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Viaspace seen as EU source of renewable energy crop
By Armando Duke
(AXcess News) Houston - Viaspace, Inc. (Otcbb: VSPC) announced Monday that it would be supplying iits proprietary Giant King Grass as a renewable energy crop to German biogas producer RuBa Energie GmbH. The Irvine, Calif.-based company says the test plot marks the first time its Giant King Grass has been planted in Europe.
Viaspace recently established a plant in China where the company is manufacturing 'Green Logs' from its Giant King Grass for sale in the lucrative U.S. fireplace log market which has long been dominated by Duraflame. Viaspace has been growing its renewable energy crop in China and had previously laid out plans to expand into the European market as a source of renewable biofuel for electric power plants. The Company had been featured in a recent AXcess News story on its Green Logs which highlighted the fact that its product drew a lot of attention from retail buyers at the National Hardware Show in Las Vegas due to the fact that Viaspace was offering a true environmental product that according to the University of Wisconsin is in growing demand amongst consumers looking for 'anything green' on store shelves. The recent news of Viaspace's move into the European biofuel market only shows how dedicated the company is to building a global market for a renewable energy crop that offers distinct advantages.
At that time of that story, Viaspace founder and CEO, Dr. Carl Kukkonen, had said, "Green Logs complement our strategy." But what Kukkonen didn't say was just how advanced Viaspace was in moving into the biofuel market in Europe. Monday morning, Dr. Kukkonen's company revealed that "Giant King Grass was analyzed by RuBa and verified to have excellent biogas production characteristics."
The German biogas power plant operator noted that its core biofuel crop has up until now been corn. Yet RuBa Chief Executive Georg Ruffen believes Viaspace's Giant King Grass can more-then triple output by comparison.
"we can potentially reduce land usage–and related expenses–by that same factor while generating the same electricity output," said Ruffen.
Shares of Viaspace rose more-than five percent shortly after the news was released Monday morning.
