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TO
No description available
Price
$0
0.00%
$0
24h Trad. Volume
$0.00
Token Holders
0
total supply
0
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Project Description
The textile industry is environmentally taxing, largely due to cotton’s high water use and pesticide reliance. Hemp offers a sustainable alternative, producing 200% more fiber per acre while using 2.5 times less water in comparison to cotton. However, political and ideological opposition dating back to the early 20th century has slowed hemp adoption. The Hempy projects aims to leverage enzyme technology to enhance hemp’s flexibility and water resistance, expanding its potential for everyday and high-performance applications. Market projections estimate that the global hemp fiber market will grow to $55 billion by 2030, with a yearly growth rate of 20%.Georg Gübitz
Research Lead
Austrian Centre of Industrial Biotechnology
Organisation
€100,000.00
Initial Valuation