Oregon torrefaction company finalist in cleantech competition

By Anna Austin | October 11, 2011

Biomass torrefaction company HM3 Energy Inc. has been selected as one of three finalists in the 2011 Cleantech Open Business Competition’s Pacific Northwest Division.

The company received $20,000 and will represent its region at the final competition in San Jose, Calif., Nov. 14-15, said HM3 President and CEO Hiroshi Morihara. The national grand prize is $250,000.

The Cleantech Open is a nonprofit organization that runs the world's largest business competition for clean technology entrepreneurs with a goal to find, fund, and foster ideas that address today’s most urgent energy, environmental and economic challenges. Over the past five years, the Cleantech Open has awarded more than $5 million in cash and services to support cleantech companies.

HM3, which was founded by Morihara in 2007, is currently constructing a biomass torrefaction demonstration facility in Troutdale, Ore., has plans for a commercial-scale plant in Prineville, Ore., and has obtained several federal grants to help fund them.