Biomass Secure Power Inc. Acquires River Basin Energy
Chilliwack British Columbia June 30, 2018, Biomass Secure Power Inc. (OTC Pinksheets: BMSPF). Biomass Secure Power Inc. (BSP) has acquired 100% ownership of River Basin Energy Inc. (RBE) a Delaware incorporated company. This acquisition is an important event for BSP as it gives the Company outright ownership of all intellectual property developed by RBE. This purchase includes a number of patents for the processing of biomass in a fluid bed reactor, a precursor requirement for the manufacture Biocoal at a commercial scale. Patents also cover the pelletizing and briquetting of Biocoal at a high temperature allowing BSP to customize the mechanical properties of the Biocoal to meet customer needs.
Wood PLC has been appointed EPC for the Biocoal plant to be constructed at Natchitoches LA> The site development will be handled by Biomass Power Louisiana, a wholly owned subsidiary of BSP. Upon completion of phase one, the Natchitoches plant will be the first true commercial scale Biocoal plant in the world. The Phase one production target at Natchitoches has been increased to 400,000 tonnes. Upon completion the plant will produce 1,040,000 tonne of Biocoal per year. BSP will announce ground breaking prior to July 30, 2018.
Background: Governments around the world have been announcing plans to scale back or cease electrical power generation from coal. To meet the announced deadlines a number of existing plants must be converted to renewable fuels the next 5 years offering real opportunities for rapid growth. To meet this demand BSP has plans to rapidly roll out five plants by 2022, with a total production capacity of 5 million tonne per year. The modular design of the Natchitoches Plant lends it self to rapid deployment at other locations. This growth plan is being drawn up to fulfill requirements currently under discussion with several clients.
Biocoal has many advantages over white wood pellets: little or no CAPEX investment required to convert existing production assets, Little stranded capital investment at the power generator, 30% more energy in each shipment reducing transportation costs. Biocoal is stabilized at the plant and can be stored outside and may be handled like coal. Biocoal avoids 95% of the CO2 emission that would be generated by the same quantity of fossil fuel. Operations at Natchitoches have a net beneficial effect on the local forest. For more information please go to our website: www.biomasssecurepower.com.
About the Company:
Biomass Secure Power Inc. is incorporated in the Province of British Columbia and trades on the OTC Pinksheets under the symbol BMSPF. BSP is a development stage company that plans to build a plant in Natchitoches LA. Public filings and financial information for Biomass Secure Power Inc. 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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
“Jim Carroll”
Jim Carroll, President – CEO
Biomass Secure Power Inc. enters into Memorandum of Understanding to deliver Biocoal.
Abbotsford British Columbia April 23, 2018, Biomass Secure Power Inc. (OTC Pinksheets: BMSPF).Biomass Secure Power Inc. (BSP) has entered into a Memorandum of Understanding (MOU) with a power company located in the United States. The MOU became effective on April 18th, 2018.
Whereas both companies are engaged in the reduction of carbon emissions and the production of renewable heat and power by using sustainable fuels in their existing infrastructure. The MOU states that Biomass Secure Power will commence shipping of Biocoal 3rd quarter of 2019 and agrees to ship annual volumes as follows: up to 200,000metric tonnes in 2019, up to 300,000 metric tonnes in 2020, and up to 400,000 metric tonnes in 2021 or as adjusted by further agreement. BSP and the power company are obligated to enter into good faith negotiations towards a long term supply agreement not less than 20 years.
BSP has engaged Wood PLC as the EPC for the Natchitoches plant and expects to break ground in the spring. This plant will be the first plant to produce a torrefied product in large volumes. It is planned to install equipment that will produce 240,000 tonnes per year at the end of phase 1 construction. BSP plans to continue the development of the Natchitoches plant in 2 further phases, increasing production by 400,000 tonnes per year for each added phase. The plant is expected to meet its full capacity of one million tonnes per year within 36 months.
About the Company:
Biomass Secure Power Inc. is incorporated in the Province of British Columbia and trades on the OTC Pinksheets under the symbol BMSPF. BSP is a development stage company that plans to build a plant in Natchitoches LA. Public filings and financial information for Biomass Secure Power Inc. 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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
“Jim Carroll”
Jim Carroll, President – CEO
Biomass Secure Power Inc. enters into a licensing agreement
Abbotsford British Columbia April 16, 2018. Biomass Secure Power Inc. (OTC Pinksheets: BMSPF). Biomass Secure Power Inc. (BSP) has entered into an exclusive licensing agreement with River Basin Energy Inc. The agreement came into effect on April 14th, 2018 and gives Biomass Secure Power Inc. the perpetual worldwide rights for all of the Intellectual Property (IP) and Patents currently owned by River Basin Energy.
