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Consortium May Seek Loan For Battery Plant

National Alliance for Advanced Transportation Batteries still pursuing project in Kentucky and may seek federal loan after failing to win federal grant earlier this year.

FRANKFORT, Ky. (AP) -- A group of battery manufacturers may seek a federal loan to restart a project in Hardin County that failed to win a federal grant earlier this year.

James J. Greenberger, founder of a consortium called the National Alliance for Advanced Transportation Batteries, says it's members, including Procter & Gamble, Duracell and 3M, are still interested in pursuing a project in Kentucky.

Greenberger told The Courier-Journal the group still needs to talk to the U.S. Department of Energy officials to determine whether it would be a viable candidate for a loan of up to $340 million.

The project failed in August to win a grant to help finance the facility that would produce lithium ion batteries for automobiles.