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Futures news on January 16, in this cycle, the spread between PX and naphtha increased, and the spread between PX and MX continued to decline. Due to the load reduction of the PX plant and the strong support of the aromatics market during the week, the buying atmosphere in the PX market dominated this week, the bullish atmosphere in the market was strong, and PXN rose significantly.TSMC Chairman Wei Zhejia: TSMC will not participate in the inauguration ceremony of US President-elect Trump.Singapores fuel oil inventories for the week ending January 15 will be released in ten minutes.On January 16, China Electronics Chip announced that it expects to achieve a net profit attributable to shareholders of listed companies of approximately RMB 55 million to RMB 73 million in 2024, which will be a decrease of approximately RMB 161 million to RMB 179 million compared with the same period last year, a year-on-year decrease of approximately 68.81% to 76.50%.Q Technology (01478.HK) rose 10%. The company expects its net profit to grow by as much as 280% last year.

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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