This Day On The Street
Continue to site
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

VIASPACE Provides Giant King™ Grass Business Update: Part Two--Asia

IRVINE, Calif., March 14, 2012 /PRNewswire/ --  VIASPACE Inc. (OTC Bulletin Board: VSPC),  and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF) today provided a business update on recent bioenergy and pellet activities and opportunities in Asia for its proprietary dedicated energy crop Giant King Grass. On March 7, 2012, the company issued a similar update on Europe and the Americas.

CEO Dr. Carl Kukkonen reports " Asia represents a large potential market for Giant King Grass based bioenergy projects. On the pellet side -- China has restricted the use of coal in small boilers and this has led to a new Chinese domestic demand for pellets. Additionally, a new law in Korea requires the use of biomass for electricity generation and this is leading to a market for pellets. Korean utilities and fuel traders are actively seeking sources of biomass pellets, and are co-investing in pellet projects. Southern China and Southeast Asia have ideal climates to grow Giant King Grass, and the transportation distances to customers in Asia are much shorter than distances to customers in Europe. This leads to very favorable economics for pellet projects. European pellet buyers are also active in soliciting pellet supply from Southeast Asia.  VIASPACE is pursuing several pellet opportunities in Asia."

Malaysia, Thailand, Cambodia and the Philippines are actively promoting biomass power plants for electricity generation through government initiatives and feed in tariffs. A feed in tariff is a commitment from the government electrical grid to purchase biomass electricity at a specific price for a specified period of time. A feed in tariff is essentially a government guarantee to buy the electricity and this guarantee can be used to obtain equity and debt financing for the project.

Kukkonen traveled to Malaysia, Thailand and Myanmar in February where he met with current and potential partners for biomass electric power plants in these countries.  Representatives from the Philippines and Malaysia flew to California in December to meet with us.  In February, Kukkonen also met with representatives of Seema Energy who are developing a 90 MW biomass power plant in Thailand to be fueled by Giant King Grass. Kukkonen also met with Owl Energy, the power consulting company that conducted the feasibility study and developed the Request for Proposals for Engineering, Procurement and Construction (EPC) for the Seema Energy project in Thailand.  Kukkonen met with one of the EPC firms to brief them on Giant King Grass as a dedicated energy crop.

Kukkonen continued, "In Bangkok, I met with our power plant partner DP CleanTech to discuss the range of potential projects around the world utilizing their exclusive boiler technology with Giant King Grass. DP CleanTech has built 27 biomass power plants over the last six years. Their expertise is in high-temperature high-pressure power plants using straws such as Giant King Grass as fuel."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.41 -0.91%
FB $100.80 -0.20%
GOOG $677.74 -0.93%
TSLA $152.79 6.30%
YHOO $26.62 -1.80%


Chart of I:DJI
DOW 15,623.00 -291.74 -1.83%
S&P 500 1,824.11 -27.75 -1.50%
NASDAQ 4,253.1660 -30.4260 -0.71%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs