FORT LUPTON, Colo. – March 12, 2015 – PureVision Technology, Inc., a Colorado-based biorefinery technology developer, announced today that it has formed a subsidiary company to promote and develop industrial hemp biorefineries.

The subsidiary, PureHemp Technology LLC, has obtained exclusive rights to the PureVision biorefining technology for processing industrial hemp into traditional and never-before-produced products.

On behalf of PureHemp, PureVision is conducting a robust pre-commercialization program—using its laboratories and pilot plant and a milestone-based approach – to target a path to profitable commercial-scale hemp biorefineries.

PureVision’s patented refining technology takes in raw biomass – like corn stalks, wheat straw, or, in PureHemp’s case, industrial hemp – and produces sugars, pulp, and lignin for making hundreds of bio-products. PureVision’s process has advanced from proof of concept, to bench scale, to an operating one-half-ton-per-day continuous pilot plant at the company’s Fort Lupton headquarters.

The company has processed many different biomass feedstocks for...