Dow (DOW) And DOE Partner on Sustainable EV Battery Production [Yahoo! Finance]
Dow Inc. (DOW)
Last dow inc. earnings: 4/30 06:00 am
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dow.com/en-us/about-dow/our-company/investor-presentations
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Source: Yahoo! Finance
Gulf Coast, focusing on producing carbonate solvents, essential components in the supply chain for lithium-ion batteries. This move aims to support the expansion of the domestic electric vehicle and energy storage markets, building upon Dow's successful history of growth projects. Dow's recent global alkoxylation capacity expansions, set to be operational in the next two years in the U.S. Gulf Coast and Europe, underline this commitment to growth. In collaboration with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED), Dow has been selected for award negotiations to establish a significant carbonate solvents production facility for lithium-ion battery manufacturing on the U.S. Gulf Coast. This initiative is bolstered by agreements with customers, including prominent EV original equipment manufacturers and electrolyte manufacturers. The facility will prioritize sustainability by capturing more than 90% of the carbon dioxide from the ethylene oxide man
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