Photo Courtesy of Barton Malow Co. DOE is offering a $730-million loan to Severstal to fund steel plants, such as this one, for fuel-efficient vehicles. DOE also has issued grants for more than 30 battery and component plants in 19 states. If the Obama administration can engineer it, one million hybrid and electric vehicles will hit American roads by 2015. The president's goal is to accelerate construction of manufacturing plants with federal loans and grants.In July, the U.S. Dept. of Energy made a $730-million loan commitment to Dearborn, Mich.-based Severstal North America to fund the construction and modernization of finishing
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.