The American firm plans to invest $ 5.8 million in the production of "hemp lumber"
The characteristics demonstrated by “hemp wood” indicate that this lumber has the hardness, density and stability inherent in valuable tree species, for example, oak. The advantage of hemp in comparison with oak lumber is that it takes a disproportionately shorter amount of time to grow the same amount of hemp raw material than a similar raw material from valuable tree species. In addition, "hemp boards" have a greater density of material than oak and therefore they can be used for a wider range of applications - furniture, floor coverings, etc.The cost of HempWood products will be unambiguously lower than traditional lumber and on the market is presented in the form of blocks, pre-cut boards, floors, etc.



Hemp "lumber" Floor of hemp boards
During a media presentation, a representative of Fibonacci LLC (Maryland) told reporters that HempWood planned to invest $ 5.8 million in the production of environmentally friendly wood in the modernization of production facilities located in Kentucky. In turn, the owner of Fibonacci LLC, Mr. Greg Wilson (Greg Wilson) focused on the fact that the company headed by him signed a contract for the supply of more than 800 tons of cannabisa stems with farms that specialize in the cultivation of technical cannabis of the state, so the production of sawn timber using hemp fiber will start in the summer of 2019.




"Hemp furniture"
The characteristics demonstrated by “hemp wood” indicate that this lumber has the hardness, density and stability inherent in valuable tree species, for example, oak. The advantage of hemp in comparison with oak lumber is that it takes a disproportionately shorter amount of time to grow the same amount of hemp raw material than a similar raw material from valuable tree species. In addition, "hemp boards" have a greater density of material than oak and therefore they can be used for a wider range of applications - furniture, floor coverings, etc. The cost of HempWood products will be unambiguously lower than traditional lumber and on the market is presented in the form of blocks, pre-cut boards, floors, etc.


Hemp sawn billiard table
According to Kentucky Governor Matt Bevin, “Cannabis alternative to deciduous trees opens up new opportunities in the building and woodworking industry in the region and underlines the opportunities that cannabis have in many sectors of modern management. The tree growth algorithm is the basis of life on the planet. Reverse engineering of the natural growth cycle and the use of biomimicry of plant fibers and their binders based on modern protein compounds makes it possible to create a beautiful environmentally friendly substitute for wood from hemp raw materials. "


Table negotiation of "hemp boards"
Commentary of the Association "Ukrainian technical hemp"
In addition to the fact that Fibonacci LLC is tied to Kentucky hemp producers, the officials of the above US administrative and terminal unit found an additional incentive that influences the creation of hemp raw materials in the state - Fibonacci LLC received $ 300,000 in tax benefits from the financial management of the economic development of the state of Kentucky. Depending on the performance of the company, Fibonacci LLC can continue to retain part of its investment capital, achieving the company's development goals agreed with the state government. Taking into account the fact that about 25 people will work in the newly created company, its management will receive free services for the recruitment and employment of personnel on the industrial capacities created in the state.
The idea of using hemp raw material stems from the experience of bamboo flooring produced by Fibonacci LLC. Technologists of the company spent more than 10 years to adapt the processes incorporated in the equipment for the production of bamboo flooring and the creation of "hemp lumber."