Dow and Ube to Manufacture Electrolytes for Lithium-Ion Batteries
TOKYO & MIDLAND, MI– Dow Chemical Company and Ube Industries, Ltd. have agreed to form a joint venture to manufacture and market formulated electrolytes for lithium-ion batteries. Named Advanced Electrolyte Technologies LLC, the joint venture is expected to be in place later this year.
“The growing demand for alternative energy production and energy storage systems places technologies such as advanced batteries for electric/hybrid vehicles and power generation at the very center of the global mega-trends,” said Heinz Haller, Dow executive vice president and chief commercial officer, “Partnering with an electrolyte industry leader like Ube gives Dow the ability to provide cell manufacturers with a robust offering of material technology that meets demanding battery performance requirements.”
The joint venture’s first manufacturing facility is expected to be built at Dow’s Michigan Operations’ site in Midland for startup in 2012.
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