BSPI announces Louisiana Company to hold pellet plant project.
Abbotsford, British Columbia, March 05, 2013 – Biomass Secure Power Inc. (OTC:Pinksheet: “BMSPF”) (the “Company”) is pleased to provide shareholders with an update on the status of lease option at the Port of Greater Baton Rouge. The Company has set up a wholly owned subsidiary in the State of Louisiana to hold the pellet plant project, namely Biomass Power Louisiana L.L.C.
Biomass Power Louisiana L.L.C. effective March 1, 2013 has secured a six month option to lease the site on which they propose to build a pellet plant for a payment of $50,000. Plans are in place to build the plant in four phases over several years. The scopes for phase one will be released for tender April 2013 and construction is expected to commence summer 2013.
Phase one consists of three production lines each capable of producing 340,000 tonne per year of biomass pellets. When phase 1 is complete the company will have the capacity to produce one million tonnes of pellets per year.
About the Company
Biomass Secure Power Inc. is incorporated in the Province of British Columbia. The Company has designed its biomass pellets plants to produce 340,000 tonnes of pellets per line. This allows the Company to leverage the engineering over multiple lines and several plants, as key equipment will be identical in each plant. Public filings and financial information on the Company can be found at: www.sedar.com
Safe Harbour Statement:
This information includes certain “forward-looking statements.” The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results.
BIOMASS SECURE POWER INC.