Belgian hemp block maker IsoHemp said it has raised nearly €7 million to build a new high-tech factory, as the company sees demand rising for its pre-formed building materials.

Planned for construction on a 2-hectare site, the factory is expected to go online in 2021. IsoHemp, which sources hemp and lime from local suppliers, said it will be able to raise production from 1 million to 5 million blocks per year to meet increasing demand. The company said growing enthusiasm for its products among builders and companies doing renovations has led to a doubling of its turnover year to year since startup eight years ago.

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