Viaspace plants China Giant King Grass, leases land
January 3, 2009
BY Anna Austin
Web exclusive posted Dec. 15, 2008 at 4:23 p.m. CST
California-based Viaspace www.viaspace.comannounced Dec. 10 it has planted 1.2 million seedlings of its China Giant King Grass, which it claims is an ultra-fast growing hybrid perennial grass that has potential for use as a biofuel feedstock and an animal feed.
In November, Viaspace acquired the worldwide license to the grass, along with the acquisition of consumer product import and market Inter-Pacific Arts Corp. (Read "Viaspace acquires Inter-Pacific Arts, license to hybrid grass.") The grass is purportedly capable of growing nearly 13 feet tall in 60 days, and may yield four crops per year in tropical and subtropical climates.
Viaspace planted the seedlings near the Inter-Pacific Arts factory in the province of Guangdong, China. It also signed a 15-year lease on 100 acres of land in the city of Heyuan, China, with an option to add an additional 1,400 acres in 2009. The company intends to plant seedlings on the newly acquired land early next year.
Viaspace indicated it will market the China Giant King Grass as a feedstock for cellulosic ethanol, methanol, biocrude and green gasoline. In the next two years, the company expects to generate $20 million in revenue from sales of the grass.
California-based Viaspace www.viaspace.comannounced Dec. 10 it has planted 1.2 million seedlings of its China Giant King Grass, which it claims is an ultra-fast growing hybrid perennial grass that has potential for use as a biofuel feedstock and an animal feed.
In November, Viaspace acquired the worldwide license to the grass, along with the acquisition of consumer product import and market Inter-Pacific Arts Corp. (Read "Viaspace acquires Inter-Pacific Arts, license to hybrid grass.") The grass is purportedly capable of growing nearly 13 feet tall in 60 days, and may yield four crops per year in tropical and subtropical climates.
Viaspace planted the seedlings near the Inter-Pacific Arts factory in the province of Guangdong, China. It also signed a 15-year lease on 100 acres of land in the city of Heyuan, China, with an option to add an additional 1,400 acres in 2009. The company intends to plant seedlings on the newly acquired land early next year.
Viaspace indicated it will market the China Giant King Grass as a feedstock for cellulosic ethanol, methanol, biocrude and green gasoline. In the next two years, the company expects to generate $20 million in revenue from sales of the grass.
Advertisement
Advertisement
Advertisement
Advertisement
Upcoming Events
