Latest news with #Buscar
Associated Press
03-07-2025
- Business
- Associated Press
Buscar Company and Terramer, Inc. Advance Hemp Bioplastics to Combat Microplastic Pollution
Buscar Company (OTCMKTS:CGLD) BEVERLY HILLS, CA, CA, UNITED STATES, July 3, 2025 / / -- Buscar Company (OTC: CGLD), a diversified holding company focused on sustainable energy and natural resources, today affirms its commitment to addressing the global microplastic pollution crisis through its April 11, 2025, acquisition of a 50% stake in Terramer, Inc., a leader in hemp-based bioplastics, via a strategic stock-swap transaction. This partnership advances scalable, biodegradable solutions to protect ecosystems and public health, aligning with environmental priorities championed by advocates like Minister Robert F. Kennedy Jr. However, Buscar is not directly collaborating with the U.S. government. Addressing a Global Crisis Microplastic pollution poses a severe threat to ecosystems and human health. According to a 2023 UN Environment Programme report, approximately 1.2 million metric tons of microplastics enter the oceans annually from sources such as tire wear and synthetic textiles. A 2024 study by the University of California, San Diego, estimates that individuals ingest up to 200,000 microplastic particles per year through food and water, with potential links to health risks, including inflammation and antibiotic resistance. 'Hemp bioplastics offer a sustainable path to reduce microplastic pollution,' said Alexander Dekhtyar, CEO of Buscar Company. 'Our partnership with Terramer positions us to deliver innovative solutions that protect our planet and communities.' A Strategic Partnership Buscar's investment in Terramer accelerates the development of TERBO-1000, a hemp-based bioplastic that biodegrades within 180 days, according to ASTM D6400 standards, leaving no microplastic residue. Unlike petroleum-based plastics, which can last for centuries, TERBO-1000 is free of harmful additives like BPA and is suitable for packaging, food service, and industrial uses. The partnership aims to increase production and target key markets by 2026, harnessing hemp's low-water, carbon-sequestering properties. 'Terramer's technology is a game-changer for sustainable materials,' said Alex Mond, Chairman and Founder of Terramer, Inc. 'Together with Buscar, we're driving innovation to combat microplastic pollution.' Strategically Positioned for Generating Revenue Terramer Inc. has achieved significant market traction with a strong portfolio of purchase orders and letters of intent, reflecting growing demand for its innovative TERBO-1000™️ hemp-based bioplastic products. Current purchase orders include a $6,000,000 agreement with a California-based apparel brand for hemp-based parchment papers, a $621,000 order from a national packaging distributor for food containers, a $248,000 order from an Ohio-based distribution facility for additional food containers, an order from an industrial services provider for 10,000 T-shirt bags (12'x7'x22'), and a $138,000 order from a supply company for 9x9 all-black hinged clamshell containers. Additionally, Terramer has secured letters of intent, including one with a sales group for food packaging materials valued up to $80,000,000, another with the same California apparel brand for hemp-based textiles, and a third with a global quick-service restaurant chain for assorted food packaging solutions. These commitments highlight Terramer's expanding presence in the sustainable packaging and textiles markets, positioning it to capitalize on the rapidly growing bioplastics industry. Aligned with Environmental Goals The partnership between Buscar and Terramer advances the urgent demand for eco-friendly alternatives, targeting the replacement of a significant portion of the US$185.82–226.29 billion global single-use plastics market, including US$33.03–33.48 billion in the U.S., used in food packaging, restaurants, consumer goods, and agricultural films. Their innovative hemp bioplastic products aim to replace conventional plastics in these applications, aligning with global efforts to combat plastic pollution through enhanced recycling systems and bans on harmful plastics. Robert F. Kennedy Jr., U.S. Secretary of Health and Human Services, emphasized during his speech at the Chemicals of Concern Policy Summit: 'Microplastics from food and food production assembly lines and packaging don't only end up on our food, they also contaminate our soil, our water, our oceans, and from there they re-enter the food supply!' Commitment to Sustainability Buscar and Terramer are dedicated to reducing microplastic pollution through innovative, hemp-based solutions. By advancing TERBO-1000, this partnership paves the way for a sustainable economy that prioritizes environmental and public health. About Buscar Company Buscar Company (OTC: CGLD) is a diversified holding firm focused on natural resources, sustainable technologies, and pharmaceuticals. Based in Beverly Hills, California, Buscar manages Eon Discovery Inc., which handles gold mining operations in California's Plumas National Forest; Terramer Inc., a leader in hemp-based biodegradable bioplastics; and Armorgenix, a pharmaceutical innovator specializing in detoxification and antiviral solutions. Formed through a strategic evolution, including a 2020 reverse merger with Eon Discovery, Buscar aims to drive growth and increase shareholder value through innovation and diversification. Forward-Looking Statement This press release contains forward-looking statements under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, projections about the growth of the hemp bioplastics market, the expected impact of the Buscar-Terramer partnership, and the development and commercialization of TERBO-1000. Such statements are based on current expectations and assumptions. They are subject to risks and uncertainties, including regulatory challenges, market acceptance, production delays, and economic conditions, which could cause actual results to differ significantly from these projections. Buscar makes no obligation to update these statements except as required by law. For a detailed discussion of risks, please refer to Buscar's filings with the Securities and Exchange Commission. Alexander Dekhtyar Buscar Company, CEO Alexander Dekhtyar Buscar Company +1 833-539-4777 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
14-04-2025
- Business
- Yahoo
Buscar acquires 50% ownership in bioplastic technologies company Terramer
Buscar Company has acquired a 50% ownership interest in Terramer, a developer of hemp-derived bioplastics, via a structured share swap. Shares were issued to Terramer's existing stakeholders as part of the agreement, which enables both companies to align their strategic interests without cash expenditure. The share-based acquisition structure fosters long-term collaboration. It also positions both companies to focus on mutual expansion objectives. This acquisition adds Terramer's patented technology and revenue outlook to Buscar's growing portfolio. The partnership targets issues such as plastic waste and environmental degradation. Terramer produces TERBO-1000, a patented bioplastic made from hemp, which is reported to safely decompose within 180 days. The material, designed to serve as a substitute for conventional plastic products, is said to break down without leaving microplastic residue. The company operates a production site of 350,000ft² with a capacity of 300 million pounds annually. It has secured confirmed orders totalling $6.8m to date. In addition, it holds more than $80m in signed letters of intent with leading consumer brands. The two companies plan to advance development and market access for TERBO-1000. Their focus includes industries such as foodservice, automotive, and construction. The partnership supports Buscar's intention to integrate sustainability-focused ventures into its holdings. It also reflects the growing demand for alternatives to fossil-fuel-derived plastics. Buscar Company chair and CEO Alexander Dekhtyar said: 'Acquiring a significant stake in Terramer represents a transformative milestone for Buscar. '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.' With Buscar's acquisition, Terramer aims to boost production capacity and enhance its research and development capabilities to develop custom formulations. Terramer CEO Paul Leslie Smith said: 'Partnering with Buscar accelerates our mission to redefine sustainable materials. Their resources and strategic vision will help us bring TERBO-1000 to a global scale, tackling plastic pollution head-on.' "Buscar acquires 50% ownership in bioplastic technologies company Terramer" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
