John Schultes, CEO of New Steel, Delivers Keynote At Saturday Rotary Conference Hosted by Durand Rotary
Posted by Durand Now at 6:12pm 5/5/18
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The annual Rotary District 6310 Conference and Dinner this year is hosted by Durand Rotary. The event, held at Zehnder's in Frankenmuth, featured as a keynote speaker, John Schultes, CEO of New Steel International, one of the companies behind the push to bring "Project Tim" to Durand.
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One of the main themes of this year's conference was "Economic Growth & Environmental Responsibility," an invitation sent to Durand Now said. Though regrettably unable to attend, we understand that Schultes' presentation was titled "Refining & Rebuilding America's Steel Manufacturing Industry," and was expected to not include direct discussion about Project Tim.
We've reached out to Schultes and asked him to share his talking points with us for inclusion on our PROJECT TIM page, and invited him to utilize the page to communicate with residents and distribute information on the progress of the controversial proposed steel mill development in Vernon Township, north of the city.
The latest on Project Tim involves a new footprint for the facility as project leaders were unable to obtain one of the properties necessary for the original footprint. It is unknown if options have been secured for the properties inside the new footprint.
Schultes told Crain's Detroit Business in December that the initiative is moving forward and that New Steel was seeking a loan from the Department of Energy. While he wouldn't say the amount requested, Crain's cited a source briefed on the company's plans that said the company applied for $7 billion as part of the agency's Advanced Technology Vehicles Manufacturing Loan Program. That same source says the project has attracted investor interest from Tesla, General Motors and DTE Energy.
The plant, touted as a renewable energy initiative, would produce high-strength steel and capture emitted energy for electricity.
Schultes explained this process further in a 2014 appeal to the Ohio House of Representatives, as New Steel was reigniting efforts to build what is believed to be the same type of operation in Scioto County of that state. Schultes spoke in favor of HB 312 which would "permit a public utility electric light company to recover costs of an economic and job retention program from all public utility electric light customers in Ohio." HB 312 died in committee.
With help from Mike Caldwell, formerly of Ohio's Ironton Tribune and the now-Publisher of Kentucky's Winchester Sun, both newspapers serving communities along the Ohio River and its tributaries, Durand Now has unearthed a series of stories and documents that tell the tale of a proposed steel mill that was to be built along the Ohio River as part of a project that began more than a decade ago. That mill, being developed by New Steel International, would have been a partnership with the Russian steelmaker, Magnitogorsk Iron and Steel Works (MMK). MMK pulled out of the project as the economy collapsed in 2008, but by 2012, efforts to save the stalled project began, with rumor of a German-based partner, a February 2012 Tribune story indicates.
No further information about that project has been found.
These stories and documents can be found on the Durand Now PROJECT TIM page.
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Health Department Offers Free Summer Yoga Class
Wellness Through Yoga Classes Begin May 7th
Posted by Durand Now at 9:18pm 5/2/18
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The Shiawassee County Health Department is sponsoring a Wellness Through Yoga Class this summer at the First United Methodist Church in Owosso and the Community Center in Corunna at McCurdy Park.