Report Shows Optimism for Fuel Ethanol Use in Korea

Agriculture, Business News/Analysis, Federal Agency/Executive Branch, Marketing/Market Forces and Sales, Opinions, Policy, South Korea

July 22, 2019

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by Matt Thompson (Ethanol Producer Magazine) A recently released report from the USDA Foreign Agricultural Services Global Agricultural Information Network says South Korea may soon revise its regulations to allow the use of ethanol-blended fuel. The report follows the 2019 Seoul Fuel Ethanol Conference, hosted by the U.S. Embassy Seoul’s Office of Agricultural Affairs, the U.S. Grains Council and the Korea Biofuels Forum.

“Despite acknowledged air quality issues in urban centers, Korea does not currently allow the use of ethanol as a transportation fuel,” the report says. “With growing public concern about air quality issue in the transportation sector, the growing use of ethanol in transportation fuel in neighboring countries, and Korea’s interest in diversifying energy sources, FAS Seoul is optimistic that Korea will soon move towards approval for some ethanol use in fuel.”

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South Korea imported over 56 million gallons of U.S. ethanol between September 20018 and February 2019. That ethanol is used only in the country’s beverage and industrial sectors; however, the Grains Council is also hopeful the transport sector will provide further export opportunities for U.S. ethanol.

Read FAS Seoul’s Wrap-Up Report for the 2019 Seoul Fuel Ethanol Conference here. READ MORE

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