Terramer has developed TERBO-1000, a proprietary hemp-based bioplastic that is 100% biodegradable within 180 days and leaves no microplastic residue. The company operates a 350,000 sq. ft. production facility capable of producing 300 million pounds annually. It also has $6.8 million in agreed purchase orders and over $80 million in signed letters of intent from the major household brands.
Buscar and Terramer plan to accelerate the development and commercialization of TERBO-1000, leveraging industrial hemp to produce scalable, compostable plastics for industries including packaging, food service, automotive, and construction.
“Acquiring a significant stake in Terramer represents a transformative milestone for Buscar,” said Alexander Dekhtyar, CEO and Chairman of Buscar Company. “By combining Terramer’s groundbreaking bioplastic technology with our financial and operational strengths, we’re positioned to lead the charge in eliminating microplastic pollution while delivering value to shareholders and the planet.”