Kelowna, BC – September 20, 2021 – INCA Renewable Technologies, (www.incarenewtech.com) manufacturer of natural fibre composites, today announced the company’s lead product, INCA BioPanels will reduce carbon emissions by 76%, waste production by 89% and water consumption by 82% compared to the lauan rainforest plywood currently used by recreational vehicle (RV), furniture and motion picture industries. The results were published in a Product Life Cycle Analysis conducted by GreenStep Solutions, an independent research and certification organization (www.greenstep.ca).
INCA’s Chairman and CEO, David Saltman said, “We believe economic performance, social responsibility and environmental integrity are metrics of success. We’re encouraged that this important research study affirms the value of our innovative products in combating climate change.”
The findings were part of an in-depth research analysis focused on carbon emissions, water consumption and waste for six of the hemp-based products the company will be producing versus conventional alternatives.
The research study was conducted by GreenStep Solutions, a Certified B Corporation that has utilized the Greenhouse Gas Protocol Product Life Cycle Accounting and Reporting Standard to help more than 3,000 private, public, non-profit and academic institutions to understand the full impact of their operations along the entire lifecycle.
Other key takeaways from the study included:
- 1 cubic foot of INCA’s BioPlastics when compounded with recycled polypropylene will reduce carbon emissions by 91% and water consumption by 59% compared to glass fiber reinforced plastics (GRP).
- 1 cubic foot of INCA’s BioPlastics when compounded with polylactic acid (PLA) resin will reduce carbon emissions by 23%, waste production by 68% and water consumption by 18%.
- 1 week of INCA’s BioBedding for horses will reduce carbon emissions by 323% versus wood chips
The GreenStep research study included consideration of formulations, raw material extraction and processing, energy and water inputs, product manufacturing, and fuel consumption at each stage of the process including downstream transportation and distribution.
The impact of Industrial hemp farming, which has been shown in multiple studies to capture eight to fifteen tonnes of CO2 per hectare of cultivation, was not considered. Nor were packaging, subsequent manufacturing, distribution and storage or end-of-life. INCA’s BioPlastics with polylactic acid resin will be recyclable, biodegradable and compostable. INCA’s BioBedding will be biodegradable and compostable.
In early September, INCA closed a Series A financing of $4.5M CDN from private investors. In August, INCA announced it had secured the land to build a large-scale manufacturing facility in Elkhart County, Indiana that will process thousands of tons of hemp fiber into high performance bio-composite panels and pellets for the transportation, consumer plastics and building materials industries. INCA also announced an exclusive sales agreement to produce bio-panels for RVs and trucks with Genesis Products, which provides design and engineering, advanced materials expertise and manufacturing facilities to Fortune 200 companies in the RV, building materials, transportation and furniture industries.
About INCA Renewtech Inc.
INCA Renewtech is forging a new path to global leadership in natural fibre composites. Leveraging our globally recognized expertise in plant genomics, hemp cultivation, fibre processing and composites manufacturing, we will deliver high performance materials to the transportation, consumer products and building materials industries. Our bio-composite products will sequester carbon, reduce deforestation, plastics pollution and GHG emissions while delivering stronger, lighter, cost-competitive solutions to our customers. More information about INCA is available at www.incarenewtech.com
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