IRVINE, Calif., Nov. 16, 2010 /PRNewswire/ -- VIASPACE Inc. (OTC Bulletin Board:VSPC.ob - News), announced that its renewable energy subsidiary, VIASPACE Green Energy Inc. (OTC Bulletin Board:VGREF.ob - News), launched its new website focusing on Giant King Grass. The website can be accessed at www.viaspacegreenenergy.com or www.vgref.com or through www.VIASPACE.com.
Chief Executive Dr. Carl Kukkonen commented, "The new website is designed to answer many customer and investor requests for information about what Giant King Grass can do; what are its applications; and its advantages over other energy crops. We worked to present all of this information in one easily accessible website. We also have additional detailed technical information and test results that are available to qualified potential customers under confidentiality agreements."
The website covers the VIASPACE Green Energy business plan and strategy, the role of biomass in renewable energy, the characteristics of Giant King Grass including its extremely high yield and excellent energy content. Giant King Grass is a tropical and subtropical perennial grass that yields 45 dry tons per acre with energy content of 7900 BTU per pound. Giant King Grass has much higher yield than other energy crops, and therefore can be produced at much lower cost. It is not a food crop, and can be grown on marginal land that is not being used for agriculture today. Giant King Grass can be sustainably grown and does not sacrifice food for fuel. It is low carbon-- nearly carbon neutral--and renewable.
VIASPACE Green Energy's website explains the multiple applications for Giant King Grass including fuel for biomass power plants, and feedstock for biomass pellets, cellulosic liquid biofuels, and bio-methane. Kukkonen stated, "We want to show people how diverse Giant King Grass is by explaining its many applications, and how much more advantageous it is to use Giant King Grass in producing energy compared to other energy crops out there."
The website also features VIASPACE Green Energy's first commercial product, the Green Log™ campfire and fireplace logs. The first container of the Green Log will be arriving in the US later this week.
VIASPACE Green Energy is a majority owned (75.7%) subsidiary of VIASPACE Inc. Both companies are publicly listed on the OTC Bulletin Board. VIASPACE (VSPC) has been listed and fully reporting to the SEC since June 2005. VIASPACE Green Energy (VGREF) has been listed and reporting since January 2010 and the company is awaiting approval of electronic clearing by the Depository Trust Company (DTC). Shares in VGREF can be traded now without electronic clearing but this could be more costly. VIASPACE shares are electronically cleared by DTC. VIASPACE Green Energy currently has 8,600,000 shares issued and outstanding.
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- New VIASPACE Green Energy Inc. Website - PR Newswire
- VIASPACE Reports Financial Results for Third-Quarter 2010 - PR Newswire
- VIASPACE INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits - EDGAR Online
- VIASPACE INC. Files SEC form 10-Q, Quarterly Report - EDGAR Online
- VIASPACE GREEN ENERGY INC. Files SEC form 10-Q, Quarterly Report - EDGAR Online
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