Ford operated a successful biomass conversion plant, that included hemp, at their Iron Mountain facility in Michigan. Ford engineers extracted methanol, charcoal fuel, tar, pitch, ethyl-acetate and creosote. The difference is that the vegetable source is renewable, cheap and clean, and the petroleum or coal sources are limited, expensive and dirty. Henry Ford's experiments with methanol promised cheap, readily renewable fuel. And if you think methanol means compromise, you should know that many modern race cars run on methanol.
Hemp paper is superior to wood paper.
The first two drafts of the U.S. constitution were written on hemp paper. The final draft is on animal skin. The trees take 20 years to harvest and hemp takes a single season. In warm climates hemp can be harvested two even three times a year. It also grows in bad soil and restores the nutrients.