CLSID {00024500 - 0000 - 0000 - C000 - 000000000046}: 80070005 Access denied after moving to office 365

I have a Visual Studio project in ASP.NET WebForms that reads excel files. I am using Excel 2013 on my local PC and everything is working fine. However currently I published the project into Windows Server 2012 and the server is using Microsoft Office 365. The error below has occurred.Has anybody encountered this problem before ? How to solve it?

The following error occurred while getting the component's COM class file containing CLSID {00024500 - 0000 - 0000 - C000 - 000000000046}: 80070005 Access denied. (Exception from HRESULT: 0x80070005 (E_ACCESSDENIED)).