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|Articles - August 2011|
|Wednesday, July 20, 2011|
Page 1 of 4
By Ben Jacklet
Imagine replacing coal with a clean-burning, carbon-neutral fuel source.
Imagine generating the same amount of electricity at the same power plants already used for coal — without spending millions to modify the plant, or billions to replace it.
Now imagine 20 to 25 new factories in some of the most economically depressed timber towns in Oregon, humming with activity as workers produce this new fuel source.
Imagine 1,500 new jobs bringing new life to moribund industrial parks from Coos Bay to Prineville to Burns.
These seemingly far-flung scenarios are the pillars of the latest business venture of Hiroshi Morihara, a 73-year-old scientist and business leader with a long record of accomplishments.
Morihara spent the 1990s running complex biotech companies in the Bay Area, flying from Portland to San Francisco each Monday morning at 6 and returning each weekend. Prior to that, he helped develop an advanced silicon processing plant in Moses Lake, Wash., that is still operating with the same technology after 25 years of production. Somewhere along the way, he and a partner bought the sprawling Persimmons Golf Course in Gresham, so when he wasn’t flying to and from the Bay Area to oversee the work of high-level scientists, he was running the golf course, teaching skiing (certified ski instructor since 1974) or running marathons (52 so far). “I’m used to being super busy,” he says, with a shrug.
Morihara is the founder and CEO of HM3 Energy, a small startup specializing in the torrefaction of woody biomass. Torrefaction is the process of using extreme heat to convert plant material into a dry, dense fuel that burns efficiently and cleanly. Morihara says he and his team of scientists can convert any plant material — forest slash, juniper, waste wood, crop residues, giant cane, even cow dung — into dense briquettes that can be crushed and fed into a coal-burning power plant with no adjustments to the plant. These briquettes are hydrophobic, meaning they can be stored outdoors in the rain, and when they are burned they emit no mercury and far less sulfur than coal. And while they do emit greenhouse gases, Morihara argues that burning biomass is a carbon-neutral act, since plants absorb the same amount of carbon during their life cycles as they release when burned. Coal, by contrast, is a fossil fuel mined from the earth that adds new carbon to the atmosphere when it is burned.
Tuesday, January 21, 2014
BY PETER BARNES
The defense market can be easy to overlook in Oregon, a place with a bigger reputation for its antiwar movements than for its military history. Yet when it comes to the U.S. defense budget, the Department of Defense did roughly $1 billion in business in Oregon that year.
Thursday, February 27, 2014
BY ERIC FRUITS
Because they have little chance of working for someone else, today’s teens need to be entrepreneurs. But, first, we must teach our teens that entrepreneurship starts small.
Thursday, January 23, 2014
BY JONATHAN FROCHTZWAJG
Vassar Byrd deconstructs retirement.
Friday, January 24, 2014
BY TOM COX | OB BLOGGER
January needn’t be a time to make well intentioned promises to yourself that you soon break.
Monday, February 03, 2014
BY ROBERT SHLACHTER AND MARK FRIEL | OB GUEST CONTRIBUTORS
Alternative methods of dispute resolution have the potential to lower costs, increase efficiency and provide greater control over process. The key is to know which ones to use, and how to use them in a way that accomplishes those objectives.
Tuesday, February 25, 2014
BY BRANDON SAWYER
Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.
Wednesday, January 22, 2014
BY JESSICA RIDGWAY
A merger boosts an ethics and compliance firm.
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