A Maryland, USA company says it will invest $5.8 million in a factory in Kentucky to produce HempWood, an “eco-friendly timber” that uses hemp fiber to create a wood-like material.
The company, Fibonacci LLC, said it has secured a lease on an 11,000 sq. ft. facility in western Kentucky and plans to begin production this summer. Fibonacci owner Greg Wilson said he has contracted for delivery of more than 800 tons of hemp stalks from Kentucky growers to get operations up and running.
See the full story at HempToday
