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On August 3rd, Cao Cao Mobility and Xiangzhou District of Zhuhai City officially signed a strategic cooperation agreement to jointly promote the implementation of the "integrated air-ground-space" smart mobility demonstration project in Zhuhai. Cao Cao Mobilitys first batch of autonomous driving test vehicles will soon enter designated sections of Xiangzhou District for on-site verification, and the autonomous driving fleet will be expanded in an orderly manner subsequently. Simultaneously, a smart operation and maintenance hub, the "Green Smart Access Island," integrating automatic battery swapping, intelligent quality inspection, and remote dispatching, is planned and constructed, with reserved space for the take-off and landing of low-altitude aircraft.August 3 - The UKs Office for Maritime Trade Operations (OMTO) reported on the evening of August 2 that an oil tanker reported hearing an explosion approximately 20 nautical miles northeast of Saeb in the Sea of Oman. The vessel and crew are currently safe. The report indicated that the incident occurred near the eastern entrance to the Strait of Hormuz. OMT received the report from the tankers captain at 20:37 UTC on August 2 (4:37 Beijing time on August 3). The captain stated that the explosion occurred relatively close to the vessel. The report stated that relevant authorities are investigating the incident. OMT advised passing vessels to exercise caution.As of 8:30 AM Beijing time, spot platinum was down 0.14% and spot palladium was down 0.05%.Trump halted new strikes against Iran, saying a deal was "close to being reached," causing a sharp drop in international oil prices. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.Japans final manufacturing PMI for July was 54.5, below the expected 54.7 and the previous reading of 54.7.

U.S. EPA Shortly to Announce Judgment on Small Refinery Biofuel Waivers

Charlie Brooks

Apr 07, 2022 09:40

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The EPA has accumulated a backlog of more than 60 requests for so-called Small Refinery Exemptions, which are sought by refineries that argue the cost of blending biofuels such as ethanol into their fuel could drive them out of business, following a 2020 court decision that narrowed the criteria for qualifying for the relief.


The EPA proposed in December to reject 65 outstanding SRE applications. According to the EPA's website, the agency currently has 69 outstanding SRE petitions.


According to the sources, the EPA is on the verge of announcing a decision on some or all of the outstanding SREs as soon as Thursday. It was unknown if the agency's conclusion would be consistent with the December suggestion.


The agency did not respond to a request for comment.


The EPA under former President Donald Trump significantly boosted such exemptions to refiners, infuriating biofuel producers who said the administration was misusing the program to benefit its oil business cronies at the cost of farmers. The EPA under Trump's administration refuted the assertion.


Oil refineries must either mix billions of gallons of corn-based ethanol and other fuels into the fuel pool or acquire credits from those that do. The initiative aims to assist farmers while also reducing fuel imports.

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