ABBOTSFORD, British Columbia,
Nov. 28, 2011 /PRNewswire/ -- Biomass
Secure Power Inc. (OTC:QB: "BMSPF") (the "Company") is pleased to
provide shareholders with an outline of our three year growth plan.
The Company is in various stages of development of five plant sites
that will be designed to produce three and a half million tonnes of
pellets per year with gross revenues expected to exceed
$650 million per year.
The first plant is expected to commence production in 2012, with
plants two and three to be commissioned in 2013. Plants four and
five will come online in 2014. The Company is actively seeking
additional plant sites to meet targeted production of five million
tonnes of biomass pellets per year by end of 2015.
Our growth trajectory is in response to the rapidly increasing
world demand for biomass pellets as a viable alternative, green,
sustainable fuel. The biomass pellet market is expected to increase
by 110 million tonnes per year by 2020. This strong future demand
for biomass pellets leads us to believe that offtake agreements to
purchase the majority of our production capacity will be in place
prior to the completion of the plants.
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 250,000 tonnes of
pellets per line. This allows the Company to leverage the
engineering over several plants, as key equipment will be identical
in each plant. The first plant will have a Torrefication system
designed by the Company. The Torrefaction line will be capable of
producing 50 to 80 tonnes per hour of Torrified pellets. Once the
Torrefication system production rate is proven the Company will
move to 100% production of Torrefied pellets with the ability to
switch between products.
Torrefied pellets are 30% more dense than regular wood pellets
and contain 16% more energy per kilo. Torrefied pellets are
hydrophobic and therefore not subject to deterioration and
out-gassing during shipment or storage. Torrefied pellets are more
easily ground, which reduces the processing cost at the utility.
The new plant design will maximize product yield by efficiently
matching the volume of produced synthetic gas from the process of
Torrefication to the energy requirements of the plant. The Company
plans to apply for patents on the Intellectual Properties it has
developed and continues to develop. The systems and equipment being
developed position the Company at the forefront of the Torrefied
pellet industry.
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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
"Jim Carroll"
Jim Carroll
President and CEO
Contact: 604 807 4957
www.biomasssecurepower.ca
SOURCE Biomass Secure Power Inc.