Initially, the companies intend to develop a test plot to optimize cultivation of Viaspace’s Giant King Grass in Thailand.
The MOU provides for the supply of seedlings and development of a five-acre testing facility to assess and optimize Giant King Grass cultivation under Thai climate conditions.
The project will use up to 930,000 tonnes of Giant King Grass per annum, and is expected to achieve financial close in 2012 and achieve commercial operation in 2014.
Viaspace CEO Carl Kukkonen said the agreement with Seema Energy provides a platform for significant growth for the company in Thailand and South East Asia.
Viaspace is a clean energy company providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil and high-pollutant energy sources.
Seema Energy is a developer of a series of captive, dedicated energy crop renewable energy projects in Thailand.
