VIASPACE, Inc. is a clean energy company focused on providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil fuels and other high-pollutant energy sources. Through its subsidiary, VIASPACE Green Energy Inc., the Company globally markets its proprietary Giant King™ Grass –a high-yield, dedicated energy crop– as a low carbon, renewable replacement for coal to generate electricity and heat, and as a nonfood feedstock for second-generation liquid biofuels to replace fossil fuels such as gasoline and diesel fuel. VIASPACE Green Energy also manufactures and sells Green Log™ – low carbon fireplace and campfire logs made from Giant King Grass at the company’s factory co-located at its 280 acre plantation.
VIASPACE Green Energy Inc. (OTCBB: VGREF) globally markets its proprietary Giant King™ Grass –a high-yield, dedicated energy crop– as a low carbon, renewable replacement for coal to generate electricity and heat and as a nonfood feedstock for second-generation liquid biofuels to replace fossil fuels such as gasoline and diesel fuel. The company also manufactures and sells Green Log™ low carbon fireplace and campfire logs made from Giant King Grass.
Biomass is carbon neutral. Biomass is a renewable energy source that comes from plant material such as Giant King Grass. Photosynthesis converts solar energy and carbon dioxide from the atmosphere into plant material. Burning plant material in a power plant releases the carbon dioxide back into the atmosphere, but it is reabsorbed again when the next crop grows making it carbon neutral.
Biomass is an important renewable energy source for both developing and industrialized countries. Heavy dependence on coal and imported petroleum has led to a major increase in global carbon dioxide emissions as well as significant geopolitical, economic and environmental issues.
Giant King Grass can be burned – either directly or in pellet form – as a replacement for coal or oil in electric-power plants to produce low-carbon electricity and useful heat. It can also be used to produce bio methane in anaerobic digesters.
Giant King Grass can be used as a feedstock to make Grassoline – liquid transportation biofuels such as cellulosic ethanol, butanol and green gasoline – and to produce biochemicals and bio-plastics.
Giant King Grass is a non-food crop and can be grown on marginal lands which are not being used for growing food. Using food crops to produce biofuel is discouraged or banned in almost all countries around the globe.
Giant King Grass is low cost because of its extreme high-yield, meeting the cost targets of green energy applications. Electricity produced from burning Giant King Grass is one-fourth the cost of electricity from solar energy and half the cost of wind energy. Furthermore, Giant King Grass and other biomass power plants can operate 24 hours a day, whereas solar and wind produce electricity only when it is sunny or windy.
Giant King Grass pellets can be used to replace up to 20% of coal in existing power plants, reducing carbon emissions by the same percentage while preserving the large capital investment and allowing power companies to meet carbon dioxide emissions reduction requirements for the next 10 to 30 years.
In addition to Giant King Grass, through its subsidiary Direct Methanol Fuel Cell Corp., VIASPACE designs and manufactures disposable methanol fuel cartridges that supply the energy source for fuel cell powered portable electronics such as notebook computers and mobile phones. Fuel cells cleanly and efficiently convert methanol into electricity without burning and provide longer operating time and instantaneous recharging compared to traditional batteries.
Through its advanced-technology subsidiary, Ionfinity, VIASPACE is also collaborating with Caltech and NASA’s Jet Propulsion Laboratory to develop and commercialize new sensor technology that can detect very small amounts of hazardous materials such as explosives, chemical/biological weapons, toxic gases and drugs. Utilizing Ionfinity’s miniaturization technology, new portable monitoring devices and detection systems are being developed for homeland security, defense, biomedical, industrial process control, agricultural and environmental safety applications.
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