Sinopec Subsidiary: US Intellectual Property Rights

As it moves into international markets, Sinopec Shengli Oilfield Co was recently awarded a patent in the United States for an energy-saving oil pump.

Touted as the most advanced design worldwide, the pump can cut energy consumption by 25 to 30 percent, saving around 20,000 kWh a year.

Development of the invention received Chinese government support.

(Source: China Daily)