Thar Process Announces a Joint Venture Agreement with PSC Group

DENVER, Aug. 5, 2019 /PRNewswire/ -- Thar Process announced that it has entered into a Joint Venture (JV) agreement with PSC Group - a Colorado-based Seed-to-Product company - to develop a 5-ton-per-day, Certified cGMP, USDA Organic CO2 extraction / purification facility in Pueblo, CO.  The JV leverages the strength of Thar's 29 years in CO2 extraction and chromatography / purification with PSC's expertise and proven experience as a leading hemp-grower, certified seed producer and CBD-infused product developer. 

The new alliance, Thar Extractions Colorado, has already begun procuring equipment for the toll / contract processing facility. It also brings large scale processing and extraction capabilities within a 5-hour proximity to the many hemp farms in CO and KS.  Pueblo-based GM Kevin Howe expects to open the facility to processing in November.

Beginning operations in 3 months, the Thar-PSC alliance positions the companies to provide the highest quantity of sustainable, solvent-free extracts in U.S. With more than 5 tons per day of biomass extraction capacity, the facility could generate up to 750 kg per day of 'full spectrum' winterized crude using Thar's patent-pending WinterFlow^tm technology.

"Through our partnership with PSC, we have access to Western US hemp growers to keep our sustainable processing facility and its SuperFast^tm 2x1650L and Isolator SFC^tm 60 systems running around the clock" said Todd Palcic, President of Thar Process.

Added Nir Pelter, CEO of PSC:
"This hemp processing arrangement further demonstrates the upside potential of seed-to-sale industrial hemp farming. The JV provides PSC with the ability to generate a higher value from its harvest - notably from CBD-rich products such as creams, tinctures, pet foods etc...

Cannabis research firm Brightfield Group estimates that the U.S. market for hemp-derived CBD will hit USD $22 billion in 2022.

About Thar Process
Based in Pittsburgh, USA and employing more than 110 people, Thar is the global leader in industrial-scale CO2 extraction/purification technology.  Specifically focused on hemp and cannabis-related clients, Thar plans to introduce the first Certified Organic CBD Isolate by using SFC ? a CO2 Purification technology. http://tharprocess.com

About PSC Group

PSC Group is led by hemp-growing pioneers and entrepreneurs with over 25 years of experience in agriculture & six years of experience in the hemp industry. Located on a Colorado farm with offices in New York and Israel, PSC has developed and cultivated over 120 genotypes of seeds including the CDA-approved B11 industrial hemp-strain.

CONTACT: Todd Palcic, President of Thar Process, 412-968-0200, [email protected]

SOURCE Thar Process