Korea plans biodiesel boost
Korea will raise its biodiesel blend levels in 2010.
The proportion of plant and animal oil mixed with diesel will be raised to 2% from the current 1.5%.
The government will also waive the oil tax of 529 won (€0.31) per litre for diesel fuel next year due to the rise in biomass content.
Korea was the first Asian country to mix biodiesel with common diesel in July 2006. In 2007, the biomass content of diesel sold in the country stood at 0.5%. The total was raised to 1% the following year.
The proportion of plant and animal oil mixed with diesel will be raised to 2% from the current 1.5%.
The government will also waive the oil tax of 529 won (€0.31) per litre for diesel fuel next year due to the rise in biomass content.
Korea was the first Asian country to mix biodiesel with common diesel in July 2006. In 2007, the biomass content of diesel sold in the country stood at 0.5%. The total was raised to 1% the following year.
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