![\"\"](\"https:\/\/renewable-carbon.eu\/news\/media\/2021\/11\/hempflax-solar.jpg\")
<\/figure><\/div>\n\n\n\nThe company has already abandoned gas as a power source and will install 1.9 MWh of solar panels next year, according to an email sent to its customers Wednesday, Nov. 17.<\/p>\n\n\n\n
HempFlax said it believes it can double production capacity while also going \u201cenergy positive\u201d when it completes an investment project that started with the installation of a new fully automatic packaging machine that is already operational. The expansion is expected to be completed in the first half of 2022.<\/p>\n\n\n\n
\u2018Future proof\u2019<\/h3>\n\n\n\n
\u201cOur factories have been producing continuously for the past year,\u201d HempFlax said in the email. \u201cIt is becoming increasingly clear that hemp is an extremely future-proof raw material.\u201d<\/p>\n\n\n\n
The legacy European hemp operator said it is also renewing its vehicle fleet and expects delivery of a first hydrogen-powered vehicle by the end of the year as it expands efforts to trim the company\u2019s carbon footprint.<\/p>\n\n\n\n
Strong 2020 results<\/h3>\n\n\n\n
HempFlax, which has operations across Europe, reported in May of this year that 2020 revenues grew 43% to \u20ac14.5 million, driven in part by a 42% increase in sales of CBD, and a 1,089% increase in construction materials sales. EBITDA rose 63% to \u20ac1.8 million in 2020, with before-tax profits rising 616% to \u20ac659,000 from \u20ac92,000 in 2019.<\/p>\n\n\n\n
The company said 2020 brought revenue growth in every category in its diversified portfolio that includes CBD; high-quality fibers for hemp-based plastics; construction materials; horticulture and animal bedding; and genetics and farming.<\/p>\n","protected":false},"excerpt":{"rendered":"
Europe\u2019s HempFlax Group B.V. said it plans to invest roughly \u20ac3 million to transform its Oude Pekela, Netherlands factory into a facility that will expand production capacity while generating excess energy. The company has already abandoned gas as a power source and will install 1.9 MWh of solar panels next year, according to an email […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The company has already abandoned gas as a power source and will install 1.9 MWh of solar panels next year, according to an email sent to its customers","footnotes":""},"categories":[5572],"tags":[5627,11885,13594,11877],"supplier":[27],"class_list":["post-101157","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-energy","tag-hemp","tag-insulation","tag-naturalfibres","supplier-hempflax-bv"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/101157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=101157"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/101157\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=101157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=101157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=101157"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=101157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}