Bio-Heavy Oil
Business > Bio-Heavy Oil
Bio-heavy oil is a liquid biofuel capable of replacing bunker C oil, a petroleum fuel.
It has the advantage of reducing the cost of the desulfurization process and using existing facilities to replace heavy oil that relies on imports.
SK EcoPrime supplied bio-heavy oil to a power generation plant/company in March 2014 for the first time, and is steadily gaining ground as the nation’s largest bio-energy producer.
This is a mandatory system requiring power producers with power generation facilities larger than a certain size (500MW) to supply more than a certain ratio of their power from renewable sources, and the bio-heavy oil market is expected to expand along with the increase in RPS mandatory supply.
| Year | 2021 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Mandatory ratio (%) | 2.0 | 2.5 | 3.0 | 3.0 | 3.5 | 4.0 | 5.0 | 6.0 | 7.0 | 8.0 | 9.0 | 10.0 | 10.0 |
- No discharge of sulfur oxide
- Reduction of nitrogen oxide by 39%, fine dust by 28%, and greenhouse gases by 85% compared to conventional bunker C oil