The IP includes patented technology that will be deployed at BSP’s Natchitoches Louisiana plant for the manufacture of Biocoal (Torrefied Biomass Briquettes). Biocoal is a sustainable fuel replacement for power generators currently burning coal. BSP believes that this patented process will be a major game changer for power companies currently using coal to generate electrical power. Conversion to Biocoal is very attractive to the end users as it involves little or no CAPEX expenditure to implement. Contained in the technology package are a number of Patents associated with the pelletizing of biocoal at high temperature. High temperature Briquetting provides a product that is can be stored and handled using the same equipment currently in use for handling brown coal.
BSP will deploy the newly acquired technology to process wood chips in a fluid bed reactor at its planned Natchitoches plant in Louisiana. The product of the reactors is a continuous stream of Torrefied wood chips that will be formed into briquettes. The briquettes will be used to generate electrical power from a certified sustainable fuel source. The patented process produces a superior product; typically containing 30% more energy than a standard white wood pellet and not requiring special handling and storage equipment.
BSP has engaged Wood PLC as the EPC for the Natchitoches plant and expects to break ground in the spring. This plant will be the first plant to produce a torrefied product in large volumes. It is planned to install equipment that will produce 240,000 tonnes per year at the end of phase 1 construction. BSP plans to continue the development of the Natchitoches plant in 2 further phases, increasing production by 400,000 tonnes per year for each added phase. The plant is expected to meet its full capacity of one million tonnes per year within 36 months.
About the Company:
Biomass Secure Power Inc. is incorporated in the Province of British Columbia and trades on the OTC Pinksheets under the symbol BMSPF. BSP is a development stage company that plans to build a plant in Natchitoches LA. Public filings and financial information for Biomass Secure Power Inc. 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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
“Jim Carroll”
Jim Carroll, President – CEO
Biomass Secure Power Inc. Fibre Supply Secured
Abbotsford, British Columbia May 5, 2017. Biomass Secure Power Inc. (OTC: Pinksheets: BMSPF). Biomass Secure Power (BSP) is pleased to advise shareholders that the Company has entered into long term fibre supply agreements with a number of suppliers in the Natchitoches Louisiana area. The agreements are for fifteen (15) years with pricing to be set on a quarterly basis. The fibre requirement for phase one is fully secured from sustainable sources in accordance with Sustainable Biomass Partnership (SBP) requirements. Work is continuing with the detailed engineering and 3D modelling of the Natchitoches plant with the assistance of the chosen EPC contractor Amec Foster Wheeler, in preparation for construction scheduled to start upon completion of an independent engineering review ordered by Bank of America Merrill Lynch. This review is currently underway.
The Proprietary Intellectual Property being implemented at Natchitoches will position the Company as a leader in the supply of an alternative fuel to replace coal. Inquiries have been received from several industrial sectors indicating that once they see phase one in operation demand for Biocoal will be in multi million tonne per year.
A twenty year (20) agreement to purchase 200,000 tonne per year is in place producing projected annual sale in excess of $40 million.
Phase one of three planned phases is 240,000 metric tonnes that will increase to one million tonne per year when phase two and three are completed. Biocoal is a torrefied product used to generate both heat and power for residential and industrial purposes. Biocoal can be used as an alternate fuel to coal in most circumstances. The advantage over white pellets is that little if any CAPEX is required to convert power plants from coal to biocoal, whereas white pellets require a significant investment to convert.
About the Company
Biomass Secure Power Inc. is incorporated in the Province of British Columbia. On May 4, 2016 The Company signed a non-binding Memorandum of Understanding with River Basin Energy to merge the companies and build a biocoal plant at the Port of Natchitoches, Louisiana. Public filings and financial information for Biomass Secure Power Inc. 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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
“Jim Carroll”
Jim Carroll, President – CEO
Biomass Secure Power Inc. Announcement of EPC for Natchitoches Phase 1.
Abbotsford, British Columbia, March 24, 2017. Biomass Secure Power Inc. (OTC Pink: BMSPF). Biomass Secure Power (BSP) is delighted to advise shareholders that after lengthy discussions and a meeting held at the Port of Natchitoches Louisiana on March 14 the Company is pleased to announce the selection of Amec Foster Wheeler as the EPC and Preliminary Engineering partner for Natchitoches Phase 1.
Natchitoches Phase 1 is for the installation of equipment to produce 240,000 tonnes/yr. of Biocoal. Amec Foster Wheeler has been selected because of the wealth of experience it has with industrial and renewable facilities and breadth of environmental, engineering, procurement, and self-perform construction capabilities. The decision to engage Amec Foster Wheeler gives the Company the confidence that the project will be successfully completed on time and on budget.
Phase 1 at Natchitoches is the first of three planned phases that will increase the plant production rate to one million tonne per year. Biocoal is a torrefied product used to generate heat and power for residential and industrial purposes and is a direct alternate sustainable fuel for brown coal in most circumstances. The major advantage Biocoal has over white pellets is that little if any CAPEX is required to convert coal fired power plants to this new sustainable fuel.
