Viaspace, Inc. (VSPC)

[iamatone]

Article listed on Scottrade

Viaspace partners with Seema Energy
22 hours 22 minutes ago - Datamonitor Financial Deals Tracker via Comtex

Viaspace, Inc. has signed a memorandum of understanding with Seema Energy Co., Ltd., a Thailand-based renewable energy development company, to jointly develop the detailed plan for a Giant King Grass plantation to fuel Seema's proposed 90 MW biomass power plant.

Viaspace is a US-based clean energy company providing products and technology for renewable and alternative energy. Viaspace, through its majority-owned subsidiary VIASPACE Green Energy, Inc., the company grows Giant King Grass as a low-carbon fuel for electricity generating power plants, pellets, as a feedstock for bio methane production and cellulosic biofuels such as ethanol and butanol, and for biochemicals and bioplastics.

Viaspace and Seema will initially jointly develop a test plot to optimize cultivation of Viaspace's proprietary Giant King(TM) Grass in Thailand. The MOU provides for the supply of seedlings and development of a 2 hectare testing facility to assess and optimize giant king grass cultivation under Thai climate conditions.

Deal Type Partnership
Sub-Category Co-development
Deal Status Announced: 2011-11-07

Deal Participants

Partner 1 (Company) Seema Energy Co., Ltd.
Partner 2 (Company) VIASPACE, Inc.

Deal Rationale

The agreement with Seema Energy will provide a platform for significant growth for Viaspace in Thailand and South East Asia.