China's leading manufacturer of chemical products says it sees innovation and intellectual property rights as the force behind sustainable development and is working hard in that direction, according to a company report in June.

The State-owned China National Chemical Corp (ChemChina) concluded that, for this purpose, it wants to "promote the commercialization of technologies", in its 2010 Sustainability Report.

ChemChina was founded in 2004 and reports that it has completed more than 1,600 major national scientific and technological projects. In 2009, it was in the top three on China's "100 top innovative enterprises" list.

The company has its own science and technology operation at its headquarters, responsible for the technological innovation and R&D systems, with a similar setup at all of its subsidiaries.

ChemChina is "a leader among all centrally-controlled State-owned enterprises in technology research", the report stated.

（Source：China Daily）