VIASPACE Inc. to Increase Production of Renewable Low-Carbon Energy Source
Role as Resource Supplier to Biofuels Market Part of Growth Strategy in Alternative Energy
VIASPACE holds a worldwide license to grow and cultivate Giant King Grass, a perennial fast-growing plant that can be harvested four times a year. In
VIASPACE Chief Executive
Kukkonen commented: “We see this renewable energy segment of our business as an opportunity to participate in the expected growth of cellulosic biofuels as an environmentally friendly, non-petroleum source of energy. As an indicator of this growth potential, BP p.l.c. (formerly British Petroleum) recently announced plans to build a cellulosic ethanol plant in
Kukkonen added that the trend to cellulosic biofuels is also finding increasing political support. The new administration in
About VIASPACE Inc.
VIASPACE is an alternative energy company providing products and technology for renewable and clean energy that reduce or eliminate dependence on fossil and high-risk-pollutant energy sources. The Company provides raw material for cellulosic biofuels and develops and markets fuel cell cartridges, products and technology. VIASPACE subsidiary Direct Methanol Fuel Cell Corporation owns a portfolio of fuel cell patents licensed from
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SOURCE VIASPACE Inc.