Newsletter – October 23, 2024

Hempitecture Awarded $8.4m from the Department of Energy

By Jackie Smith, HempBuild Magazine

The Biden-Harris Administration’s “Investing in America” initiative continues to strengthen U.S. manufacturing and clean energy supply chains with $428 million in funding for 14 projects, focused on revitalizing former coal communities. Selected by the Department of Energy (DOE), these projects aim to boost domestic production, cut pollution, and create over 1,900 jobs. The initiative emphasizes leveraging local talent and skills, helping coal communities transition to clean energy while strengthening national security and industrial competitiveness. The projects will attract over $500 million in private investments, targeting key supply chains like batteries, low-carbon materials, and clean power generation.
 

Among the recipients is Hempitecture Inc., which secured $8.4 million to build an industrial hemp processing facility in Jerome, Idaho. This facility will manufacture eco-friendly building materials, packaging, and automotive products with reduced carbon intensity. CEO Matthew Mead highlighted the project’s potential to create 25 full-time jobs and drive economic growth, expanding their operations into eastern Tennessee. Hempitecture’s selection underscores the role of biobased materials in the clean energy transition and presents an opportunity for continued investor support through their current fundraising efforts.

Photo rendering Hempitecture

THE LET’S TALK HEMP VOLUME UP PODCAST RETURNS

Catch up with the US Hemp Industry trip to Japan – CLICK IMAGE FOR PODCAST RECORDING

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EVENTS

3rd Annual Texas Hemp Summit
November 1-2, 2024, College Station, Texas

World Hemp Forum
November 19-20, 2024, Troyes, France

 Asia International Hemp Expo and Forum 2024
November 27-30, 2024, Bangkok, Thailand

11th Annual NoCo Hemp Expo – We go to ELEVEN
April 10-12, 2025, Estes Park, Colorado

Experience Hemp Berlin and the 22nd Annual EIHA Conference
June 11-13, 2025, Berlin, Germany

Add your event to Hemp Events, a free listing service for legitimate hemp industry events. Visit www.HempEvents.org 

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About Let’s Talk Hemp

Let’s Talk Hemp is a publication of WAFBA – We Are For Better Alternatives focused specifically on the subjects of industrial hemp, cannabis, sustainable agriculture, environment, healthy foods & supplements, and climate-smart applications. We present features and curate news from across the globe to share the benefits of hemp, cannabis, bio-based materials, and better alternatives. WAFBA also is the Producer of NoCo Hemp Expo, the world’s leading hemp conference and exposition.

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