Just recently, Titan Hemp announced their partnership with Green Growers Technology Alliance to embark on a journey in creating a new plastics company known as Titan BioPlastics. Titan Hemp is already considered a leader in the area of providing hemp extracts and other hemp products.
The new company, known as Titan BioPlastics, will be looking to develop a range of high-quality plant-based products for various manufacturing applications. They'll be looking to use the hemp, along with other materials and sustainable sources, in order to create their various biodegradable products.
Those products might be found in a myriad of market spaces, from the automotive manufacturing sector to pharmaceutical packaging and more.
They'll need a lot of hemp in order to create their various products for the market and they've already secured a supplier.
They've already made a partnership with a Thai company, known as True Hmong Global Distribution Ltd, securing exclusive global rights to sell, distribute, and market, all industrial hemp that originates from Thailand.
The hemp program in Thailand is expected to grow to over 1 million acres in the next few years.
It's now foretasted that Titan will become one of the world's largest hemp suppliers.
There is a lot of potential for hemp to be used to create products that would have traditionally been created in the market using plastic. And aside from Titan Hemp there are others who are also venturing into this space as well, looking to create hemp products to replace plastic.
Not only could it help to make products that might have used plastic, but it can also be used for thousands of other applications as well. Industrial hemp could really be a game changer in creating an abundance of new wealth—jobs, products etc—and it looks like a growing number of areas are slowly making their way to reconsidering this notion.