Largest Hemp Gin In US will be in Shallowater Texas.
Largest Hemp Gin In US will be situated in
Lubbock County, in an existing 255,000 square foot building at 7716 Hwy.
84 in Shallowater, Texas. This will be the first facility for
Dallas-based Panda Biotech to develop substantial-high-quality,
textile-quality fiber and premium cellulose.
To make certain the maximum
top quality fiber, the company will only buy hemp stalks that are
harvested prior to the maturation of the seed and flower, which are the
components of the plant used in CBD products and solutions.
Royking Potter, Mayor of
Shallowater, stated in a press release," The City of Shallowater
is excited to promote the cutting edge industrial hemp processing
facility Panda Biotech is bringing to our community. The “Panda High
Plains Hemp Gin” will not only generate new revenue with minimal effects
on infrastructure, but it will also create new jobs in our community.
This technology will also greatly benefit the agricultural industry and
the producers in the West Texas region.”
Panda Biotech predicts than 130,000 tons of Texas-developed industrial
hemp will be processed annually into textile fiber and cellulose at the
Shallowater facility. The company says it has presently engaged
essential stakeholders in the Texas Superior Plains location which
include the community farming local community and tutorial institutions
– and is also developing business relationships with large probable
off-takers for the fiber and cellulose to be generated at its Texas
facility. The facility is expected to be the largest hemp decortication
center in the United States and one of the largest in the world.
Decortication in this instance is the separation of the fiber and
cellulose from the stalk of the plant.
The US hemp marketplace was opened up thanks to the passage of the
federal Hemp Farming Act of 2018, which was integrated in the 2018 US
Farm Bill and signed into regulation by President Trump very last
Texas legislators responded by passing House Bill 1325 which was
signed into legislation on June 2019 by Texas Governor Greg Abbott, and
authorizes the generation and manufacture of industrial hemp crops in
Texas. The regulation ensures Texas farmers are able to participate in a
swiftly growing sector with a new viable crop choice that will be a boon
to rural economies. Final approval of Texas’s hemp regulations are
awaiting approval by the USDA, which is envisioned in the coming months.
Officials with the company say the Panda High Plains Hemp Gin will be
located at 7716 Hwy. 84 and plan for production to begin within a year.
The current market for hemp
fiber is about $260 per ton, with the average yield being between 2.5
and 3 tons of hemp fiber per acre. Given that the cost of production is
$300 to $350, Texas farmers could make make up to about $480 per acre in
profit and this crop can be harvested more than once a year.
The global industrial hemp
market is projected to grow from $4.6 billion in 2019 to $32 billion by
Photo from Westar Commercial Realty Listing on Loopnet
Largest industrial hemp processing facility in the U.S. to be built in