Today, VIASPACE announced that it has signed a Giant King™ Grass supply contract with Sagay Central, Inc. The initial payment has been received, and VIASPACE's agronomist has already visited the Philippines to meet with Sagay.
VIASPACE's innovative Giant KingTM Grass is low-carbon fuel for clean electricity generation and for environmentally friendly energy pellets; what's more, it can be used as a feedstock for bio-methane production and for green cellulosic biofuels, biochemical, and biomaterials. The proprietary, high yield, biomass clean energy crop does not compete with or displace food production, setting VIASPACE apart from its industry competitors.
VIASPACE's Chairman, Dr. Kevin Schewe, remarked, "We are delighted to announce this project and partnership with Sagay Central. Their expertise and experience with growing sugar cane makes them a perfect fit for growing Giant King Grass as a renewable, high-yielding, biomass platform. Although we are currently seen by investors as a penny stock company, VIASPACE is actively working with many different international companies and continues to diversely expand its global footprint. This is an exciting time of rapid growth and setting the stage for the future of VIASPACE and its shareholders."
Located in Bacolod City, Negros Occidental, Sagay Central is a sugar milling and sugar growing company in the center of the Philippines sugar industry, producing about 150,000 tons of sugar each year. Since 1945, Sagay Central has been producing raw sugar, washed sugar, and specialty Muscavado sugar (amongst other products) for the domestic market and export.
Mr. Romie Cortez, President of Sagay Central, commented, "We are indeed very happy to be working with VIASPACE Inc. on this important biomass renewable energy project. This fits well with our goal of diversifying our sugar operations in order to remain competitive in this very difficult sugar business in the Philippines. We are looking forward to grow the VIASPACE Giant King Grass in our estate for energy production and for export to Korea and Japan."
For more information on VIASPACE, Giant King™ Grass, visit VIASPACE.com
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