This morning, VIASPACE Inc. and its subsidiary VIASPACE Green Energy Inc. (OTCBB: VGREF) announced the incorporation of VIASPACE Green Energy Pte. Ltd. in Singapore. According to the release, the new company is 100% owned by VIASPACE Green Energy Inc.

Dr. Carl Kukkonen, chief executive of VIASPACE and the newly formed company, has plans to meet with potential customers and partners in Asia. He will also make an invited presentation at the “Bioenergy and Biorefinery Conference– Southeast Asia 2011– From Feedstock to Market” which will be held in Singapore March 23-25, 2011. Dr. Kukkonen’s presentation is titled “Giant King Grass: A Dedicated Energy Crop for Bioenergy And Biorefineries.”

In mid-February, VIASPACE announced the very encouraging results of independent testing of Giant King Grass as a feedstock for biorefineries and biofuel plants using the fermentation method. The test data showed that VIASPACE’s proprietary Giant King Grass has essentially the same properties as corn stover and wheat straw, which are currently leading candidate feedstocks for making cellulosic biofuels and a wide range of biochemicals.

Dr. Kukkonen recently reported: “These initial results show that a ton of Giant King Grass can yield as much bio ethanol as a ton of corn stover. This validates Giant King Grass, a nonfood dedicated energy crop, as a competitive feedstock for producing cellulosic biofuels…Most importantly, an acre of Giant King Grass yields up to 10 times greater tonnage than an acre of corn stover, which is the stalk and leaves leftover from harvesting an acre of corn…With our high yield, we believe that Giant King Grass can reduce biofuel feedstock costs by up to 40%, even when compared to projected prices for corn straw as agricultural waste. As a result, Giant King Grass promises the cost-of-production breakthrough that has plagued the second-generation biofuels industry.”

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