March 7, 2019 / 2:55 AM / 3 months ago

S.Korea to allow biofuel oil for power generation from March 15

SEOUL, March 7 (Reuters) -

* South Korean utilities will be allowed to use biofuel oil for power generation as part of the government’s efforts to reduce emissions and encourage the usage of cleaner energy sources, an energy ministry official said on Thursday

* The country’s energy ministry revised a petroleum business law last year to allow power utilities to use biofuel oil as an alternative fuel source to generate electricity

* The revised law came into force from Jan. 1, 2019, but the process of verifying quality of biofuel oil took longer. The usage of this oil for power will be effective from March 15, the ministry official said

* The use of biofuel oil will be at the discretion of utilities, the official added

* South Korea mainly supplies electricity with coal and nuclear power, and fuel oil power makes up only a small portion of the country’s electricity needs (Reporting By Jane Chung, Editing by Sherry Jacob-Phillips)

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