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VIASPACE Plants Biofuel And Animal Feed Grass
Pasadena CA (SPX) Dec 12, 2008 VIASPACE has announced that it has planted 1.2 million seedlings of its proprietary fast-growing China Giant King Grass near the IPA factory in Guangdong province in China. Giant King Grass is a natural hybrid perennial grass which is propagated from seedlings rather than seeds. In tropical and subtropical areas such as Southern China, it can yield four crops per year and up to 156 tons of grass per acre per year. VIASPACE also signed a 15 year lease on agricultural land in Heyuan city in Guangdong Province, China. The lease was signed last week in a ceremony with government officials. The lease is for 100 acres, with an option for an additional 1400 acres in 2009. VIASPACE plans to plant Giant King Grass seedlings in Heyuan early next year. China Giant King Grass was originally developed as an animal feed for cows, pigs, sheep, goats, rabbits, turkeys and fish. Animal feed provides an immediate market for the grass which is also being grown as a feedstock for production of cellulosic ethanol, methanol, biocrude and green gasoline. VIASPACE expects to generate $20 million in revenue in the next two years including the sale of grass for livestock feed and alternative fuels. Agriculture and alternative energy are two of the national priorities of China. Dr. Carl Kukkonen, CEO of VIASPACE, commented: "VIASPACE is focusing on green energy with its fuel cartridges for fuel cell powered notebook computers and mobile phones, and on China Giant King Grass as a carbon neutral alternative fuel feedstock. A major advantage of the grass is that it has an immediate market as an animal feed. We project that we can generate significant revenue and profit in the in the next year or two by selling the grass as animal feed. In parallel, we are building capability to grow large amounts of grass for production of nonfood crop cellulosic alternative green fuels." VIASPACE recently acquired Inter-Pacific Arts Corp., a company with ongoing profitable operations generating unaudited 2007 revenues of approximately $5 million, net income of $1.2 million, and $3 million in cash and equivalents. Inter-Pacific has a worldwide license to grow and sell the ultra-fast-growing hybrid grass in addition to its already profitable consumer products business. Related Links VIASPACE Bio Fuel Technology and Application News
Continental Airlines Will Start 2009 With Flight Powered By Biofuels
Houston TX (SPX) Dec 12, 2008Continental Airlines has announced plans for the first biofuel-powered demonstration flight of a U.S. commercial airliner, to be conducted in Houston on Jan. 7, 2009. |
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