Hemp

Global Hemp Leader Joins Bioplastic Camp

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.”

To see 1-minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all of Hemp, Inc.’s activities around the country.

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What is Hemp Inc?

What is Hemp, Inc.? With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.

PERSONAL REMARKS

Great new. Hemp bioplastics is one of the most promising biocomposites. We need an American player to give it a boost in terms of communications. Hemp is too often associated with cannabis.

What is the difference?

Hemp and Marijuana are both cannabis. Initially same plant but early separation of gene pool led to two distinct types of plants.

  • Hemp: grown for foods, oils and textiles; and bred with other plants.
  • Marijuana: bred selectively for psychoactive compound and used for medical and religious purposes.

George Washington (first US president) use to grow Hemp (used for textile). Hemp became illegal in the 1930s because of the Nylon industry (DuPont company). Making Hemp illegal was a great way to boost the Nylon business. To make it illegal they pushed the idea that cannabis was a (hard) drug. 

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Published on globenewswire.com

Hemp, Inc. Enters Hemp Bioplastic Industry to Fill Growing Demand for Eco-Friendly Materials

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