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BP Finances Research Center in China
A clean energy research center, funded by oil giant British Petroleum Co. (BP), will be set up in this port city in northeast China, according to an agreement reached between BP and the Chinese Academy of Sciences (CAS).

The center, to be located at the Dalian Institute of Physics and Chemistry under CAS, will devote itself to conducting strategic research on development of clean energy and to resolving related key technological issues, sources said.

The agreement, involving US$10 million, is the biggest of its kind ever reached by CAS and a foreign company.

The research will involve long-term programs such as exploitation of natural gas and fuel-use hydrogen.

The Dalian institute was selected to undertake the research for its outstanding work in the field. It will be aided by Beijing's Qinghua University and other departments of CAS, according to the sources.

(China Daily November 26, 2001)

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