The path to zero waste.
By Celia Lamb
Sacramento Business Journal
Nov 7, 2008
A Davis startup wants to help companies turn garbage into energy and make steel more efficiently.
Sierra Energy Corp. has licensed a patent to make blast furnaces work better and hopes to sell the technology. The company is working on a deal to retrofit a blast furnace at a steel mill owned by Shanghai Baosteel Group Corp. in China. Sierra Energy needs about $3 million for the work; its president, Golden Capital Venture Funds partner Chris Soderquist, is recruiting potential investors.
Investors so far have put about $1.5 million into the company, founded by Sierra Railroad Co. president Michael Hart. [Read more]