Bio-diesel to make commercial debut

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2006-03-03 13:48

Seoul--(뉴스와이어)--Korean drivers will be able to fuel their cars with bio-diesel, made partly from vegetable oil, as five major oil refineries voluntarily agreed to sell bio-diesel at gas stations across the country starting from July 2006.

The oil refineries, including SK Corporation and GS Caltex, signed an agreement with the Ministry of Commerce, Industry and Energy (MOCIE) on March 3 to make bio-diesel available to consumers at gas stations for two years.

BD5 is the form of bio-diesel which will be on sale this summer. It is a combination of 5% vegetable oil with 95% diesel. The increased use of clean energy alternatives will help lower carbon dioxide emissions as well as reduce toxic pollutants like sulfur dioxide and benzene. By 2011, the government hopes such environment-friendly energy sources will make up 5% of the nation’s entire energy needs.

The Ministry expects that annual demand for bio-diesel will reach 90,000 kilo liters for the two years covered in the agreement. Bio-diesel is likely to win over consumers with its relatively low price and wider availability at the gas stations. With tax incentives for clean fuels, BD5 will be 7.5 Korean won cheaper a liter than diesel. In addition, the fuel can be directly used in petroleum diesel engines.

웹사이트: http://www.mocie.go.kr

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