Taiwan Energy Bureau Chief , Yeh Huey-ching, announced the enactment of a “B1” mandate (a law requiring a 1% biodiesel blend on all diesel sold in the country), to be implemented in July 2008. The new law is expected to save Taiwan about 38.5 million liters of imported diesel and reduce its carbon emissions by 126,000 tons. Part of the biodiesel feedstock will come from waste cooking oil, which will be collected from households and restaurants in the country. The Chinese Petroleum Corporation (a state-run company) and Formosa Petroleum Corporation is reported to absorb the higher cost of biodiesel..