VIASPACE, Inc. (VSPC.OB) Announces Expansion of Giant King(TM) Grass Production Capacity
QualityStocks (November 19th, 2009) Writes:
VIASPACE Inc., a clean energy company growing Giant King(TM) Grass as a low-carbon, renewable energy crop, announced that it has leased an additional 136 acres in Guangdong Province, China. The new acreage has already been planted with Giant King Grass.
With 250 acres now under cultivation, VIASPACE is in negotiations to acquire more land. The current acreage is expected to support immediate needs for prototypes, demonstrations to potential customers and joint venture partners, and initial demand for products, such as energy pellets. Over the next several quarters, the acreage will also serve as a nursery and source of seedlings for planting on additional land.
Due to the fast-growing nature of Giant King Grass and the company’s plans to propagate seedlings that could result in geometric increases in plantings, VIASPACE believes it can support the development of up to 25,000 planted acres. Included in
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