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Business
Dow ups stake in fuel cells
June 5, 2006
| A version of this story appeared in
Volume 84, Issue 23
Dow Chemical has purchased $1.25 million in Millennium Cell stock following completion of the first milestone in an agreement between the two firms. Formed early last year, the three-year, joint-development deal seeks to commercialize portable fuel cells for consumer electronics and military applications. "The use of hydrogen fuel cells is a promising area that requires improved technology for fuel handling and storage," says James H. Plonka, vice president of Dow corporate venture capital.
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