China Integrated Energy wins China award for biodiesel R&D
In China, China Integrated Energy, a non-state-owned integrated energy company announced that the Company has been recognized as a top provincial High-Tech Research and Development Enterprise by the Shaanxi Provincial Government. As a result of this recognition, the Company’s business in Shaanxi Province will have its corporate income tax exemption extended through the end of year 2011. In Shaanxi Province, only 33 companies are awarded this prestigious designation, which includes tax benefits and other support to help accelerate research and commercialization initiatives.
China Integrated earned this award as a result of its continuous biodiesel research and development efforts. This designation will enable the Company to receive monetary incentives from the government to encourage research and development on biodiesel as one of the renewable energy sources.
The support includes but is not limited to establishment of research facilities, enhancement of technical research capabilities, and recruitment and training of researchers. Additionally, the Company has been awarded three patents from the State Intellectual Property Office of China (SIPO) related to the use of multiple feedstock interchangeably in biodiesel production.
China Integrated Energy has submitted eight additional patent applications, which cover several different aspects of biodiesel production techniques and equipment utilized. Six have passed the preliminary examination and the other two have been accepted for review.
Category: Fuels
