Hemp Report
Honeywell last week announced a partnership with a US bioenergy company seeking to utilise industrial hemp and other non-food crops for the production of biochemicals.
Honeywell is a huge multi-national corporation with its fingers in a number of pies, including energy and sustainability solutions. SGP BioEnergy is a fully integrated bioenergy products development firm based in New York.
The pair announced last week they are teaming up to develop new technology to convert industrial hemp and other biomass materials into biochemicals that can be used to produce plastics and other common items. According to the World Economic Forum, about 400 million tons of plastic waste is produced globally a year, and around 98% of single-use plastic products are made from fossil fuels including natural gas and crude oil.
Under the arrangement, Honeywell will develop new feedstock tech and ongoing operational support and workforce training, while SGP BioEnergy will provide the infrastructure, workforce and second-generation feedstock via its “Ready. Grow” program. The program delivers low-carbon-intensity feedstocks with full traceability and sustainable certification using the International Sustainability and Carbon Certification (ISCC).
