Situated at Elk Point, the plant will be capable of processing 40,000 tons of hemp stalk annually. This will be used in a variety of products including textiles initially and then moving into building materials, fertilizer, and paper. The plant is expected to be operational in summer of 2025.
Minister for PrairiesCan Dan Vandal announced the repayable funding would come from the Community Economic Development and Diversification fund and go to the Askiy Hemp Limited Partnership (Askiy). The initiative a partnership between Frog Lake First Nations (FLFN), and the Town of Elk Point. The partnership has secured a 13,000 sq. ft. building situated on 7.5 acres in Elk Point’s Diversity Industrial Park.
“By supporting the Askiy Hemp Limited Partnership hemp processing plant we are helping to strengthen the economy in the Elk Point area, creating quality jobs for Albertans, contributing to economic reconciliation, and adding value to Canada’s agriculture sector,” said Minister Vandal.
It’s expected the Elk Point facility will directly employ more than 45 individuals, and indigenous peoples will fill at least a third of the jobs.
“This is a great opportunity for economic growth for Frog Lake First Nations,” said Chief Gregory Desjarlais. “It will provide a large scale of opportunities in green energy, food and water sovereignty, clean transportation, carbon sequestration and sustainable projects.”
Read more https://hempgazette.com/news/alberta-hemp-plant-hg2206/
