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On August 29, during a visit to Kyrgyzstan on August 28 by a delegation of Chinese entrepreneurs organized by the China Council for the Promotion of International Trade (CCPIT), the China-Kyrgyzstan Business and Investment Forum was held in Bishkek, the capital of Kyrgyzstan. Ren Hongbin, Chairman of the CCPIT, stated that the CCPITs organization of this visit, involving over 100 entrepreneurs and the holding of the forum, aims to implement the important consensus reached by the two heads of state and promote more practical results in cooperation between Chinese and Kyrgyz enterprises. The CCPIT is willing to actively play its role as a bridge and link, organizing more targeted trade promotion activities to support enterprises from both sides in creating new growth points in service trade, digital trade, and cross-border e-commerce, and expanding new spaces for trade cooperation; to make good use of the China International Supply Chain Promotion Expo platform, inviting more Kyrgyz enterprises and institutions to participate, continuously strengthening precise matching of production and supply chains, and stimulating new momentum for supply chain cooperation; and to deepen cooperation with Kyrgyz counterparts within the framework of mechanisms such as the China-Central Asia Business Council, amplifying the functions of multilateral and bilateral business cooperation mechanisms, and contributing to the high-quality joint construction of the Belt and Road Initiative.August 29th - After a night of intense gun battles, Niamey, the capital of Niger, briefly returned to calm around 7:00 AM local time on August 29th. However, gunfire resumed after 9:00 AM, escalating the security situation in the capital and plunging local residents into panic. The armed standoff in Niamey continues, and the situation in the capital remains uncontrolled. Since the early hours of August 29th, continuous gunfire and explosions have been reported in multiple areas of Niamey.According to an AFP report citing a Nigerien security source, the Republican Guard clashed with rebels near the Palace of the Republic, and the conflict is ongoing.August 29th - According to the Tianjin Gas Storage Branch of Dagang Oilfield, as of now, the cumulative gas injection volume of the Dagang Oilfield gas storage group in this injection cycle has exceeded 2 billion cubic meters, completing 90% of the overall gas injection plan, an increase of 8% compared to the same period last year. The gas injection volume of this cycle has once again broken the historical record, providing sufficient "confidence" for the winter natural gas supply in the Beijing-Tianjin-Hebei region.August 29th - According to local Nigerien media reports, attacks occurred in Niamey Airport, the city center, and other areas in the early hours of August 29th. The Chinese Embassy in Niger once again reminds Chinese citizens and overseas Chinese in Niger to closely monitor the security situation, raise their vigilance, strengthen security awareness, enhance security measures, prepare emergency reserves, reduce unnecessary outings, avoid prolonged stays in public places, avoid nighttime travel and solo activities, and stay away from dangerous and sensitive areas. Chinese-funded enterprises should effectively strengthen security measures, prepare emergency plans, conduct work only under the premise of ensuring safety, resolutely eliminate high-risk outdoor operations, and ensure the personal safety of employees and the safety of company property.

Biden Reintroduces His Campaign for a Sustainable Aviation Fuel Tax Credit

Charlie Brooks

Apr 13, 2022 09:29

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"We brought together government agencies, aircraft manufacturers, airlines, fuel suppliers, and airports," Biden said at an Iowa event, saying that the effort will result in "advanced, cleaner, and more sustainable aviation fuels for America."


George Novak, President and CEO of the National Air Carrier Association, commended Biden for "recognizing the essential role that sustainable aviation fuel will play in further decreasing the airline industry's carbon impact."


Airlines are under pressure from environmental organizations to reduce their carbon footprints and have committed to using more environmentally friendly aircraft fuel (SAF).


Biden mentioned American Airlines' (NASDAQ:AAL) and United Airlines' support for sustainable aviation fuel on Tuesday, stating that biofuels were critical for aviation's decarbonization.


"That is the path we will take," Biden said.


The attempt to expedite carbon reductions in aviation is part of Biden's goal of achieving net carbon neutrality in the United States by 2050.


It comes as the US and Europe seek to increase production of SAF, which is currently produced in trace amounts from feedstocks such as discarded oil and may cost up to five times as much as normal jet fuel.


In September, the White House announced that three US government agencies would launch a challenge to supply at least 3 billion gallons of SAF per year by 2030 and sufficient SAF by 2050 "to meet 100 percent of aviation fuel demand, which is currently estimated to be around 35 billion gallons per year."


Airlines for America, a trade association that represents American, United, and other airlines, lauded Biden's request for a blender's tax credit and the $3 billion target that has bipartisan support in Congress. The association said that the credit "would contribute in the development of the embryonic market for SAF by providing a financial incentive for fuel producers to incorporate more SAF into the gasoline supply at a price that would encourage airlines to adopt it."