In 2007, adhering to the principle of meeting the need of core business development, the Company concentrated on independent innovation, accelerated the research on core & special technology, and expedited the promotion and application of technological achievements. Science & Technology plays a more vital role in supporting the business operation and development. Mr. Min Enze, academician of CAS & CAE, won the 2007 National Supreme Scientific Technology Reward; "Preparation & Application Technology of Ultra-fine Rubber Particle Material" and "Heat Transfer Enhancement Technology of Furnace Coils at Ethylene Cracking" received the Second Prize of National Technological Invention Award; five other research projects won the Second Prize of National Scientific and Technological Progress Award, namely, "Research and Application of New Technology in Protecting Oil Layers during E & P Process; "Theory of Formation Mechanism of Tight Clastic Rock in Da'niudi Gas field and E & P Practice", "the Process Development & Industrialization of Extraction, Distillation and Separation of Aromatics"; "Key Technological Integration and Energy Conservation during the Process of Separation in Refining." and "Research and Application of  Separation Technology for the Cooling Water from Delayed Coking Unit".

In 2007, the Company applied for 905 domestic patents with 616 granted and 122 foreign patents with 61 granted. By year end 2007.

The Company has a complete system for technology development, and intellectual property management, and has strong capabilities in technological research and development. The R&D Department is in charge of technology development, promotion and application, intellectual property rights, technology licensing, international technological exchange and cooperation, development of new products, development of catalysts, additives and auxiliary agents, quality supervision, standards and measurement management. Among the Company staff, 19 members are academicians of China Academy of Sciences and China Academy of Engineering.