University secures research deal with China's Sinochem

The agreement with Sinochem builds on the long-standing relationship with the university's colour science and chemistry departments and will be developed to include other strategic areas.

Professor Richard Williams, a pro vice chancellor, said: "This agreement shows our serious intent to develop a platform for research and innovation between the two organisations.

"Many of Sinochem's core business interests align with Leeds world leading research capabilities in chemicals processing, petroleum engineering, agriculture, low carbon process technologies and energy, and the company is keen to explore further opportunities in Yorkshire and the UK.

"The University of Leeds also has the longest record of teaching Asian language and business in the UK and this was another factor behind Sinochem's desire to prioritise this key relationship."

Deputy President Li, of Sinochem, said: "We treasure this long-term cooperation with University of Leeds which has the potential for significant co-operation across a number of fields.

"Leeds is a world renowned university and with increased joint working we believe greater value can be realised for both parties."

The company is China's first multinational and turns over 30bn a year. Along with its oil trading, refining, marketing and logistics businesses, Sinochem started making its first overseas oil and gas investments in 2002, completing several major overseas acquisitions in the energy sector, primarily in Latin America, Africa and the Middle East.

The company recently acquired London-based Emerald Energy.

Sinochem also has major interests in chemical manufacture and supply logistics, petroleum engineering and supply, agricultural products and seeds, as well as in corporate finance and capital, leisure and real estate.

Long Lin, professor of colour science at Leeds, said: "We share key R&D interests with Sinochem in the areas of colorants and fine chemicals for a host of applications, ranging from cancer treatment, through to textile dyeing to cosmetics.

"As such, we already have a strong foundation upon which a broader collaboration can be built."