VIASPACE Giant KingTM Grass Featured in Front-Page Story in St. Croix Newspaper
03 Dicembre 2012 - 2:47PM
A front-page article in the St. Croix Avis newspaper on Thursday,
November 29, 2012, had the headline "Energy Crop -- Company growing
Giant King Grass to produce renewable power on STX (St. Croix )".
The article stated, "Tibbar Energy USVI LLC is one step closer to
developing a 6 MW power-producing facility on St. Croix after
successfully planting its first batch of Giant King Grass along the
South Shore to be used as a renewable energy crop to create
electricity."
VIASPACE Inc. (OTCQB:VSPC) "which holds exclusive rights to
Giant King Grass, globally markets the crop as a low carbon,
renewable replacement for coal to generate electricity and heat and
as a nonfood feedstock for second-generation liquid biofuels to
replace fossil fuels such as gasoline and diesel fuel." Previously
it was announced that the Giant King Grass planting was part of a
planned 1,000 acre Giant King Grass plantation. The Giant King
Grass was sent by VIASPACE to St. Croix from its California growing
site.
The Avis article continued, "As Tibbar Energy begins growing
Giant King Grass, it will also meet with the Public Services
Commission in December. Tibbar Energy filed an application with the
PSC October 4 for certification as a qualified facility for small
power generation". Tibbar CEO Tania Tomyn and her brother Mark said
"getting approval is a routine procedure. We expect to be approved
before the end of the year."
"Karl Knight, director of the Virgin Islands Energy Office, told
the Avis in October that Tibbar Energy's project fits into the
government's clean energy roadmap, adding the project would satisfy
part of the territory's goal to reduce its dependence on fossil
fuels by 60% by 2025." He said Tibbar Energy's 6 MW facility could
power 20% of the St. Croix 30 MW baseload, adding that this is a
significant portion of the island's power generation.
The St. Croix Avis article included a picture of Giant King
Grass 57 days after planting in St. Croix. The growth is very
vigorous and the plants are 40 inches tall. If the photos are not
displayed, click on these links
http://www.pricetargetmedia.com/images/tibbarenergy_king_grass_sign.jpg
and
http://www.pricetargetmedia.com/giant_king_grass_planting_st_croix.jpg.
The 20 year Tibbar project is slated to be underway in 2013,
fully on-line by the first quarter 2014 and will generate over 20
full time jobs with a total projected economic benefit of $150
million (over the life of the project) to the community through its
agricultural and power generation components.
VIASPACE CEO Dr. Carl Kukkonen commented, "Now that Giant King
Grass is being targeted for real energy projects, we are achieving
the kind of recognition that we believe the company deserves. A
power plant (or bio refinery) co-located with a Giant King Grass
plantation that provides the fuel or feedstock is a fully scalable
unit that can be replicated many times throughout the world.
VIASPACE is working on developing projects in more than six
different countries."
About VIASPACE Inc.
VIASPACE grows renewable Giant KingTM 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.
The VIASPACE Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15154
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, 2011, and other factors over which VIASPACE
has little or no control.
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.
This information was brought to you by Cision
http://www.cisionwire.com
http://www.cisionwire.com/viaspace-inc-/r/viaspace-giant-kingtm-grass-featured-in-front-page-story-in-st--croix-newspaper,c9343011
The following pictures are available for download:
[Image] |
Giant King Grass |
[Image] |
Giant King Grass is coming |
Grafico Azioni Viaspace (CE) (USOTC:VSPC)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Viaspace (CE) (USOTC:VSPC)
Storico
Da Set 2023 a Set 2024