VIASPACE Giant King Grass Energy Crop Growing in Hawaii
14 Enero 2013 - 6:30AM
Marketwired
VIASPACE Inc. (OTCQB: VSPC) today announced that its proprietary
dedicated energy crop, Giant King™ Grass (GKG), is now growing in
Hawaii.
VIASPACE CEO Dr. Carl Kukkonen stated, "Hawaii has the highest
electricity rates of any US state because their electricity is
mostly generated from expensive imported oil. Hawaii's electric
rates range from $.30 - $.40 per kilowatt hour depending on the
cost of oil. This is two or three times the cost of electricity on
the US mainland. Bioelectricity from Giant King Grass is
substantially cheaper than oil generated electricity and has much
lower carbon emissions. In addition, the large military presence on
Hawaii has requirements for liquid biofuels for aircraft and ships.
We believe that Hawaii should be an important part of the VIASPACE
US strategy."
Previously, VIASPACE announced that Giant King Grass has been
released from quarantine by the US Department of Agriculture Animal
and Plant Health Inspection Service (APHIS) for distribution in the
United States. Hawaii, however, has additional plant import rules,
and the Giant King Grass is being grown in a facility under the
purview of the Hawaii Department of Agriculture.
Dr. Kukkonen personally supervised the planting in Hawaii and
met with Department of Agriculture officials as well as with
potential Giant King Grass customers in Hawaii. Kukkonen continued,
"The climate in Hawaii is ideal for Giant King Grass. There are
substantial tracts of land available on different Hawaiian Islands
that were previously used to grow sugarcane and pineapple. These
are lying fallow now and can be used for energy crop
production.
"Giant King Grass can also become an important part of the
tourism industry which is crucial for Hawaii's economy. Not only
can Giant King Grass provide clean electricity for hotels and
resorts, visiting the Giant King Grass plantations and co-located
green power plants can become one of the island's tourist
attractions like visits to the sugar and pineapple plantations.
Giant King Grass could become the source of electricity for the
entire island of Lanai -- recently purchased by Oracle CEO Larry
Ellison -- and make it one of the world's first green resort
destinations. This concept is not unique to Hawaii and applies to
many islands and nations with tropical climates that depend on oil
for their electricity. For these applications, Giant King Grass
generated electricity is significantly cheaper, continuously
renewable and green."
VIASPACE Board Chairman Dr. Kevin Schewe added: "The Giant King
Grass now growing in Hawaii was provided by the VIASPACE nursery in
California. We have recently shipped GKG seedlings from California
for projects with three other customers and Dr. Kukkonen is
currently out of the country and personally supervising planting of
GKG with one of these new customers. We are anxious to announce
these projects and are respecting our clients' internal timelines
and needs in this regard. We have graduated from an R&D company
and are busy executing our business strategy on a global
scale."
About VIASPACE Inc. VIASPACE grows
renewable Giant King™ 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.
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 800-517-8050
IR@VIASPACE.com
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