Fibonacci opens 25-job HempWood manufacturing facility in KentuckyChristian Fernsby ▼ | August 27, 2019
Fibonacci opened their $5.8 million-plus, 25-job HempWood manufacturing facility in Murray, Ky.
The plant will produce sustainable wood made from hemp fiber and soy-based adhesives.
Company leaders selected Murray because of a relationship with Murray State University, which established a Center for Agricultural Hemp the same month.
Currently, the company contracts with West Kentucky growers for 2,000 tons of hemp stalks and plans to purchase 20 percent more next year.
Wilson and his team developed HempWood and patented the manufacturing process throughout the past decade.
HempWood offers advantages over traditional oak hardwood, including higher feedstock availability.
Hemp stalks grow in six months, compared to oak trees, which take decades.
As well, Wilson said processed hemp can reach 20 percent higher density than oak, which provides sustainability and hardness.
HempWood can be used in products ranging from flooring and furniture to woodworking projects and culinary serving boards. ■