Research and Development
- On January 4, 2007, we entered into an agreement with Northwest Agriculture and Forestry University for research and development and technical assistance for improvement of processing raw materials, including waste cooking oil, non-edible seed oil, and cooking oil residue for biodiesel production.
- On September 4, 2006, we entered into an agreement with Tsinghua University for research and development of biodiesel production processes, chemical composition of catalyst, and transfer of technical know-how to us.
- On February 20, 2006, we entered into an agreement with Xi’an Petroleum University for research and development of biodiesel production. We own the patent for any biodiesel production technology that results from this arrangement.
- On December 18, 2005, we entered into an agreement with Xi’an Petroleum University for the technology transfer of operating processes for blending finished oil products, related chemical formula, and related composition. The contract is valid for ten years.
We own three utility model patents and have submitted eight other patent applications, of which six invention patent applications have passed preliminary examination and two utility model patent applications have been accepted for review. In practice, we propose the subject matter to be researched. Pursuant to our agreements, our research and development partners perform the research and analysis and provide advanced technology services.