Heartland Industries in Detroit and Dallas-based Climate Commodities International have created a partnership designed to usher in the next generation of climate-smart commodities including industrial hemp.
Heartland is a bio-industrial company that engineers hemp fibers as additives for plastics. Its team is creating the infrastructure to help manufacturers lower their carbon footprint. Sustainability mandates are driving manufacturers to find lower-carbon-footprint alternatives to the raw materials they have relied on for decades. Today, Heartland says it is focused on commoditizing high-performance carbon-negative plastic additives.
Climate Commodities, a trading, logistics, transportation, and commercialization services firm, has multi-generational expertise working with all different types of commodities. Its team has experience de-risking and developing entirely new asset classes to drive global adoption. Specifically, Climate Commodities has built a group of stakeholders who have decades of experience commoditizing and trading climate-smart assets.
Together, the companies say they are “creatively applying their combined expertise to develop a new type of asset class that clients, banks, and investors can safely participate in.”
This partnership is the first step on the path toward creating the next generation of climate-smart commodities. The leaders at Climate Commodities and Heartland say they believe it is their responsibility to lay the groundwork for 21st century manufacturing by ensuring that companies have access to the carbon-negative materials necessary to drive sustainable material innovation.
“With an understanding of the complexities of new raw material supply chains, and traditional commodity markets, Climate Commodities and Heartland are unlocking mass-market adoption of carbon-negative materials that can be used in manufacturing,” said the companies in a joint statement.
Climate Commodities and Heartland say they have pinpointed this bottleneck as an opportunity to unlock the global adoption of industrial hemp. They have begun to identify and mitigate commodity risks by standardizing best practices, insurance instruments, and other tools that helped birth the traditional commodities people rely on every day. Their intention is to create an investable, climate-smart asset class that can decarbonize the planet.
Read More: Detroit’s Heartland Industries Partners to Turn Industrial Hemp into a New Asset