Hempcrete Project Gets $6.2M EPA Grant To Develop Eco-Friendly Construction Materials
Portfolio Pulse from Patricio Liddle
The U.S. Environmental Protection Agency (EPA) has awarded a $6.2 million grant to the Hemp Building Institute (HBI) to promote the use of biogenic materials like hemp in construction. This initiative is part of a broader $160 million effort under President Biden's Inflation Reduction Act to reduce greenhouse gas emissions. The project aims to develop digital carbon accounting standards and Environmental Product Declarations (EPDs) for materials like hemp, soy, and straw bale. Companies like Charlottes Web Holdings, Canopy Growth, Aurora Cannabis, Tilray, and Hemp Inc. may benefit from the increased use of hempcrete.
July 30, 2024 | 4:01 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Aurora Cannabis (NASDAQ:ACB) stands to gain from the EPA's initiative to promote hemp-based construction materials, potentially boosting its hemp product sales.
The increased focus on hemp in construction could lead to higher demand for Aurora Cannabis's hemp products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth (NASDAQ:CGC) may benefit from the EPA's $6.2M grant to promote hemp-based construction materials, potentially increasing demand for hemp products.
The grant aims to increase the use of hemp in construction, which could drive demand for Canopy Growth's hemp products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Charlottes Web Holdings (OTC:CWBHF) may benefit from the EPA's grant to promote hemp-based construction materials, potentially increasing demand for its hemp products.
The focus on hemp in construction could drive demand for Charlottes Web Holdings' hemp products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hemp Inc. (OTC:HEMP) stands to benefit from the EPA's $6.2M grant to promote hemp-based construction materials, potentially boosting its market for hemp products.
The initiative to use more hemp in construction could lead to higher demand for Hemp Inc.'s products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray (NASDAQ:TLRY) could see positive impacts from the EPA's grant to promote hemp-based construction materials, potentially increasing its market for hemp products.
The initiative to use more hemp in construction could boost demand for Tilray's hemp products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80