Solving the global plastic problem with hemp bioplastics
- Type: Retail
Botanic Bioplastics has created a range of environmentally friendly hemp bioplastic products for governments, businesses and consumers wanting to reduce their environmental impact. The products can be re-used, and after use, will biodegrade in soil or water within 6-12 months.
Bioplastics are not only great for the environment but are functional and strong, unlike other biodegradable products in the space, and are cost-competitive with traditional plastic.
Botanic Bioplastics, are aiming to replace the use of traditional plastic products with their expanding range of hemp-based bioplastic products.
- Innovative business model
The Company’s parent company, Botanic Wellness Limited, cultivates substantial hemp crops, extracts the CBD oil, selling it to wholesale customers and uses it to produce its own range of CBD products.
Botanic Bioplastics receives the waste hemp material from Botanic Wellness Limited, for the manufacturing of its various bioplastic products, at no cost. Botanic Bioplastics then moulds the hemp resin into a wide range of products that are traditionally produced using petroleum-based plastics.
- Commercially focused and adaptive
While Botanic Bioplastics is focused on producing a cost-effective range of environmentally friendly and sustainable bioplastic products to replace various traditional plastic products, it also remains extremely commercially focused. Botanic Bioplastics markets and sells its bioplastic products to wholesale and retail customers in Australia, the USA, the UK and in future, Europe.
Botanic Bioplastics will continue to invest and develop its capabilities in various aspects of the hemp bioplastic sectors in areas that it considers will be most immediately valuable and strategic for the future.
- Rapidly Growing Market
Botanic Bioplastics operates in a rapidly growing market driven by the phasing out of many traditional petroleum-based plastic products. There is growing awareness and interest in bioplastic as an environmentally friendly, functional and cost-effective alternative. This is due to the increasing Australian and global awareness of the many benefits of hemp as a sustainable and environmentally friendly material for a large and increasing range of applications.
The initial target markets are Australia, the USA and UK, but it intends to expand into various European and Asian markets, as demand for such products increases and its production capacity expands.
- Strategic Relationships
Botanic Bioplastics has, and is continuing to develop, a range of commercial partnerships with traditional plastic manufacturers for the production and manufacturing of its hemp bioplastic products. As the equipment and personnel required is the same as in traditional plastic manufacturing, Botanic Bioplastics can take advantage of the available excess manufacturing capacity of many existing plastic manufacturers, as demand for the plastic products that they have been producing for decades declines. Similarly, they are establishing relationships with distributors and retailers for bioplastic products.
- Experienced Boards, Management and Executive Team
The Botanic Bioplastics Board and Executive Management team have significant experience in various aspects of the hemp, plastics and bioplastics industries both locally and internationally. They also have considerable experience in developing early-stage companies in new, and rapidly growing sectors and have been involved in listing those companies on the Australian Securities Exchange (ASX), knowledge which will be critical now, and for the future ambitions of Botanic Bioplastic.
Why Equity Crowdfunding?
Botanic Bioplastics aims to become a significant producer of a wide variety of bioplastic products containing hemp in Australia, the USA and UK and in the future in Europe and Asia.
Currently, the company is producing its hemp products in the USA for importation to Australia, the USA and other international markets. With the funds raised they aim to grow their range of hemp bioplastic products, taking notable action to reduce the use of traditional single-use plastic products.