Jiangsu Haiyue High Performance Material Co., Ltd. plans to build the 150 kt/a high-performance silicone material products project at Huai'an Industrial Park, Jiangsu Province, of which the environmental impact assessment report was approved. The company will invest RMB 1.5 billion on the project which is built in two phases. Upon completion of the project Phase I, Haiyue will have the capacity of 28.2 kt/a high-performance phenyl silicone, 12.4 kt/a high-performance ethylene silicone and 28.9 kt/a high-performance methyl silicone. For the project Phase II, the company is able to manufacture 45 kt/a high-performance phenyl silicone, 32.05 kt/a high-performance ethylene silicone, and 4.6 kt/a high-performance methyl silicone.