Carbon Footprint Reduction Program for 25 Coal Producing States
The CPS II objective for achieving Carbon Footprint reduction through the Reclaiming of Abandoned Coal fields and planting of Industrial Hemp. The projects will reclaim abandoned or unused coal fields for the planting and production of Industrial Hemp products. There are many products that have been and can be produced from the Industrial Hemp fiber. The products range from the production of Biodegradable Plastic components, such as bumpers and panels for automobiles, Building materials and Cosmetics. The production of a Biomass product that can provide clean fuel to replace fossil fuels is available from the IH production. One of the major benefits and effects of planting the IH will be to reduce the carbon footprint.
Zion Market Research has published a report titled “Industrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global industrial hemp market was approximately USD 3.97 billion in 2018 and is expected to generate around USD 9.64 billion by 2025, at a CAGR of around 13.5% between 2019 and 2025.Industrial hemp is an exceptionally renewable resource. The crop once harvested generates a high yield of edible proteins and fibers, with over 50,000 product applications. The need for industrial hemp products is increasing significantly on a daily basis, due to the rising health awareness among global consumers. The increasing global demand for hemp-based food items is expected to drive the global industrial hemp market over the forecast time period. Consumers are majorly switching to natural products, which is further likely to fuel the industrial hemp market in the upcoming years. Industrial hemp has major applications in fuel, textiles, biodegradable plastics, healthy food, paper making, and construction industries. It can also be used as an alternative for various products, such as tree paper and as raw material for the production of plastics and cosmetics. Additionally, the rising need for a healthy lifestyle is also predicted to provide significant growth opportunities to the players engaged in the industrial hemp market.
CPS II has presented a proposal to the Dept of Environmental Protection (DEP) in one of the 25 Coal Producing states for the reclaiming of the abandoned or unused coal fields and the production of Industrial Hemp. The CPS II team is a highly qualified group of experts, skilled in construction of reclaimed coal fields, Industrial Hemp seeding, planting and harvesting along with experience in the chemical engineering of biodegradable plastic processing. The addition of management consulting, training and compliance support will be a major part of the expertise of the group.
The funding required can be supported by the approval of the CPS II proposal to the States DEP utilizing the DOI abandoned coal field reclamation fund, the first CPS II proposal was submitted on January 31, 2020. The Dept of Interior (DOI) holds a $10B AML fund for the Abandoned coal field reclamation in 25 Coal producing States. We have submitted the proposal to the DEP in one of the first states to support the project, the DEP has been closed since February due to the CV19 crisis. We are expecting information on the status of the proposal in the next few months for the first project in one of the 25 States.
CPS II has selected an abandoned coal field location targeted for the program and is a privately owned field that can be reclaimed in a reasonable time. The reclamation will be managed and executed by a veteran construction management company in the State. The owner of the company is a veteran construction executive and former Director of Economic Development for the first project in that State.
The planting of the IH will be managed from the seed selection through the planting and harvesting by a PH.D in Biology from the State University. He has successfully planted IH in coal fields in the State. There are several processing systems available for separating the IH into material such as fiber or compound for processing to biodegradable plastic, building material, cosmetics and Biomass fuel.
The process of creating the biodegradable plastic product and the Biomass product will be managed and executed by a PH.D in Chemical Engineering, from the State University. The Professor is an expert in the field of plastics manufacturing.
The overall process of managing the program will be the responsibility of Commercial Processing Services II (CPS II). Phil Hunter - CEO of CPS II will manage the technology and compliance process to meet all requirements of State/Federal agencies. The staffing and training for the pilot program will be supplemented with Veterans/Military that will be trained as a Compliance Analysts One level for employment positions in the pilot program.
The creation of new advanced technology and biodegradable products along with a Biomass fuel in the State will create a new industry and new career opportunities for state residents. The reclaiming of the coal fields will be an added value to the State by providing the potential for a cleaner overall environment.
The short term strategy is to execute a successful program in the State. The Long term strategy of the team, will be to extend the process to the additional 25 coal producing states and native American territories. CPS II with the support of private investors will develop major technology and processes for the use in this new industry for the US market. The support from the Dept of Interior with the $10B Abandoned or unused coal field fund can provide major funding for the programs.