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Hemp, Inc. Purchases Hemp Decortication Equipment That Was Originally Purchased for Over $10,000,000 to be Used for Core Processing of Raw Hemp in U.S.
LAS VEGAS, May 19, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC:HEMP) announced today that it has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant through a process known as decortication. The Temafa decortication line of equipment, the only one of its kind in the United States, purchased by Hemp, Inc. will now enable the company to process raw hemp for American farmers into two valuable base products (fiber and hurd) that can both yield hundreds of products. The equipment is currently located at a plant in North Carolina. Hemp, Inc. is set to move the equipment to a more suitable location such as Kentucky, Tennessee, South Carolina, North Carolina, or the Georgia area. Click here to see video of the processing plant.
"This purchase of decortication equipment was a critical step in order for Hemp, Inc. to help Americans transition from non-sustainable synthetic solutions to a hemp-based green solution. We are very excited at what we'll be able to achieve once our manufacturing facility ramps its hemp production volume up over the next few years," said Perlowin, CEO of Hemp, Inc. (OTC:HEMP).
According to Hemp, Inc. executives and its Board of Directors, the purchase of decortication equipment was crucial to Hemp, Inc.'s long-term business goals, giving Hemp, Inc. a hemp presence on two continents. Hemp, Inc. (OTC:HEMP) also has contract grows of hemp in Northwest China. The first year growth test yielded over 40,000 kg of seeds and 35,000 kg of raw fiber.
Now that Hemp, Inc. has purchased the only decortication equipment of this scale in the country, executives said they are looking forward to purchasing the American farmers' hemp for processing which would allow the farmers to benefit from the move to a more sustainable, beneficial, and faster growing biomass supplied through hemp.
After meetings with business associates, including meeting one Wall Street icon in New York and an industry political group in Washington, DC last week, Bruce Perlowin, CEO of Hemp, Inc., continued on to Snow Hill, North Carolina over the weekend to visit the plant housing the decortication equipment. Up until a short time ago the Temafa decortication equipment had been in use in North Carolina for processing kenaf (Hibiscus cannabinus which is a plant in the Malvaceae family) ... a substance similar to hemp, often called Ambari Hemp and Deccan Hemp.
According to the former VP of Operations of the kenaf processing plant, "As the kenaf enters the 8 to 10-ft wide enclosed bale opener, the concealed product travels up- and downstream approximately 300 feet through a continual series of spiked rollers that remove the fiber from the core of the stock. As the fiber is separated and baled, the core is conveyed to the other side of the plant for further fiber removal from the core. The core is then stored in a 12 x 70-ft tower silo until further refined. The finished product can then be used for processes such as absorbing oil and other chemical spills or it can be milled into a powder form for use in numerous other products."
Due to the similarities of kenaf and hemp, the same equipment can process both raw materials. Appraised as "very good" condition, the decortication equipment was originally purchased for over $10,000,000. The recent purchase made by Hemp, Inc. (OTC:HEMP) not only included the machinery, but also included roughly 15 million pounds of raw and processed kenaf which can be sold to the automotive, paper, oil drilling, textile industries and as construction materials.
The kenaf was an important source of bast or cordage fibers used in the manufacturing of rope, bagging and other coarse fiber products. According to William Fakes' The Rise and Fall of Kenaf as a Fiber Crop in North Carolina, kenaf has been "evaluated in North Carolina and the Southeastern United States since 1957 as an annual source of fiber for pulping. Two types of fibers occur in the kenaf plant: bast fibers in the outer bark and short woody fibers in the thick core of pith. Both fibers can be used in making paper pulp. The kenaf would not substitute directly for wood in paper pulps but combinations of fibers from both sources could meet future demands for paper pulps in many areas of the United States."
This opens a huge opportunity for Hemp, Inc. (OTC:HEMP) to position itself as the buyer and processor of farmers' harvests. As American farmers begin to grow and cultivate hemp, Hemp, Inc.'s facility will also serve as a place to buy the harvest. With the only decorticating machinery of this size in the United States, Hemp, Inc. can process raw hemp which can be used to make paper, fabric, cellulose plastics, materials used extensively in well drilling to prevent lost circulation, material for toxic spill cleanup; and, highly insulating building products such Hempcrete, to name a few.
Hemp is one of the fastest growing biomasses on earth and the products made from it are non-toxic and biodegradable, thus its bountifulness will undoubtedly alleviate the many problems American farmers face from farming, to processing, to production, to disposal.
The first decorticator was invented in 1861, in Italy, for the decortication of hemp. It was developed to replace the labor intensive, back breaking work of separating the fiber from the hurd, the softer inner core. With over 120 years of experience in the manufacturing of fiber opening, cleaning and blending, the Temafa Machines' modular design of its decortication line will allow a flexible system concept to support the hemp decortication process.
According to the well known book, The Emperor Wears No Clothes -The Authoritative Historical Record of the Cannabis Plant, Marijuana Prohibition & How Hemp can still Save the World! by Jack Herer, "Under old methods, hemp was cut and allowed to lie in the fields for weeks until it "retted" enough so the fibers could be pulled off by hand. Retting is simply rotting as a result of dew, rain and bacterial action. Machines were developed to separate the fibers mechanically after retting was complete, but the cost was high, the loss of fiber great, and the quality of fiber comparatively low."
Bruce Perlowin, CEO of Hemp, Inc. said, "Hemp, Inc. is the pioneer of the Industrial Hemp industry. We are also advocators and educators who have promulgated for years hemp's viability as a sustainable resource. The possibilities are endless. Industrial Hemp is a burgeoning, relentless industry bursting at the seams. Its strength is in numbers and more people are demanding it as a greener alternative. Hemp, Inc. is now in the position to supply that demand. The future couldn't be more bright."
According to Perlowin, the future is also very bright for Hemp, Inc.'s subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, known as IHMMCC which is comprised of a "Community of Companies". IHMMCC has been touted as the best 'connected' consulting company in the industry. Thus far, the public companies include: Dewmar International BMC, Inc.; Resource Ventures, Inc. (REVI); Webxu, Inc. (WBXU); Greene Concepts, Inc. (LKEN); Global Links Corp (GLCO); Strategic Global Investments, Inc. (STBV); Liberated Energy, Inc. (LIBE); Hollund Industrial Marine, Inc. (HIMR); Vapor Brands International, Inc. (VAPR); and, Cloud Medical Doctor Software Corp (NSCT) which have all mutually benefitted from the network.
ABOUT HEMP, INC.(OTC:HEMP)
Hemp, Inc. (OTC:HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry, Hemp, Inc. (OTC:HEMP) is not currently involved in the cultivation or marketing of medical cannabis - not yet. (www.hempinc.com) Watch Bruce Perlowin on Bloomberg TV.
HEMP, INC.'s TRIPLE BOTTOM LINE
Hemp, Inc. (HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator. By Hemp, Inc. focusing on comprehensive investment results — that is, with respect to performance along the interrelated dimensions of people, planet, and profits — our triple bottom line approach can be an important tool to support sustainability goals.
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