Reports say massive steel plant planned for 1,000 acres in Michigan known as 'Project Tim'
Efforts to assemble 1,000 acres in mid-Michigan raised questions earlier this year as the secretive so-called Project Tim promised hundreds of jobs and a $4- to $6-billion development.
Now the nature of the mysterious project is known: Steel.
An Ohio-based steel technology company is taking the lead on the land options in Durand, off I-69 between Flint and Lansing, according to a report in Crain's Detroit Business.
John Schultes, CEO of New Steel International Inc., confirmed to Crain's that his company is among "a lot of companies trying to make this happen."
Schultes' company is seeking a "$7 billion federal loan through the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program for construction of a plant in Durand that would produce new high-strength steel," according to Crain's.
Read more: http://www.mlive.com/business/index.ssf/2017/12/project_tim_reports_indicate_m.html#incart_river_home
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