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October 3, 2012
08:18 EDTVSPCVIASPACE signs 1,500 acre Giant King Grass supply contract with Tibbar Energy
VIASPACE announced that it has signed a contract with Tibbar Energy USVI LLC to supply Giant King Grass for a 1,500 acre Giant King Grass plantation to be established in St. Croix, US Virgin Islands. Tibbar has entered into an exclusive partnership with VIASPACE to grow Giant King Grass on St. Croix on a 1,500 acre plantation to supply renewable biomass to the biogas power plant. This 20 year project is slated to be underway in 2013, fully on-line by Q1 of 2014 and will generate over 20 full time jobs with a total projected economic benefit of $150M, over the life of the project, to the community through its agricultural and power generation components.
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