International Success
Industrial hemp is a multi-million dollar business across Canada, Europe and Asia. Following growing interest in the crop and the success of overseas bio-processing plants, the crop is gaining momentum in Australia off the back of its international success.
Agri Fibre Industries has the potential to be a leader in a $US100 billion global renewable industry in Australia, thanks to superior agricultural research and knowledge.
Read about the rising star of industrial hemp as a thriving international trade here.
CANADA’S INDUSTRIAL HEMP INDUSTRY TRADE THRIVING
“Canadian hemp seed exports increased 300 per cent from 2006 to 2007, the CHTA said. Hemp oil exports increased 85 per cent and fibre exports increased 65 per cent over that time.”
Source: 2007 Farm Business Communications.
NEW CANADIAN INDUSTRIAL HEMP FACILITY LAUNCHES
“An Ontario company has secured $2 million from investors to open the first North American bio-processing plant for industrial hemp.
The company also expects to produce more than $17 million per year in renewable hemp fibre, wood-like chips, pellets, matting and seed products.
The company says the global renewable and bio-products industry is expected to exceed $125 billion in revenues by 2010.”
Source: The Canadian Press, 2009
Growing demand for biodegradable and natural products has led to a wide range of new industrial hemp products being developed.
Internationally, the crop is currently integrated by automotive companies, such as Ford, GM, Chrysler, BMW, Honda and Mercedes, for composite door panels and other automotive parts. Industrial hemp has also been widely used across other product lines, including animal feed supplements, cosmetics and textiles.
Industrial Hemp Australia aims to be the Australian frontrunner in industrial hemp, producing a world class product in a local arena.
As the demand for biodegradable products continues to surge globally, the company has the potential to replicate strong overseas success in your backyard. Learn about investment opportunities here.