South Korea to spend on seaweed forests for biomass

South Korea will spend €208 million over the next ten years to create new seaweed forests that can help increase the country's ability to produce biomass energy.

The plan calls for 35,000 hectares of seaweed forest to be created in waters in the east and south coasts and near Jeju Island that can produce up to 1.56 billion litres of ethanol per year by 2020.

The total is equivalent to 13.7% of the country's predicted petrol supply in the cited year, which could reach 11.4 billion litres.