On April 24, Hubei Xingfa Chemicals Group Co., Ltd. had the ground breaking for its new aerogel material project with a total investment of RMB 11.1 billion, which was located at Yichang New Material Industrial Park, Xiaoting District, Yichang City. The project will be implemented by phases, including 140,000 cubic meters of atmospheric pressure gel insulation felt, 60,000 cubic meters of supercritical aerogel insulation felt and 10,000 tons of aerogel powder per year, of which the first phase project is expected to be completed this August.