INCA Renewtech announces $204,534 grant from Alberta Innovates to complete development and conduct consumer line trials for hemp-based advanced composites.

Hemp processing and advanced manufacturing plant for automotive, marine, wind energy and consumer products industries to be located in Alberta, Canada

KELOWNA, British Columbia — Today INCA Renewable Technologies announced that it has been approved for a $202,534 grant from Alberta Innovates Agri-food and Bioindustrial Innovation Program to complete development of the Company’s novel hemp-based bio-composites and conduct line trials at Toyota and automotive Tier 1 suppliers. The funding is part of the Government of Alberta’s commitment to expand support of agricultural products for food as well as feedstock for industry.

According to David Saltman, Chairman and CEO of INCA Renewtech, “This funding from Alberta  Innovates will enable us to refine hemp fiber at the Innotech Alberta laboratory, to produce several thousand pounds of INCA BioPlastics, and then conduct full scale line trials of our products with Toyota and a number of other automotive customers. By replacing glass reinforced plastics with natural fiber composites we will enable our industrial partners to produce stronger and lighter products . Our customers will also be able to reduce costs by recycling trim waste and produce recyclable end products. That means reducing landfill waste for communities and sequestering carbon forever.”

INCA will be the first to vertically integrate composites manufacturing in North America. Its proposed operation in Vegreville, AB will purchase hemp biomass from farmers growing the cultivar for plant-based protein, refine this renewable resource, and produce advanced composites for the automotive and other industries. This secondary income for farmers and will help make hemp one of the most profitable cash crops in the Canadian Prairie and expand utilization of the hemp cultivar. INCA will also create high paying manufacturing jobs and valuable export opportunities for the province.

According to Scott Oppliger, Principal Engineer at Toyota Motor Manufacturing and Engineering, “The shift towards environmentally friendly materials is crucial in our efforts to reduce our carbon footprints and mitigate climate change. INCA’s injection and extrusion grade pellets not only promise enhanced physical properties in finished products but also significantly improve CO2 equivalent emissions.”

ABOUT INCA RENEWTECH

INCA Renewable Technologies is a globally recognized leader in natural fiber composites. The Company will transform Canadian hemp fiber into advanced materials for the automotive, marine, wind energy and consumer products industries. INCA’s products will replace glass reinforced plastics and timber products, enabling manufacturers to produce stronger, lighter, less expensive, and far more sustainable products of their own. The Company has developed and patented its products and secured commercialization partners. It plans to build the world’s first vertically integrated fiber processing and composites manufacturing facility in Vegreville, AB and expects to be operational in the second quarter of 2026.