This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

VIASPACE CEO Met With Potential Customers And Partners In Korea And Made An Invited Presentation On Giant King Grass At Biomass Pellets Trade Asia Conference

Stocks in this article: VGREF VSPC

IRVINE, Calif., Sept. 13, 2011 /PRNewswire/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company growing Giant King™ Grass as a low-carbon, renewable biomass crop and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF), today announced that chief executive Dr. Carl Kukkonen was in Korea September 5 – 10 where he met with potential customers and business partners and made an invited presentation at the 2nd Biomass Pellets Trade Asia conference held in Seoul, Korea September 7-8, 2011. Dr. Kukkonen's presentation was entitled "Wood Pellets or Agricultural Pellets - Pluses and Minuses" and compared the technical issues, pellet availability and cost of wood pellets and agricultural pellets such as those made from Giant King Grass.  The presentation is available on the VIASPACE website www.VIASPACE.com.

The Biomass Pellets Trade Asia conference covered the pellet demand in North Asia, supply outlook and government policy drivers for the use of pellets-- particularly in South Korea and Japan. Attendance was 130 people from Korea, Japan, Singapore, Indonesia, Malaysia, Thailand, Myanmar, China, Australia, New Zealand, Europe, Canada, and the US.

During the trip, Kukkonen met with pellet equipment manufacturers and with potential customers from Korea, Japan and Europe and with potential pellet production partners in several countries.

Kukkonen noted that the price for wood pellets delivered in Europe is $186 per metric ton. The conclusions from his presentation are given below:

  • Global pellet demand is rising quickly from 16M metric tons/year to a projected 46M tons in 2020
  • Wood pellets are the best technical alternative to coal but wood pellet supply is limited
  • Sustainability requirements mean that rain forests should not be cut down in order to make wood pellets
  • When the global economy recovers, the demand for wood waste for construction materials will increase, and wood pellet prices will rise
  • As pellet demand increases, agricultural pellets, especially pellets from dedicated, sustainably grown energy crops will be in great demand
  • Long-term contracts for pellets made from dedicated energy crop pellets will be attractive for customers
  • Giant King Grass pellets will be the lowest cost  because of high yield, year round production and simple logistics due to co-location of the plantation and pellet mill
  • VIASPACE and JV partner are developing a 400,000 mt/y Giant King Grass plantation and pellet mill in Dominican Republic for European market
  • VIASPACE is examining opportunities to grow & pelletize Giant King Grass in Southeast Asia for the Asian market

Previously VIASPACE provided test results of Giant King Grass energy pellets by the Korea Forest Research Institute (KFRI) which conducts pellet testing and is developing pellet standards for Korea.  KFRI determined the energy content of Giant King Grass pellets to be 4450 kilocalories per dry kilogram. This is excellent and equal to 18.6 MJ per kilogram (metric units) or 7997 BTU per pound (British units).

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs