Vice President Unit Style: Yuangen Petrochemical Selected as a Demonstration Enterprise for Technological Innovation in Shandong Province
In order to further implement the spirit of the major project of transforming old and new driving forces of the Provincial Party Committee and Provincial Government, and comprehensively enhance the technological innovation capability of enterprises in our province, in accordance with the "Management Measures for Technology Innovation Enterprise Certification (Trial)" issued by the Ministry of Industry and Information Technology, the Shandong Provincial Department of Industry and Information Technology has issued the "Notice on Publishing the 2019 Shandong Province Technology Innovation Demonstration Enterprises (Lugongxinji [2019] No. 163)",Shandong Yuangen Petrochemical Co., Ltd. has been successfully selected as a technology innovation demonstration enterprise in Shandong Province, becoming the only lubricant research and production enterprise in our province to receive this honor.

Technological innovation demonstration enterprises refer to enterprises in major industrial sectors with strong technological innovation capabilities, significant innovation performance, and important demonstration and guiding roles. The recognition of technology innovation demonstration enterprises is aimed at promoting the construction of a technology innovation system with enterprises as the main body, market orientation, and the combination of industry, academia, and research.Provincial level technology innovation demonstration enterprises all have research and development centers at or above the provincial level. After being evaluated, they will be recommended to participate in the national technology innovation demonstration enterprise. The Ministry of Industry and Information Technology, in conjunction with the Ministry of Finance, recognizes eligible enterprises and awards them the title of "Technological Innovation Demonstration Enterprise". These technological innovation backbone enterprises adhere to high-intensity research and development investment, play a radiating and driving role, and provide strong support for the deep integration of informatization and industrialization, and the construction of a manufacturing powerhouse.

This honorary title is a recognition of Yuangen Petrochemical's independent innovation capability and also a recognition of its work in technological innovation. The numerous invention patents, proprietary technologies, and related intellectual property rights currently owned by Yuangen Petrochemical, together with the CNAS national laboratory, constitute the core technology system of the company. As a leading domestic lubricant production enterprise, Yuangen Petrochemical has participated in the formulation of multiple national and industry standards for lubricants, and is an important unit in the formulation of domestic lubricant industry standards. These not only reflect the unique competitive advantages of Yuangen Petrochemical in technological innovation and research and development, but also provide important guarantees for its sustainable development in the future.
In recent years, Yuangen Petrochemical has been continuously improving its independent innovation capabilities and perfecting the basic research, design, optimization, testing, verification and other technical means and systems for product development through the construction of technology innovation mechanisms, technology R&D organizational systems, R&D funding guarantee mechanisms, special incentives for R&D personnel, and "industry university research" cooperation mechanisms. As a result, the overall product performance has reached the international advanced level. As a leading enterprise in China's lubricant industry and awarded the 2019 Shandong Province Technology Innovation Demonstration Enterprise, Yuangen Petrochemical will actively enhance its independent innovation capabilities, solidly guarantee and promote the operation of relevant work mechanisms, continuously improve its comprehensive strength, and lay a solid foundation for Yuangen Petrochemical's globalization strategy.
Enterprise Correspondent Bai Lei/Contribution
Editor He Yang of this website/Organizing
