Dow Ube form joint venture manufacture electrolytes

Dow and Ube form joint venture to manufacture electrolytes

12:52 PM, 8th July 2011
Dow and Ube form joint venture to manufacture electrolytes
Heinz Haller, Executive VP and Chief Commercial Officer, Dow.

TOKYO, JAPAN/MIDLAND, US: The Dow Chemical Company and Ube Industries, Ltd will form a joint venture to manufacture and market formulated electrolytes for lithium-ion batteries (LIBs) in energy storage applications. The 50-50 joint venture, named Advanced Electrolyte Technologies LLC, is expected to be finalized later this year, pending regulatory approval. The joint venture’s first manufacturing facility is expected to be built at Dow’s Michigan Operations’ site in Midland for startup in 2012.

The joint venture complements the growth strategy of Dow’s Energy Materials business by adding formulated electrolytes to an integrated product portfolio for the energy storage industry. “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 centre of the global mega-trends,” said Heinz Haller, Executive VP and Chief Commercial Officer, Dow.

The new joint venture will also allow Ube to strengthen its global supply network and improve cost competitiveness for its electrolyte technology outside of Japan. This will enable Ube to take advantage of other rapidly growing geographical segments with its world class formulated electrolyte technologies.

“We are very excited to form Advanced Electrolyte Technologies with Dow,” said Shinobu Watanabe, Ube Managing Executive Officer.

(C) WOC News

 

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