Biomass Secure Power Inc. (BMSPF)

[OCR8now]

Biomass Secure Power in the NEWS!

From The Louisiana Weekly:

http://www.louisianaweekly.com/la-s-new-wood-pellet-plants-meet-european-needs/

Jim Carroll, president of Biomass Secure Power Inc. in British Columbia, said his company plans to start building its Natchitoches Parish Port plant on the Red River in the first quarter of next year, with operations to begin a year later. A 30-year lease for the 75-acre site was signed by the company’s Biomass Power Louisiana subsidiary. “Our annual production goal is one million metric tons but it may take us one to two years to hit that target because of a shortage of local forest-industry workers,“ Carroll said. The plant will need 92 full-time employees. “We’ll also require up to 500 people in indirect jobs, including loggers, foresters and truck drivers.”

Carroll said his company will keep records showing that all the fiber it uses for pellet production is from sustainable sources. “Our end-users have contractual rights that will allow them to audit and verify the sustainability of our fiber supply,” he said.

Pellets produced by Biomass Power Louisiana will be transported from the plant by a more than mile-long conveyor and will head in covered barges to the Port of New Orleans, where they’ll be transferred to ocean-going freighters for shipment to Europe. “Initially, all our production will go to Europe, and we also have several active inquiries from Asia that we’re considering,” Carroll said. As for the expanded Panama Canal, “we’ve discussed the canal, and if we complete an agreement with a company in Asia, we’ll use it,” he said.