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China Chemical Industry's "Eleventh Five-year Plan" focuses on patents
Ren Jianxin, the General Manager of China National Chemical Corporation (Sinochem), recently announced at the Group Technology Work Conference that by the end of the "Eleventh Five-Year Plan" period, the company aimed to secure over 500 proprietary intellectual property patents and technologies, along with 1,000 effective scientific and technological achievements. These innovations were expected to drive sales revenue and profits reaching 100 billion yuan and 5 billion yuan respectively through the integration of technology digestion, absorption, and re-innovation in 10 industrial projects.
In response to the growing competition from global chemical giants securing numerous patents in China, Sinochem has embedded patent management throughout the entire process of technological innovation—from project approval and implementation to achievement evaluation and commercialization. The company leverages the patent system to accelerate innovation and enhance competitive advantage.
Among its subsidiaries with annual sales exceeding 1 billion yuan, Sinochem has established enterprise technology centers certified by multiple countries. It also utilizes the research resources of the former Ministry of Chemical Industry’s institutes under China Chemical Industry Group, gradually transforming them into national, provincial, and municipal engineering technology centers. Each of these centers focuses on one or two core technologies within their respective industries and has successfully achieved industrialization.
In terms of funding, the group's 106 companies allocate at least 1.8% of their annual revenue to technology investment. On the management side, Sinochem strengthens both macro-strategic and micro-level oversight of research and patents, integrating the patent system into corporate procedures and operations. Patent applications and authorizations are used as key indicators of innovative capability, with the number of invention patent applications becoming a performance metric for enterprises and legal entities.
Additionally, affiliated companies are required to reduce costs through technological advancements, ensuring an annual reduction rate of no less than 5%.
According to reports, Sinochem's domestic and international subsidiaries hold a total of 1,466 patents. The company has achieved advanced levels in key chemical product scales and process technologies. Notably, it leads in areas such as silicone, organic fluorine, polycarbonate, polyoxymethylene, Bisphenol A, PBT, and other engineering plastics, as well as specialty materials like polyphenylene terephthalate, aramid fibers, and advanced gas separation technologies like pressure swing adsorption and carbonylation acetic acid production.