HD Hyundai Oilbank Expands Biofuel Portfolio

The Korea Times reports that HD Hyundai Oilbank’s biofuels business is achieving important milestones to meet increasingly sophisticated market demand.

The refinery said it completed Korea’s first biodiesel plant using supercritical fluid technology in April and is now in commercial operation. The plant reportedly aims to produce 130,000 tonnes of biodiesel per year.

The company blends biodiesel into diesel products for sale to the domestic market to comply with South Korea’s renewable fuel blending obligation. This year’s regulations call for a blending ratio of 4 per cent, an increase of 0.5 percentage points from last year.

HD Hyundai Oilbank said it is also looking at plans to build a dedicated SAF production facility using hydrogenated vegetable oil in 2027.