ABBOTSFORD, British Columbia,
Nov. 7, 2011 /PRNewswire/ -- Biomass
Secure Power Inc. (OTC:QB: "BMSPF") (the "Company") is pleased to
announce that the first pellet plant will be constructed in
Cowichan Lake, British Columbia.
The plant will be constructed on a 30 acres site and will initially
have one production line producing up to 250,000 tonnes of pellets
per year. The Company plans to use the production from this plant
to fulfill an agreement announced May 18,
2011 with LG International Corp.
Jim Carroll President / CEO of
the Company stated that the reception received from both city
Council and fibre suppliers was a major factor in choosing Cowichan
Lake as the location for the first pellet plant.
Cowichan Lake Mayor Ross Forrest
stated, "We are extremely pleased to have a pellet plant project
come to our community. He also stated that the permitting process
should be completed within 30 days from the application date.
Cowichan Lake council members will do everything they can to ensure
that the project is successfully launched."
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 design and layout will be
identical. The first plant will have a Torrefication system
designed by the Company installed that will be capable of producing
50 to 80 tonnes per hour of Torrefied pellets. Once the
Torrefication system production rate is proven the Company will
move to 100% production of Torrefied pellets.
Torrefied pellets are 30% more dense than regular wood pellets
and contain 16% more energy per kilo, and are hydrophobic and
therefore not subject to deterioration during shipment or storage.
Torrefied pellets are more easily ground, which reduces the
processing cost at the utility. The new plant design will maximize
the 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. The systems and equipment
being development 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
President and CEO
Contact: 604 807 4957
www.biomasssecurepower.ca
SOURCE Biomass Secure Power Inc.