MOEA launches new regulations regarding fuel oil sale, production
By Katherine Wei ,The China PostTAIPEI, Taiwan -- The Ministry of Economic Affairs (MOEA) announced the implementation of its newly amended regulations regarding the manufacturing and marketing of gasohol, diesel and reclaimed oil yesterday.
December 4, 2013, 12:04 am TWN
The regulations were amended according to the Petroleum Administration Act, and the amendment is predicted by the MOEA to be a boost to the related fuel manufacturing industries in Taiwan and also to the future development of renewable fuel and reclaimed oil industries.
According to the MOEA's Bureau of Energy, the majority of countries around the world have the common goal of substituting traditional fossil fuel with renewable resources in the future, as fossil fuels are non-renewable and are mined to an extent that has resulted in global warming.
There are now 10 bio-fuel manufacturing firms and 16 reclaimed oil firms in Taiwan, said the MOEA. Approximately 86,000 kiloliters of B100 bio-diesel was marketed in 2012, mainly used for the blending of B2 Diesel for automobiles. Another 36,000 kiloliters of reclaimed oil was sold to be used as factory boiler fuel.
The recent amendment omitted the original requirement for manufacturers to submit marketing contracts and other relevant documents, thus speeding up the application procedure for manufacturing firms to produce and market the fuels, said the MOEA.