St. Croix Newspaper Features VIASPACE, Inc. (VSPC) Giant King Grass in Front-Page Story

Today, shortly before the opening bell, VIASAPCE announced that a front-page article with the headline “Energy Crop — Company growing Giant King Grass to produce renewable power on STX (St. Croix)” was published in the St. Croix Avis newspaper four days ago. The article stated, “Tibbar Energy USVI LLC is one step closer to developing a 6 MW power-producing facility on St. Croix after successfully planting its first batch of Giant King Grass along the South Shore to be used as a renewable energy crop to create electricity.”

VIASPACE holds exclusive rights to Giant King Grass and globally markets the crop as a low carbon, renewable replacement for coal to generate electricity and heat and as a nonfood feedstock for second-generation liquid biofuels. The Giant King Grass planting is part of a planned 1,000 acre Giant King Grass plantation. VIASPACE sent Giant King Grass to St. Croix from its California growing site.

“As Tibbar Energy begins growing Giant King Grass, it will also meet with the Public Services Commission in December,” the article said. “Tibbar Energy filed an application with the PSC October 4 for certification as a qualified facility for small power generation”. Tibbar CEO Tania Tomyn and her brother Mark said “getting approval is a routine procedure. We expect to be approved before the end of the year.”

The director of the Virgin Islands Energy Office told the Avis newspaper in October that Tibbar Energy’s project fits into the government’s clean energy roadmap, adding the project would meet part of the territory’s goal to reduce its dependence on fossil fuels by 60% by 2025. According to that director, Tibbar Energy’s 6 MW facility could power 20% of the St. Croix 30 MW baseload.

The article published last week included a picture of Giant King Grass 57 days after planting in St. Croix. Following the rapid growth expected of this crop, plants are now 40 inches tall. To see the grass for yourself, visit the following links: http://www.pricetargetmedia.com/images/tibbarenergy_king_grass_sign.jpg and http://www.pricetargetmedia.com/giant_king_grass_planting_st_croix.jpg.

The 20-year Tibbar project should be fully on-line by the first quarter 2014, generating more than 20 full-time jobs with a total projected economic benefit of $150 million (over the life of the project) to the community through its agricultural and power generation components.

VIASPACE CEO Dr. Carl Kukkonen commented, “Now that Giant King Grass is being targeted for real energy projects, we are achieving the kind of recognition that we believe the company deserves. A power plant (or bio refinery) co-located with a Giant King Grass plantation that provides the fuel or feedstock is a fully scalable unit that can be replicated many times throughout the world. VIASPACE is working on developing projects in more than six different countries.”

For more information, visit www.viaspace.com

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