The finishing touches are being put on what’s touted to be largest hemp CBD processing facility in the USA.
HempRise’s Indiana facility is being constructed in River Ridge in Jeffersonville. The 25 acre purpose-built, dedicated hemp extraction campus will feature a 100,000 square foot extraction facility capable of processing 3.5 million kilograms of industrial hemp biomass annually. The project will also provide a local employment bonanza, with dozens of jobs created in the first year.
The $80 million facility will produce full-spectrum and broad spectrum hemp extracts, along with cannabidiol (CBD) isolate.
Last week, Congressman Trey Hollingsworth and various other representatives of government and trade agencies toured the facility, which is expected to be up and running in October.
The commencement of operations will likely be warmly welcomed by Indiana’s hemp farmers given the lack of processing facilities within the state – and nationally. It’s one of the issues along with plummeting prices that has put somewhat of a dampener on the USA’s green gold rush.
Still, there’s certainly still plenty of demand and acceptance of hemp-derived CBD is only increasing.
“The genie is out of the bottle,” said HempRise in June. “Consumers, voters, and the global corporate community are aware of the benefits CBD and hemp extracts offer – and HempRise supports every step forward in our vision to bring the best, most efficacious and revolutionary CBD and hemp extracts to market to benefit people, animals, pets and the planet.”
HempRise is owned by China-based firm Layn Corp. Founded in 1995 and based in Guilin, Guangxi Province, Layn has been primarily focused on production of plant-based sweeteners and natural flavors. HempRise is assuming responsibility for Layn’s investment in the research and production of CBD and hemp extracts, and will oversee production of its full spectrum and broad spectrum oils, and water soluble CBD.
“At Layn Natural Ingredients, and our subsidiary HempRise, we are seeing increased interest in unique combinations of various cannabinoids and terpenes,” said the company last year. “We are also innovating around synergistic formulations of CBD in combination with other key botanicals.”
