Grand Opening of Advanced Electrolyte Technologies (Zhangjiagang) Co., Ltd

Zhangjiagang, China – March 18th, 2013

On March 18, 2013, Advanced Electrolyte Technologies (Zhangjiagang) Co., Ltd (“AET ZJG”) held a grand opening ceremony at the Zhangjiagang Huafang Jinling Hotel announcing the start of its new manufacturing facility. The event was attended by Zhangjiagang city leaders and representatives of AET (ZJG), Advanced Electrolyte Technologies LLC, and its parent companies. AET (ZJG’s) smooth start of the facility, with an annual output of 5,000 tons of lithium battery electrolyte, marks a new milestone in the development of a new energy industry chain in Zhangjiagang,Jiangsu. Lithium-ion batteries are a core product of this industry.

AET( ZJG) established in June 2012, is a 100% foreign-owned enterprise, registered in Zhangjianggang Chemical Industry Park by its’ parent company Advanced Electrolyte Technologies LLC from the United States. Advanced Electrolyte Technologies LLC (AET), is a 50-50 joint venture company of UBE Industries Ltd and the Dow Chemical Company. AET leverages the strengths of its parent companies to create formulated electrolytes for lithium-ion batteries. The first phase of the production capacity at the new Zhangjiagang facility reaches 5,000 tons, and the second phase of the project expands to 10,000 tons. AET (ZJG) will supply lithium-ion battery manufacturing companies in China and other Asian regions.

AET was formed to leverage the strengths of two global leaders into one customer-focused company that offers advanced lithium-ion battery technology. AET is focused on the development of the high-end electrolyte market, achieving a leading position in equipment and technology, production scale, technical level and global market share. The joint venture company combines Dow’s material science strength and global footprint with UBE’s expertise in electrolyte technology to enhance the performance of lithium-ion batteries. Parent company, UBE Industries Ltd possess the most high-end technology among its’ international counterparts, a technology already with a 25% global market share. AET has established strategic partnerships with international companies within the industry and will become a major global supplier of lithium-ion battery electrolyte and a domestic high-end lithium battery electrolyte manufacturing company.

In recent years, the lithium-ion battery industry is showing steady growth driven by the growth of electric vehicles, consumer products, and ESS. Lithium-ion batteries have higher energy and provide increased environmental protection. They have begun to fully replace the traditional lead-acid, nickel-metal hydride and nickel-cadmium batteries. Lithium-ion batteries will become the most important energy storage element in the era of low-carbon economy. The speed of the technological level of its development will directly affect the speed and quality of the new energy industry as a whole. Along with a series of forthcoming support policies for new energy vehicles, new energy vehicles in China in the "12th Five-Year period will become a driver in the development of the lithium-ion battery industry, and also expand to satellite, aerospace and energy storage markets. Meanwhile, the development of HEV hybrid electric vehicles, 3G mobile phones and other power tools, requires higher battery performance, which brings new opportunities in the development of the lithium-ion battery industry. As a leading company in the electrolyte industry, AET is committed to bringing our customers exactly the right set of performance characteristics for their battery applications with a growing portfolio of solutions.

AET (ZJG) inherits the principle of companies building a better society from both UBE and Dow. Using advanced technology and scientific management methods to establish and operate the production of the best performing products at its’ new manufacturing asset located in Zhangjiagang, provides the company significant competitiveness. We have the industry expertise and supply chain capability to ensure consistent and reliable product delivery with attention to maintaining the highest environmental standards while contributing to the development of China's new energy industry.

Company Profile
Name of the company: Advanced Electrolyte Technologies (Zhangjiagang) Co., Ltd
Head office location: 3 Nanjing Road, Jiangsu Yantze River International Chemical Industrial Park, Zhangjiagang, Jiangsu, PRC
Establishment of the company: June 2012
Parent company: ADVANCED ELECTROLYTE TECHNOLOGIES LLC a 50-50 joint venture between The Dow Chemical Company and UBE Industries LTD.
Business scope: The manufacturing and marketing of formulated electrolytes

About UBE Industries Ltd

Ube Industries was founded in 1897, in more than 100 years of history, develops itself constantly within the changes in society and industry, to carry out a wide variety of businesses, manufacturing a variety of products. UBE’s core understanding is technology creativity and challenging spirit without being afraid of the changes in the market. Based on the policy of development by differentiation strategy in chemical industry, UBE puts emphasis on technology innovation and fully play its own advantages within the field of finished chemical products, resins, functional products, fine chemicals, pharmaceuticals, construction materials, loading and unloading metal casting and the energy environment.

UBE has manufacturing plants in Japan, China, Thailand, Spain and other regions, reached an annual sale of 661 billion yen, operating profit of 44.3 billion yen in 2011. Number of employee is approximately 11,000 .

UBE industrialized electrolyte and separator which belong to four major materials of lithium battery. As for electrolyte industry, according to the insights of unique synthetic organic technique and electrochemistry in 1997, UBE brought functional electrolyte into the market. By adding up additives into highly pure electrolyte to further improve battery performance and product types got extended as well. This ultimately contributed to the improvement of battery performance as well as expansion of battery uses in recent years. Widely use of lithium batteries brings to expansion of portable equipment for consumer market which contains mobile phone, digital cameras and other portable equipment. We can predict a dramatically increase of its demand starting with automotive use such as in the field of hybrid vehicles, electric vehicles, and power storage uses as well as in industrial uses.

About Dow

Dow combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agro sciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of approximately $57 billion and employed approximately 54,000 people worldwide.

For Editorial Information:

Rebecca Bray
Advanced Electrolyte Technologies
+1 248.686.0730