29. Aug 2019
Hemp, Inc., a global leader in the industrial hemp industry, announced today the Company began processing hemp products for bioplastic to help fill the growing demand for sustainable products and enters third natural product venture.
Hemp, Inc. has bi-coastal processing centers including the 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina, a state of the art processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona.
The products include hemp, a proprietary blend of hemp and kenaf that is specifically formulated for the hemp bioplastics industry. Hemp, Inc. has previously created two natural products including DrillWall™ and Spill-Be-Gone™ for the oil industry, making this the Company’s third natural product venture.
The material for hemp bioplastic is processed at the Company’s North Carolina facility, which is the largest of its kind, and has completed positive beta testing. The blend will be provided to multiple companies to help fill the growing demand for natural and hemp-based products for the bioplastics industry. According to Grand View Research, bioplastics are predicted to control five percent of the plastics market by 2020 and rise to 40 percent by 2030.
“First and foremost, I have always been an environmentalist, even before it was popular to identify as such, which means being part of the supply chain for hemp bioplastic has me beside myself, walking on cloud nine,” said Bruce Perlowin, CEO of Hemp, Inc. “This is a venture no one else is doing in America and what hemp was put on this earth to do. While everyone focuses on CBD, we are here focusing on the next big thing, which is the industrial part of the plant – the part that can help save the world. This will be our third venture into the natural product industry, and I am excited to see what a difference our company can make.”
DrillWall™, which is a product of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, is a non-toxic, biodegradable, and water insoluble drilling fluid additive used by many major oil companies.
Additionally, the Company’s Spill-Be-Gone™, is a spill-absorbent product that is made from the core particles and powder of the kenaf plant. Kenaf is the same plant used in the Company’s proprietary blend created for bioplastics.
This product can be used to clean up oil, diesel fuel, hydraulic fluid, solvents, water and most other liquid spills, and can be formulated to be fire retardant. Notably, Spill-Be-Gone™ was one of the products used to help clean up wildlife during the BP Deepwater Horizon oil spill.
Perlowin added, “As a company that has always been at the forefront of everything we do, this next venture into the hemp bioplastics industry with these products makes sense for the Company. We have demonstrated for years the Company’s and my personal interest in sustainability, and entering hemp bioplastics is positioning the business for the early phase of expansion. Just being part of this step of the supply chain is something I am extremely proud of.”