An Industrial Hemp business in the region is announcing some expansion plans.

Southern Tier Hemp says they will develop an Industrial Hemp Processing plant in the Southern Tier.

The agri-tech company says the new facility will pull together technology and expert advice to process, extract, refine and formulate products using commercial hemp. The company plans its focus on health and wellness products.

Southern Tier Hemp is also moving forward research with Binghamton University to develop hemp growing and processing in the state.

Company co-founder and CEO Michael Falcone says developing the industry has been bogged down by a lack of to-scale processing capabilities.

There’s no word on just where and when the new processing plant will open.