One World Products, Inc. (OTCQB: OWPC) and Los Gatos Tomato Products announced their intention to enter into a strategic collaboration to expand AgriBlend, the Company’s agricultural biomaterials platform, through the development of advanced engineered materials utilizing renewable agricultural feedstocks. The companies have agreed in principle to establish a strategic joint venture that combines Los Gatos Tomato Products' agricultural expertise, renewable feedstock resources, and processing capabilities with One World Products' advanced materials engineering, compounding, manufacturing, and commercialization capabilities.
This collaboration represents a further step in the Company’s long-term strategy of transforming recycled and renewable resources into advanced engineered materials serving the automotive, infrastructure, agriculture, packaging, logistics, industrial, and consumer markets. The AgriBlend platform currently encompasses work with tomato pomace, almond byproducts, rice hulls, corn fiber, soy fiber, jute, and agricultural cellulose feedstocks. The companies also intend to evaluate additional renewable agricultural feedstocks as the platform expands.
One World Products previously commercialized hemp-based biocomposite materials, including reusable industrial containers, while developing advanced engineered compounds for automotive and industrial applications. The Company’s intended expansion of AgriBlend reflects its continuing strategy of broadening renewable feedstock capabilities across multiple agricultural resources. Today, the Company’s advanced sustainable materials portfolio includes EcoBlend, AgriBlend, advanced polypropylene compounds, natural fiber composite technologies, recycled rubber material technologies, cellulose-based material technologies, and circular economy material solutions.
“Our objective is to build a platform company that transforms recycled and renewable resources into high-performance engineered solutions for the world’s largest industries,” said Isiah Thomas, Chairman and Chief Executive Officer of One World Products. “For years, we have demonstrated that renewable feedstocks can perform in demanding commercial applications. Beginning with hemp-based biocomposites and expanding through EcoBlend, we have steadily broadened our capabilities into agricultural biomaterials, natural fibers, recycled rubber, and cellulose-based technologies. Our intended collaboration with Los Gatos Tomatoes significantly expands AgriBlend by adding new renewable feedstocks and strengthening our ability to develop innovative material solutions for customers across multiple industries.”
Dan Green, President and Chief Executive Officer of Los Gatos Tomato Products, said, “Los Gatos Tomato Products has always believed innovation creates opportunity. This proposed collaboration enables us to create additional value from tomato pomace and agricultural resources while partnering with an organization that shares our commitment to sustainability, advanced materials, and long-term commercial growth. Together, we believe we can develop innovative products that benefit agriculture, industry, and the environment.”
Beyond product development, the companies intend to collaborate on research, manufacturing, commercialization, and future technology development while evaluating additional agricultural feedstocks and engineered material applications. Additional information regarding the proposed joint venture and related commercial initiatives will be announced following completion of definitive agreements.
For more information about One World Products, visit https://www.oneworldproducts.com. The original press release is available at https://www.newmediawire.com.
