PURA Plans To Disrupt $200 Billion Steel Rebar Market With Hemp Alternative In Addition To Disrupting $600 Billion Lumber Market

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) plans to disrupt the $200 billion steel rebar market and the $600 billion lumber market with a carbon-neutral hemp alternative. CEO Brian Shibley emphasized that hemp-based rebar could mitigate the corrosion risks associated with steel, potentially preventing disasters like the Surfside condominium collapse. The company is establishing a partnership in the $1.2 billion Asia Pacific hemp region to enhance its industrial hemp solutions. PURA is also constructing a facility in Farmersville, Texas, to demonstrate hemp's applications for sustainability goals.

Positive

• Plans to disrupt the $200 billion steel rebar market with a hemp alternative.
• Potential to enhance building safety by reducing corrosion risks associated with steel.
• Establishing a partnership in the $1.2 billion Asia Pacific hemp region for resource expansion.
• Construction of a new facility in Farmersville, Texas, to educate on hemp applications.

Negative

• None.

Dallas, Texas, March 08, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today revealed plans to disrupt the $200 billion steel rebar market with a hemp alternative in addition to disrupting the $600 billion lumber market.

“Steel production has a damaging carbon footprint and the potential corrosion of steel rebar can lead to building collapses,” said Brian Shibley, CEO of PURA.  “A superior hemp-based alternative can be produced with a carbon neutral impact.”

Fast Company recently published an article on the development of a hemp alternative to steel rebar.

“When a 12-story condominium building suddenly collapsed last June in Surfside, Florida, one reason was hiding deep inside the structure. Within its concrete foundation, walls, and floors was a critical but risk-prone building material: steel reinforcing bar. In the aftermath of the collapse, investigators found this material to have extensive corrosion—enough to cause the massive building to simply fall apart.”

“When combined with plant-based bioplastic, hemp rebar could be an all-natural alternative to steel rebar.” 

“Eliminating steel from concrete construction could eliminate the corrosion risk that brought down the condo in Florida. With less corrosion, the concrete in buildings and bridges could last decades longer.” 

“With climate change spurring the building industry to grapple with its high carbon footprint, reducing the use of heavily polluting materials like steel will become increasingly important.” 

Read the full Fast Company Article here on hemp as alternative to Steel Rebar.

The article goes on to discuss the current limitations of the hemp market in the U.S. with the hemp cultivation only becoming legal in 2018.

Accordingly, PURA is on track to solidify its first partnership in the $1.2 billion Asia Pacific hemp region in order to tap into richer resources that can accelerate the expansion of industrial hemp solutions.

Last year, PURA introduced its Farmersville Hemp Brand strategy to usher industrial hemp solutions into the market.

PURA is working to introduce hemp as multi-industry disruptor that can be a base of a better product or service contributing notably to the 2050 sustainability objectives. PURA recently announced a strategy targeted at disrupting the $600 billion global lumber market.

The Asia Pacific partnership is part of the company’s plan to disrupt the lumber and steel rebar markets.

PURA has initiated construction on a facility in Farmersville, Texas where the company will conduct consultative education customized for each corporate customer to hands on demonstrate how hemp can be utilized to improve the efficiency of existing products and services and meet 2050 sustainability targets.

Read the company’s latest comprehensive update on PURA’s Farmersville Hemp Brand rollout.

For more information on Puration, visit http://www.purationinc.com

Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.

For More Information Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350

FAQ

What is PURA planning to do in the steel rebar market?

PURA plans to disrupt the $200 billion steel rebar market with a carbon-neutral hemp alternative.

How does PURA's hemp alternative address construction safety?

PURA's hemp rebar could mitigate corrosion risks associated with steel, potentially preventing building disasters.

What significant partnerships is PURA pursuing?

PURA is on track to secure a partnership in the $1.2 billion Asia Pacific hemp region to enhance its industrial hemp solutions.

Where is PURA constructing a new facility?

PURA is constructing a facility in Farmersville, Texas, to demonstrate hemp applications for sustainability.