Ube Industries, Ltd. announced that Ube and The Dow Chemical Company have established a joint venture to manufacture and market electrolytes for lithium-ion batteries (LIBs), headquartered in Michigan, USA.

The new company is named Advanced Electrolyte Technologies LLC and will begin operating in December 2011. Over time, the joint venture will establish subsidiaries with manufacturing facilities for electrolytes in the United States, China and Europe.