Asia/Pacific News
Korean Firms Take up Biofuel Challenge
Monday August 24, 2020
A plan to increase the take up of bio heavy oil which is produced from animal and plant oil and the residues from bio diesel production has been agreed by a group of South Korean companies.
Hyundai Merchant Marine (HMM), the Korea Bio Energy Association, Hyundai Heavy Industries, Korea Shipbuilding & Offshore Engineering and the Korean Register of Shipping have signed a memorandum of understanding to promote the fuel, according to Korea news provide Korea Bizwire.
Under the agreement, HMM will look into establishing bio heavy oil quality standards and a fuel supply system.
The company said it plans to test the use of bio heavy oil-mixed fuel on one of its boxships currently in operation.
