Innovation System
To build an innovation engine in the field of new chemical materials

Relying on an innovation platform with new chemical materials and engineering technology as the core, Sinochem International continues to promote the IPD innovation management system, building a secondary research and development structure and an integrated technology innovation system, and comprehensively improving scientific research strength and core competitiveness. It actively promotes the transformation of scientific research achievements, and creates an innovation engine in the field of new chemical materials.

Based on the innovative management concept of I2P (Idea to Profit) and the innovative IDP management system, we revised and released the "R&D Project Management Measures", strengthened project management, improved the whole life cycle management system of R&D projects, and created a "R&D Project Management Method". It has the core capabilities of a technological innovation system that integrates basic research, process development, engineering research, and product application research and development.

KPIs in 2021:
● RMB 1485 million invested in scientific and technological research and development, up 26.14% year-on-year
● 905 researchers
● 52 ongoing research projects
● 243 patents applied for,including 165 invention patents
● up 23.7% year-on-year in patent licensing

R&D Project Management System

Efforts are being made to unify and deepen the Phase-Gate R&D project management system, improve the phasegate review procedures and enhance inter-department coordination and cooperation. The Phase Gate Management model has been applied, throughout the whole product development process, where effective achievements in R&D projects across each business division has been made.

Innovation System
Innovative Technology Evaluation Model

In order to strengthen technological reviews and improve technological evaluation systems for investment projects, Sinochem International created the "66 Model". With such a model, we have laid down the technological evaluation system and evaluation process for the introduction of projects, to ensure the success of strategic R&D projects and actively cultivate new growth engines.

Innovation System
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