Dow Chemical Form Joint Venture to Make Battery Electrolytes
According to the Associated Press, Dow Chemical Co. and Japanese chemical company Ube Industries Ltd. have agreed to form a joint venture to manufacture electrolytes for lithium-ion batteries, which are increasingly being used in cars among other things. The 50-50 joint venture, named Advanced Electrolyte Technologies LLC, is expected to be finalized later this year pending regulatory approval. Dow said the joint venture will allow it to expand its alternative energy offerings. The joint venture''s first manufacturing facility is expected to be built at Dow''s home base in Midland, Mich. for startup next year.