Today it was reported that VIASPACE and Renew Energy of Svendborg, Denmark, presented a paper entitled “Giant King Grass to Biogas” at the International Biomass Conference held in Minneapolis Minnesota in April. The conference is the largest biomass event in North America.
Mr. Morten Jacobsen of Renew Energy made the presentation which is available on the VIASPACE website at www.VIASPACE.com, and a narrated version is available at https://vimeo.com/63390267. Renew Energy is a Danish engineering services company specializing in biogas plants and bio refineries integrated with ethanol plants, distilleries and other industrial plants. According to Mr. Jacobsen, the presentation went very well and there was a good response from the audience.
Renew Energy is providing engineering support for the Tibbar Energy 7 MW anaerobic digestion power plant project on St. Croix, US Virgin Islands, which will be fueled by Giant King Grass. The presentation describes the overall biogas system and uses the St. Croix, Tibbar Energy/VIASPACE project as an example. Renew Energy and VIASPACE are now working together to develop and support biogas projects fueled by Giant King Grass.
VIASPACE Chairman, Dr. Kevin Schewe, commented, “Our relationship with Renew Energy and the Tibbar Energy 7MW anaerobic digestion power plant fueled by our proprietary Giant King Grass on St. Croix are gaining global attention and we are grateful to Mr. Jacobsen for the excellent presentation that he recently made at the International Biomass Conference and Expo in Minneapolis. The Giant King Grass fueled power plant on St. Croix will be a superb, renewable, green energy model that can be replicated on any tropical island to provide electricity 24 hours per day. We are excited to be leading the way in that significant and important market segment.”
“Over the next several weeks, we will be announcing our progress in Nicaragua with Grain Hill/Agricorp, a project in Southeast Asia, and updates regarding our ongoing project in South Africa and our status with Giant King Grass in Hawaii,” Dr. Schewe continued. “I have recently spoken to our Director of Communications, Dr. Jan Vandersande, and to several VIASPACE shareholders regarding questions about the Company’s status of current and future revenues. My answers are consistent. We became a stand-alone Company effective October 1, 2012, and our current revenues come from initial project development of Giant King Grass test plots in the various countries of our customers. Our future revenues will come from our recurring licensing fees as Giant King Grass is continually harvested at our project sites and used in actual applications (EG: Tibbar Energy/St. Croix) as well as from the sale of electricity in projects that we expect to have an equity interest in the power plant (EG: Agricorp/Nicaragua). Our business model is structured to create significant and recurring green energy revenues as a global company and generate profits for our shareholders.”
For more information, visit www.VIASPACE.com
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