: The Government decided to raise the mandatory blending rate for biodiesel in transport fuel from the current 3 percent to 3.5 percent, effective 1 July 2021. The rate is set to increase by a further 0.5 percentage points every three years, until it reaches 5 percent in 2030. Local biodiesel uptake is expected to expand accordingly and, with it, the countrys imports of palm oil, the primary feedstock for domestic biodiesel production. On a separate note, South Koreas Agency for Defense Development acquired technologies for the production of palm oil-based aviation fuel to be used as alternative fuel source in military and civilian aircraft.
