Dow and Ube Form Joint Venture to Manufacture Electrolytes for Lithium-Ion Batteries
The Dow Chemical Company and Ube Industries, Ltd. announced an agreement to 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 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 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.
The joint venture’s first manufacturing facility is expected to be built at Dow’s Michigan Operations’ site in Midland for startup in 2012.
Other news from the department business & finance
These products might interest you
Battery Testing Services by Battery Dynamics
Learn more about the performance and service life of your battery cells in less time
Benefit from modern measurement technology and an experienced team
Batt-TDS by ystral
YSTRAL Batt-TDS mixing and dispersing machine
Boost your battery slurry process
Most read news
More news from our other portals
See the theme worlds for related content
Topic World Battery Technology
The topic world Battery Technology combines relevant knowledge in a unique way. Here you will find everything about suppliers and their products, webinars, white papers, catalogs and brochures.
Topic World Battery Technology
The topic world Battery Technology combines relevant knowledge in a unique way. Here you will find everything about suppliers and their products, webinars, white papers, catalogs and brochures.
Last viewed contents
Oxoglutarate_dehydrogenase
Polyplastics Establishes Sales Subsidiary in Europe
How green cities could remove CO2 from the atmosphere - One gigatonne per year by mid-century: An study determines the potentials, various co-benefits and possible barriers to implementation
BASF to take over production site at Feluy, Belgium
BASF plasticizer Hexamoll® DINCH comes out ahead in eco-efficiency analysis - Independent assessment by TÜV Rheinland supports BASF findings
Innovative materials for high-performance lithium batteries - Thomas Fässler receives the Arfvedson Schlenk Award
In line with the 17 Sustainable Development Goals: digital 5th ECP with over 1,200 partnerings - In more than 1,200 online partnering conversations as well as numerous flash sessions, the traditional spirit of the largest speed dating event of the European chemical industry came alive again
