Dow Chemical joint venture with Ube to produce lithium-ion battery materials approved

The Dow Chemical Co. on Wednesday announced the approval of its joint venture with Japanese Ube Industries for the manufacturing of formulated electrolytes for lithium-ion battery cell manufacturers. The two companies, first announced in July, will form Advanced Electrolyte Technologies, which will produce up to 5,000 tons of electrolytes per year at a Dow facility in Midland. Dow said production for the new facility is expected late next year, the same year Dow Kokam’s 400,000-square-foot Midland Battery Park is scheduled to open. In 2012, the new company will build a 60,000-square-foot manufacturing facility in Midland to make battery chemicals and components. The company is expected to create more than a dozen jobs.

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