Giant King Grass to Biogas Electricity Paper Presented at International Biomass Conference Tibbar Energy Project on St. Croix Cited as an Example, VIASPACE Chairman Comments and Gives Update
WALNUT, Calif., May 6, 2013 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) and Renew Energy of Svendborg, Denmark presented a paper entitled "Giant King Grass to Biogas" at the International Biomass Conference held in Minneapolis Minnesota in April. The conference is the largest biomass event in North America. Mr. Morten Jacobsen of Renew Energy made the presentation which is available on the VIASPACE website at www.VIASPACE.com, and a narrated version is available at https://vimeo.com/63390267. Renew Energy is a Danish engineering services company specializing in biogas plants and bio refineries integrated with ethanol plants, distilleries and other industrial plants. Mr. Jacobsen stated that "the presentation went very well and there was a good response from the audience."
Renew Energy is providing engineering support for the Tibbar Energy 7 MW anaerobic digestion power plant project on St. Croix, US Virgin Islands, which will be fueled by Giant King Grass. The presentation describes the overall biogas system and uses the St. Croix, Tibbar Energy/VIASPACE project as an example. Renew Energy and VIASPACE are now working together to develop and support biogas projects fueled by Giant King Grass.
VIASPACE Chairman, Dr. Kevin Schewe, commented: "Our relationship with Renew Energy and the Tibbar Energy 7MW anaerobic digestion power plant fueled by our proprietary Giant King Grass on St. Croix are gaining global attention and we are grateful to Mr. Jacobsen for the excellent presentation that he recently made at the International Biomass Conference and Expo in Minneapolis. The Giant King Grass fueled power plant on St. Croix will be a superb, renewable, green energy model that can be replicated on any tropical island to provide electricity 24 hours per day. We are excited to be leading the way in that significant and important market segment."
Dr. Schewe continued, "Over the next several weeks, we will be announcing our progress in Nicaragua with Grain Hill/Agricorp, a project in Southeast Asia, and updates regarding our ongoing project in South Africa and our status with Giant King Grass in Hawaii. I have recently spoken to our Director of Communications, Dr. Jan Vandersande, and to several VIASPACE shareholders regarding questions about the Company's status of current and future revenues. My answers are consistent. We became a stand-alone Company effective October 1, 2012, and our current revenues come from initial project development of Giant King Grass test plots in the various countries of our customers. Our future revenues will come from our recurring licensing fees as Giant King Grass is continually harvested at our project sites and used in actual applications (EG: Tibbar Energy/St. Croix) as well as from the sale of electricity in projects that we expect to have an equity interest in the power plant (EG: Agricorp/Nicaragua). Our business model is structured to create significant and recurring green energy revenues as a global company and generate profits for our shareholders."
About VIASPACE Inc.
VIASPACE grows renewable Giant King™ Grass as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield, dedicated biomass clean energy crop that does not compete with or displace food production. For more information, please go to www.VIASPACE.com or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or IR@VIASPACE.com.
Safe Harbor Statement
Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Such factors include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2012, and other factors over which VIASPACE has little or no control.
SOURCE VIASPACE Inc.