HM3 Energy lands additional grant
By Christina Williams, Sustainable Business Oregon
Sustainable Business Oregon
HM3 Energy, a biomass startup, announced Tuesday that the company received a $241,000 award from the U.S. Endowment for Forestry and Communities for its Gresham pilot plant.
The award follows on the heels of a $90,000 U.S. Department of Agriculture research grant that HM3 announced in June.
HM3's plant will produce torrefied biomass pellets that can be used as a cleaner alternative to coal in coal-fired plants.
The company was one of eight businesses and educational institutions to receive U.S. Endowment awards, which aim to support new sustainable business opportunities for forest communities.
Backed by private investors, HM3 Energy has developed a high-temperature process to take low-value wood, including forest waste and urban waste wood, and turn it into dry and dense pellets that can sub in for coal in power plants.
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