Buscar Company acquires 50% of hemp-based bioplastics company

In California, Buscar Company recently announced the acquisition of a 50% stake in Terramer, Inc., a pioneer in hemp-based bioplastics, through a strategic stock swap transaction. This move marks a significant step in Buscar’s diversification strategy, blending its expertise in resource development with cutting-edge green technology to address the global plastic pollution crisis.

Terramer, Inc. is the developer of TERBO-1000, a proprietary hemp-based bioplastic that is 100% biodegradable within 180 days and leaves no microplastic residue. With a 350,000 sq. ft. production facility capable of producing 300 million pounds annually, Terramer is poised to disrupt the $44 billion bioplastics market. The company has already secured $6.8 million in agreed purchase orders and over $80 million in signed letters of intent (LOIs) from the major household brands.