Hempitecture Inc., located in Jerome, Idaho has been tapped to receive $8.4 million in funding from the Department of Energy as part of the Biden Administration’s Investing in America program. The funding will create an industrial fiber hemp processing and manufacturing facility produce high performing products, with a 60-80% reduced carbon intensity, for the building materials, packaging, and automotive industry. When completed, the facility will create 25 full-time jobs. 

“We’re truly honored to be selected through this highly competitive process that is designed to revitalize communities affected by the clean energy transition. This funding will be allocated to the expansion of our production technology to eastern Tennessee, helping create economic vitality along the agricultural supply chain, leading directly into our decarbonizing materials.” -Matthew Mead, Hempitecture Inc. CEO

This historic announcement is not only game changing news for Hempitecture, but it means that we’re bringing value to our investors who have supported us in our past and current fundraising rounds. The validation of the Department of Energy in our business is a signal that biobased materials are here to stay, and that Hempitecture will remain positioned on the forefront of this emerging sector.

The Investing in America program provided $428 million in funding for 14 projects to accelerate domestic clean energy projects.