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|Articles - November 2011|
|Wednesday, October 19, 2011|
By Dan Cook
Seventy jobs may not seem like a lot. But to tiny Clatskanie (population: 1,710) in Columbia County, it’s 70 more people spending money locally who weren’t spending it before.
That’s how many the restarted ethanol plant in Clatskanie will employ once it’s up and running, perhaps as soon as January. Now operating as Cascade Kelly Holdings LLC, the former Cascade Grain project, located on 44 acres at Port Westward, had collapsed into bankruptcy seven months after its 2008 opening, taking with it millions in government subsidies and other investment dollars. The Longview, Wash.-based builder, JH Kelly, bought the assets out of bankruptcy in late 2009, brought on a new, experienced management team to run it, and made various modifications to make it more profitable than its predecessor.
Cascade Kelly has already hired workers to get the once mothballed facility ready to start producing ethanol again. “We felt a dramatic difference in the last couple of months” from their spending locally, Columbia County Commissioner Tony Hyde says.
Hyde thinks the experienced team now operating the plant is the key to the plant’s success.
“The experience level of the people in charge of Cascade Grain was zero,” he says.
Dan Luckett, the new general manager, has operated ethanol plants since 2006. He thinks the plant will surpass its original capacity of 108 million gallons a year by at least 12 million gallons. In addition, modifications to the plant and the production process will yield two new byproducts — corn oil and carbon dioxide — that Cascade Kelly can sell along with the ethanol.
To meet his goal of ramping up production by January, Luckett says the plant still needs “full buy-in from all stakeholders.” The process of negotiating new terms for operation of the facility has already pushed back the reopening about six months. At issue are a renegotiation of some terms of a sublease for the property with PGE; attempting to secure some $5 million in tax credits from the state granted to the original owner; and resolving water quality and road access issues with the Port of St. Helens, which supplies water and controls the roads to the area.
Luckett expects to start pumping out ethanol in the first quarter of 2012.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
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