This fall, Hemprise, a newly formed company that utilizes hemp extract and cannabinoid ingredient solutions to benefit people, pets, and the planet, plans to open in Jeffersonville, Ind., the largest hemp processing facility in the U.S. The company plans to begin testing operations throughout the remainder of this year.
The plant is expected to reach full capacity over the following year. In the two warehouses of the facility, hemp will be dried and then go through an extraction process in order to create CBD products—both oil and powder versions.
The company intends to produce a variety of cannabinoid products for both human and pet consumption. The site is projected to produce 10 metric tons of biomass per day, which is equivalent to approximately 8 million pounds of biomass per year, which will be distributed to wholesalers nationwide.
The site will produce and distribute about a sixth of the nation’s CBD broad spectrum, CBD isolate, and water soluble CBD. The $80 million project is the largest U.S. venture to date from China-based food additive company Layn.
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Hemprise plans to employ 50 people and partner with local farmers to supply and mill the raw hemp. The company plans to launch phase II of construction at the site after CBD becomes a federally regulated ingredient for food, beverages, and dietary supplements, according to Zheng Yang, the company’s general manager.
Gray, a fully integrated, global service provider deeply rooted in engineering, design, construction, smart manufacturing, and equipment manufacturing services, was chosen to design and build the facility.