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Biofuels and Their Potential in South Korea

Author

Listed:
  • Gal Hochman

    (Department of Agricultural, Food, & Resource Economics, Cook Campus, Rutgers University, New Brunswick, NJ 08816, USA)

  • Chrysostomos Tabakis

    (KDI School of Public Policy and Management, Sejong-si 30149, Korea)

Abstract

We investigated the biofuel potential of South Korea and the implications of the introduction of biofuels for the Korean fuel market. We approximated the upper-bound biomass potential from forestry residues, livestock manure, and staple crops and calculated the amount of fuel that could be produced using these different biomass feedstocks. Our assessment suggests that biomass can be used to produce a significant portion of the fuel consumed annually in South Korea, with the most promising feedstock being forestry residues. Out of all the technologies considered, the production of cellulosic ethanol from forestry residues could potentially impact the fuel market the most. The key novelty of our study lies in that we considered a broad portfolio of biofuel technologies and carefully examined their potential economic and environmental implications for South Korea given its biomass availability (which we estimated).

Suggested Citation

  • Gal Hochman & Chrysostomos Tabakis, 2020. "Biofuels and Their Potential in South Korea," Sustainability, MDPI, vol. 12(17), pages 1-17, September.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:17:p:7215-:d:408400
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    References listed on IDEAS

    as
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    2. Tamás Mizik & Gábor Gyarmati, 2021. "Economic and Sustainability of Biodiesel Production—A Systematic Literature Review," Clean Technol., MDPI, vol. 3(1), pages 1-18, January.

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