Dow and Ube form JV for Li-ion electrolytes

  • 18-Jul-2011 09:20 EDT

Dow Chemical Co. and Japan's Ube Industries, Ltd. (Ube) on July 6 announced they would form a joint venture to manufacture and market formulated electrolytes for lithium-ion batteries in energy-storage applications. The 50-50 JV, named Advanced Electrolyte Technologies LLC, is expected to be finalized later this year, pending regulatory approval. Ube will license its electrolyte technology to the joint venture. The new company’s first manufacturing facility is expected to be built at Dow’s Michigan Operations’ site in Midland for start-up in 2012, with plans for additional plants in China and Europe by 2015.

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