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The 2024 Symposium for Innovation Demonstration Companies in the Petroleum and Chemical Industry hosted by China Petroleum and Chemical Industry Federation (CPCIF) and organized by NHU was successfully held at the Courtyard Hotel in Xinchang, Zhejiang. This event aimed to bring together key players in the petroleum and chemical industry to explore innovative development pathways, share insights, and seek future growth. Over 50 technological innovation demonstration enterprise and research institutions, along with more than 80 industry leaders, enterprise representatives, and media reporters, participated in the conference.

At the outset of the meeting, Li Bin, Vice President of CPCIF, delivered a speech highlighting the crucial role of innovation in driving the transformation and upgrading of the petroleum and chemical industry, while also addressing the current challenges faced by the sector. He strongly acknowledged the positive and exemplary contributions of technological innovation enterprises in advancing the industry's technological progress through the establishment of talent incentive systems and the R&D mechanisms, increased investment in R&D, and efforts to overcome and master key core technologies. Li Bin also outlined expectations and requirements for the future development of technological innovation demonstration enterprises.

Mr. Hu Baishan, Vice Chairman and President of NHU, extended a warm welcome to all the guests who had traveled from afar in his speech. He provided an overview of NHU's business development and innovation efforts, expressing gratitude and appreciation for the crucial role played by the CPCIF in creating a high-level communication platform for the petrochemical industry. He also expressed a strong desire to build closer connections with business representatives, experts, and professors, with the aim of exploring cooperation opportunities, sharing resources and risks, and pursuing mutual development.

Mr. Wang Yimin, Director of the CPCIF, chaired the meeting and delivered a keynote report on behalf of the Deputy Secretary General Hu Qianlin, titled "Leading Innovation Demonstration: Writing a New Chapter for a Technologically Advanced Nation". In his report, he shared valuable insights and recommendations for the innovation and development of the industry. During the event, attendees also witnessed the awarding ceremony for the 2024 newly recognized technological innovation demonstration enterprises of the industry, with several outstanding companies being honored for their achievements.

During the special sharing session, several innovation demonstration enterprises presented valuable insights into their innovation experiences. Professor Li Haoran, Honorary Dean of the NHU Research Institute, discussed NHU's innovative concepts, systems, and capabilities, highlighting the NHU’s achievements in functional chemical R&D, particularly in overcoming technological bottlenecks and fostering high-quality development. Lai Chunbo, Deputy General Manager of the Shanghai Research Institute of Chemical Industry, Liu Wei, Vice President of Research Institute of Shandong Dongyue Group, and Su Lihong, Deputy Director of the Innovation and Development Department of Juhua Group, also shared their respective companies’ innovation experiences, exploring topics such as scientific and technological innovation, result transfer models, and implicit development within the industrial chain. Additionally, Liu Xinzhu, Director of Strategic Projects for Greater China at Yingchuang (Shanghai) Investment Management Co., Ltd., shared insights on the technological innovation strategies of multinational corporations.

During the event, the attending leaders, experts, and business representatives also visited NHU.

In the face of intensifying market competition, rapid technological changes, the rise of trade protectionism, and the growing tide of anti-globalization, innovation has become the cornerstone for adapting to the evolving global landscape, times, and challenges. As an innovative enterprise, NHU will remain committed to its strategic focus on "Chemical+" and "Biological+" while adhering to development principles of "integration, serialization, and scalability". We will concentrate on key sectors such as life and health, new energy, and green technologies, aiming to enhance open cooperation, strengthen collaborations between industry, academia, and research institutions. By adopting an open, cooperative, and globally-oriented approach, we will promote technological integration and innovation, striving for high-quality and sustainable development.