[photopress:MBA_East_China.jpg,full,alignright]Gulf Resources wholly-owned subsidiary, Shouguang Yuxin Chemical Industry Company, and East China University of Science and Technology have opened a Co-Op Research and Development Center.
East China University of Science and Technology (ECUST), initially named East China Institute of Chemical Technology, was founded in 1952. It was the first single-subject chemical institute in China through the joint consolidation of the chemical departments from Jiaotong University. It was also the first university in China to establish a pharmaceutical engineering department.
Numerous students have graduated with strong chemical and pharmaceutical engineering background as a result of the advanced education in this specific area offered at this university.
In the new Center Professor Ji will serve as manager. He will utilize his established background in both teaching and research for chemical applications and medicine engineering, for which he owns two patents.
According to the co-op research agreement, any research achievement or patents will be assets of Gulf Resources.
To date, the Center has already made substantial progress and currently two compounds are being tested which carry the names 3.4.5- Trimethoxybenzaldehyde and Mbromoanisole. These compounds will be utilized as raw materials by pharmaceutical manufacturers to produce various antibiotics.
Management anticipates that these two compounds will contribute approximately $10 million in revenues during the first full year of commercialization.