About the Company
Biomass Secure Power Inc. is incorporated in the Province of British Columbia. The Company is in the renewable energy business and will only use fibre sustainably sourced to ensure that forest are replanted and sustainable for ever. Public filings and financial information for Biomass Secure Power Inc. 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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
“Jim Carroll”
Jim Carroll, President – CEO
Biomass Secure Power Inc. Receives Increase in Bond Allocation
Abbotsford, British Columbia February 7, 2017. Biomass Secure Power Inc. (OTC: Pinksheets: BMSPF). Biomass Secure Power is pleased to advise shareholders that on January 31, 2017 Governor of Louisiana John Bel Edwards signed Executive Order Number JBE 17-03 (Carry-Forward Bond Allocation 2016).
Pursuant to and in accordance with the provisions of Section 146(f) of the Internal Revenue Code of 1986, as amended, and in accordance with the request for carry-forward filed by designated issuer, the excess private activity bond volume limit under the 2016 Ceiling is hereby allocated to the following issuer(s), for the following carry-forward project(s), and in the following amount(s):
ISSUER: Louisiana Public Facilities Authority.
Carry-Forward Project: Biomass Power Louisiana, LLC
Carry-Forward Amount: $88,536,200.
This increases the limit of Tax Exempt Bonds the company can sell to finance the Natchitoches Bio-Coal project by $28,535,200. The Company’s wholly owned subsidiary Biomass Power Louisiana L.L.C. (BPL). The Company has engaged the services of Bank of America Merrill Lynch to sell the bonds.
Upon funding, the proceeds will be used to build a 240,000 tonne bio-coal production plant at the Port of Natchitoches Louisiana. An off-take agreement is in place for 200,000 per year for twenty years which is projected to generate annual sales in excess of $40 million per year. The total annual income for phase one of the bio-coal plant is projected at $48 million.
This is phase one of three planned phases that will increase the plant production to one million tonne per year. Bio-coal is a torrefied product used to generate both heat and power for residential and industrial purposes. Bio-coal can be used as an alternate fuel to coal in most circumstances. The advantage over white pellets is that little if any CAPEX is required to convert power plants from coal to bio-coal, whereas white pellets require a significant investment to convert.
About the Company
Biomass Secure Power Inc. is incorporated in the Province of British Columbia. On May 4, 2016 the Company signed a Memorandum of Understanding with River Basin Energy to merge the companies and build a bio-coal plant at the Port of Natchitoches, Louisiana. Public filings and financial information for Biomass Secure Power Inc. 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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
“Jim Carroll”
Jim Carroll, President – CEO
Biomass Secure Power Inc. Tax Free Bond Status Approved
Abbotsford, British Columbia January 23, 2017. Biomass Secure Power Inc. (OTC: Pinksheets: BMSPF). Biomass Secure Power is pleased to advise shareholders that on January 19th, 2017 the Louisiana State Bond Commission approved the sale of $60 million tax exempt bonds by the Company’s wholly owned subsidiary, Biomass Power Louisiana L.L.C. (BPL). The Company has engaged the Bank of America Merrill Lynch to sell the bonds on behalf of the company.
The proceeds of the bond issue will be used to build a new 240,000 tonne/yr, Bio-Coal production facility at the Port of Natchitoches Louisiana. A 20 year off-take agreement has been confirmed for 200,000 tonnes per year of Bio Coal, which is expected to generate annual sales in excess of $40 million per year. The total annual sales from phase one running at 240,000 tonnes/yr is planned to be in excess of $48 million per year.
Biomass Secure Power Inc. and River Basin Energy are in the process of merging the two companies prior to the closing date of the financing round. Additional information about the merger will be released in the upcoming weeks.
The investment at Natchitoches is phase one of a three phase development program that will increase the plant production capacity to one million tonne per year. River Basin Energy has received a MOU to provide a further 500,000 tonne/year to 2,000,000 tonne/year of Bio-Coal. The MOU will be converted to a binding off-take agreement after trial samples from phase 1 operations have been received and evaluated by the buyer as being of the same quality or better than samples already made available from the RBE reactor.
Bio-coal is a torrefied product used to generate heat and electrical power for residential and industrial purposes. Bio-coal is a sustainable alternate to coal in most circumstances. Bio-Coal has a commercial advantage over whitewood pellets as the energy cost is about the same and the CAPEX requirements to convert an existing plant to bio-coal is significantly lower. Whitewood pellets require storage under cover and special handling systems to process.
About the Company
Biomass Secure Power Inc. is incorporated in the Province of British Columbia. On May 4, 2016 the Company signed a Memorandum of Understanding with River Basin Energy to merge the companies and build a bio-coal plant at the Port of Natchitoches, Louisiana. Public filings and financial information for Biomass Secure Power Inc. 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.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
“Jim Carroll”
Jim Carroll, President – CEO