Hemp is in the news, especially for the construction industry and this new half-billion dollar fund for investment in many significant industries, such as green construction, plant-based proteins, bioplastics, sustainable aviation fuels, and powering the electrified future of mobility will prove to be a huge catalyst for growth.
rePlant Hemp Advisors, LLC officially opened the rePlant Hemp Impact Fund 1, LP (the Fund) for investments. The Fund focuses on bio-based innovation, a carbon-negative domestic supply chain, good green jobs, sustainable consumer products, and the verifiable sequestration of CO2. rePlant Hemp Advisors aim to place $500 million in the space by 2030, with the Fund’s first close set at $75 million.
rePlant Hemp President and Cofounder Geoff Whaling said, “Hemp is a critical asset on our journey to decarbonization. For every polluting technology phased out, new cleantech must emerge. Hemp plays a vital role in many significant industries, such as green construction, plant-based proteins, bioplastics, sustainable aviation fuels, and powering the electrified future of mobility. An investment in hemp is an investment in the emerging technologies that will shape our future.”
rePlant Board Chair and Cofounder Michael Woods added, “Hemp offers virtually all major industries a much needed and critical path toward sustainability. A major use case is construction—as global corporations and governments seek ways to construct carbon neutral and even carbon negative buildings and infrastructure, hemp provides sustainable materials, insulation, flooring and more—right now. And in the near term, hemp will play a standout role in the development of new sustainable construction tech like structural green concrete.”
CLICK HERE to read the entire Hemp Grower article
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Gary Fleisher is the Editor in Chief of Modular Home Source and Offsite Builder. Email at [email protected]
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