Hemp, Inc. (OTC PINK: HEMP) announced today the Company was featured in “Plastics News” regarding the Company entering the hemp bioplastics industry. The Plastics News article titled “Hemp, Inc. taking hemp into bioplastics” details the operations at Hemp Inc.’s facility in Spring Hope, N.C., where the Company has begun processing industrial hemp for bioplastics. Within the article, the outlet describes the operations that will help fill the growing demand for hemp-based and natural materials.
According to the news source, the material that is being processed at the facility has completed positive beta testing. A quote from the original press release that is included in the article states, “This is a venture no one else is doing in America and what hemp was put on this earth to do,” said Hemp, Inc. CEO Bruce Perlowin. “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.”
In addition to the announcement regarding Hemp, Inc.’s entry into the hemp bioplastics industry, Plastics News also highlighted that the Company has two additional natural product ventures. These two product ventures include DrillWall™ and Spill-Be-Gone™ for the oil industry, making hemp bioplastics the Company’s third natural product venture. The outlet also included Hemp, Inc.’s promotional video entitled “Could Hemp Save the Planet?”
The hemp industry is expected to jump from $1.1 billion in revenue in the year 2018 to an estimated $2.6 billion by the year 2022, according to New Frontier Data. Additionally, bioplastics are predicted to control five percent of the plastics market by 2020 and rise to 40 percent by 2030, according to Grand View Research.
Read the Plastics News article “Hemp, Inc. taking hemp into bioplastics”.
Hemp, Inc. is a global leader in the industrial hemp industry with bi-coastal processing centers.
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
