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|Archives - December 2009|
|Sunday, November 22, 2009|
Growers and distillers of Oregon’s troubled peppermint industry hope that a not-so-new invention will help increase their crop’s international competitiveness. Researchers are looking at how the humble microwave could be adapted to revolutionize the state’s mint oil production process and greatly reduce the industry’s operating costs.
Currently, mint oil is extracted through a high-cost steaming process involving large boilers that run on expensive fuel. Rocky Lundy, executive director of the Mint Industry Research Council, says the combination of cheap foreign products from China and India along with uncertain fuel prices has hurt the state’s competitiveness over the last 12 years.
Bryan Ostlund of the Oregon Mint Commission says Oregon produces 25% of the nation’s mint oil, roughly 2.5 million pounds, with an annual value of $50 million. Lundy says planted acreage of the crop in Oregon will increase 3% to 5% by 2010. Currently the state grows about 28,000 acres. But with a global appetite for the cheapest goods, experts say the state’s industry must find a way to cut production costs in order to survive.
Lundy says the current steam distillation system can account for 60% of the total production cost. “The idea of trying to find some more efficient form of distilling the oil has been around for years,” says Lundy.
That Holy Grail of mint oil distillation may be on the way, says Lundy. With help this summer from Oregon State University researcher David Hackleman, mint producers rented an industrial microwave unit, designed for textile production and drying dog food, and used it to distill the oil from batches of mint hay instead of using costly boilers. Lundy says the samples of the oil produced in the initial experiments easily met the quality standards expected of Oregon mint. However, further research will be conducted in North Carolina on the true energy efficiencies of the process.
John Wendel, general manager of Albany-based RCB International, which buys mint from growers and sells to customers like Colgate, says over the past 10 years there has been pressure from large retailers such as Wal-Mart for cheaper products. The result has benefited overseas producers who have gained a strong foothold in the industry with Mentha arvensis, a lower-cost peppermint alternative blended with other oils. The alternative blend has chipped away at traditional mint production and Oregon’s share of the market, says Wendel.
“Arvensis affected us negatively,” says mint grower Jim Cloud of Madras. “On the other hand, I can’t blame [the customers] really.”
But if the research on the microwave system proves positive, Lundy says within five years the new process could give Oregon its edge back. “Last year, I would’ve said [Oregon mint] had an uphill battle,” Lundy says. “Now that hill is not so steep.”
WILLIAM E. CRAWFORD
Thursday, November 20, 2014
BY JASON NORRIS | OB CONTRIBUTOR
Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).
Wednesday, November 26, 2014
BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR
By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.
Thursday, December 11, 2014
By MEGHAN NOLT
VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.
Saturday, December 13, 2014
A look-in on the life of Norris & Stevens' president.
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF
An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.
Thursday, December 11, 2014
There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:
The authors, Henry Timms and Jeremy Heimans, don’t necessarily favor one form of power over another but merely outline how power is transitioning, and how companies can take advantage of these changes to strengthen their positions in the marketplace.
Our Powerbook issue might be viewed as a case study in the new-power transition. This annual book of lists provides information on leading businesses, nonprofits and universities in the state. Most of the featured companies are entrenched power players now pursuing more flexible and less hierarchical approaches to doing business. Law firms, for example, are adopting new technologies and fee structures to make legal services more accessible and affordable.
This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay.
Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.
New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”
That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!
Thursday, December 04, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?
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While the Bend City Council ultimately upheld the approval which enables OSU-Cascades to move forward with the 10 acre site, it did also thoughtfully consider the nature of its code requirements, resident concerns and OSU-Cascade’s efforts and suggestions and crafted conditions of approval to address potential impacts of the site in the area.