The mechanical and structural properties of novel melt processed poly-ethylene terephthalate (PET)-hemp fiber composites for engineering applications were investigated. First, four reinforcement formulations were compared with the PET modified with poly-epsilon-caprolactone: hemp, Clay/hemp, pyromellitic dianhydride/hemp and glycidyl methacrylate/hemp. Next, the effect of hemp fibers concentration as well as the effect of heat treatment was analyzed. A significant difference was observed in the mechanical and structural properties of the composites. Moreover, we observed a good fiber–matrix interface without the use of a coupling agent, particularly in the absence of additives. Our data suggest that a careful trade-off between the additives, the hemp fiber concentration and the desired engineering applications is key requirement for the applications of high melting polymers-reinforced with natural fibers.