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 Progress In Nicaragua: Plantation Expansion & New Animal Feed Business

Stocks in this article: VSPC

WALNUT, Calif., Feb. 4, 2014 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) issued the following update on the Giant King Grass project in Nicaragua. 

VIASPACE previously announced that it has entered into a contract with AGRICORP, the largest rice company in Nicaragua, and is growing Giant King Grass on land owned by them.  The Giant King Grass is growing well in Nicaragua, and VIASPACE and AGRICORP have agreed to form a partnership to build a 12 MW biomass power plant fueled by Giant King Grass.

In addition to the 12 MW biomass power plant partnership, VIASPACE and AGRICORP have now decided to add animal feed as a second focus to the overall business project in Nicaragua.

VIASPACE CEO, Dr. Carl Kukkonen, visited Nicaragua last week. He spent three days at the Giant King Grass growing site which is part of the Miramontes rice plantation on Lake Nicaragua. The 10,000 acre plantation has approximately 6,000 acres planted in rice and the remaining 4,000 acres are available for growing Giant King Grass. The 12 MW power plant will require a 2,100 acre Giant King Grass plantation. Irrigation is plentiful and is provided from Lake Nicaragua to supplement the natural rainfall.

Giant King Grass was originally planted in Nicaragua in December 2012. It was first harvested in May 2013, and another Giant King Grass field was planted using material propagated from this first harvest. Giant King Grass is not grown from seed, but rather from cuttings similar to the way sugarcane is propagated and planted.

The existing Giant King Grass is being harvested and an additional 29 acres are being planted. The multiplication efficiency of Giant King Grass is extremely high with 1 acre of Giant King Grass able to produce enough cuttings to plant more than 100 new acres every six months.

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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