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“Rising industries just like the hemp fibre sector are creating full-time native jobs and driving diversification in Alberta. It’s nice to see BCG and the Alberta Hemp Alliance dedicated to rural revitalization and supporting our formidable targets for job creation, funding attraction and elevated agricultural and value-added exports.”
Drayton Valley-Devon MLA, Mark Smith, sees the funding as a game-changer for his area.
“Alberta’s authorities is concentrated on attracting investments into the value-added sector and we will confidently say that BCG and the Alberta Hemp Alliance are companions in that imaginative and prescient. Collectively, we will create a sustainable hemp processing trade that may create jobs and diversify our economic system.”
Dan Madlung, CEO of BioComposites Group, BCG now sources hemp straw from Alberta farmers, to maximise all the plant product. In flip, it bolsters farm revenue and results in a extra resilient agriculture sector. BCG is making certain Albertans have entry to high-quality and sustainable hemp merchandise.
“Hemp straw was beforehand only a waste product for growers. We now have constructed the largest hemp processing hub in North America, creating value-added merchandise that we market internationally. I’m proud that BioComposites Group is an Alberta firm working to search out sustainable options in a number of trade sectors, growing farm revenue and creating environmentally sustainable merchandise.”
The grant will permit the Alberta Hemp Alliance to proceed constructing a various and collaborative neighborhood to encourage speedy progress of the hemp trade within the province, whereas facilitating market improvement, provincial networking, and sources.
Proper now, BCG’s Terrafibre merchandise use Canadian-grown fibres which are decorticated, cleaned and manufactured in Alberta.
The corporate is planning to construct a brand new facility to decorticate hemp and flax, and manufacture insulation and inexperienced constructing merchandise. The venture will take 18 to 24 months to finish, leading to a $30-million funding, 100 full-time jobs, crop diversification and revenue for farmer, whereas creating 100,000 tonnes of carbon sequestration within the first section.
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