EQS-News

1.6 million euros for Hanf Farm: Federal Ministry for Economic Affairs and Climate Protection funds bio-economy project

EQS-News: SYNBIOTIC SE / Key word(s): Financing 1.6 million euros for Hanf Farm: Federal Ministry for Economic Affairs and Climate Protection funds bio-economy project (news with additional features) 25.04.2024 / 12:33 CET/CEST The issuer is solely responsible for the content of this announcement.

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The Federal Ministry for Economic Affairs and Climate Protection (BMWK) is funding a Hanf Farm project in the field of industrial bio-economy with 1.6 million euros. The official funding decision has now been handed over to Managing Director Rafael Dulon and Project Manager Michael Bieder by State Secretary Stefan Wenzel at the Hanover Trade Fair. Wenzel recognised the importance of research and development in the field of bio-economy when handing over the decision. Hanf Farm GmbH is a company of the German industrial hemp and cannabis group SYNBIOTIC SE.

The funding serves to advance the planning and implementation of automated and AI-supported production for processing biogenic raw materials, including hemp, miscanthus and crops from the agricultural use of peatland sites. The project and the funding from the BMWK mark a significant breakthrough in the sustainable production and development of the industrial bio-economy.

Rafael Dulon, Managing Director of Hanf Farm: "We are very grateful for the financial support from the BMWK. The funding enables us to realise our vision of sustainable and efficient production of organic raw materials and to make an important contribution to the development of the industrial bio-economy."

Michael Bieder, Project Manager Hanf Farm: "The project is a milestone in the field of industrial bio-economy. For the first time, the BMWK is funding the planning and implementation of a fully automated and AI-supported factory for industrial hemp and lignocellulosic fibre raw materials. This innovative approach not only promises to increase efficiency and sustainability in production, but also paves the way for future developments in this area."

Hanf Farm GmbH is a leading company in the field of sustainable organic raw material production and sees the funding from the BMWK as confirmation of its efforts to create a future-orientated and environmentally conscious economy.

The photo shows from left to right Claudia van Veen (moderator), Michael Bieder (Project Manager Hanf Farm), Rafael Dulon (Managing Director Hanf Farm) and State Secretary Stefan Wenzel (BMWK).