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Biomass Secure Power Inc. (BMSPF)

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Biomass Secure Power Inc. is an innovative company dedicated to the supply and production of high quality enviromentally sustainable torrified wood biomass pellets for general use as a substitute for fossil fuels which will then be sold to power producers.

 

Plant to have a total capacity of 1.04 million tonnes per year output with annual revenue of approximately $200,000,000

Phase #1 to produce 400,000 tonnes with annual revenue of approximately $80,000,000.

Buildout is expected to continue after phase two to bring production capabilities to one million tonne per year.

BSP plans to rapidly roll out up to five plants by 2022 with total production of 5 million tonne per year.


 
  
****      Construction for phase # 1  expected to start Fall/Winter 2019!!!    *****
 
 Company Site:    http://biomasssecurepower.ca/

 

 


SEC Filings:

All Company Filings are at: 
http://www.sedar.com/search/search_form_pc_en.htm 

Search Company for newest filing: http://www.sedar.com/search/search_form_pc_en.htm


Share Structure:

Shares Outstanding: 650,159,975 a/o December 31, 2017  (Insiders hold over 80% of the shares outstanding!!)
Float: 57,634,283 a/o Mar 01, 2011
Authorized Shares: Unlimited a/o Mar 01, 2009
Shareholders of Record 597 a/o Dec 15, 2010

Contact info: info@biomasssecurepower.ca
Telephone: 604 807 4957


Stock Info:  http://www.otcmarkets.com/stock/BMSPF/quote

*Note: BMSPF is current on ALL it's filings with the BC Securities Commission (BCSC). BMSPF files in British Columbia and NOT in the US. ALL filings can be viewed on SEDAR.COM ( See link in Ibox )  https://www.sedar.com/FindCompanyDocuments.do





Recent PR's:

NEW!! 2/25/2019 - BIOMASS SECURE POWER INC. RECEIVES APPROVAL TO INCREASE SALE OF TAX EXEMPT BONDS  
https://www.einpresswire.com/article/477534976/biomass-secure-power-inc-receives-approval-to-increase-sale-of-tax-exempt-bonds

6/29/2018 - BIOMASS SECURE POWER INC. ACQUIRES RIVER BASIN ENERGY INC.

https://www.einpresswire.com/article/453749253/biomass-secure-power-inc-acquires-river-basin-energy-inc?ref=rss&code=TydGAi1WOc8AAJ7n

BIOMASS SECURE POWER INC. ENTERS INTO MEMORANDUM OF UNDERSTANDING TO DELIVER BIOCOAL

http://www.einnews.com/pr_news/443415694/biomass-secure-power-inc-enters-into-memorandum-of-understanding-to-deliver-biocoal

BIOMASS SECURE POWER INC. ENTERS INTO A LICENSING AGREEMENT

http://www.einnews.com/pr_news/442239712/biomass-secure-power-inc-enters-into-a-licensing-agreement

BSP SECURES FIBRE SUPPLY FOR PHASE 1.

http://upticknewswire.com/biomass-secure-power-inc-fibre-supply-secured/

ONLINE RADIO INTERVIW WITH JIM CARROLL, CEO OF BMSPF.

http://smallcapvoice.com/blog/3-27-17-smallcapvoice-interview-with-biomass-secure-power-inc-bmspf/

BIOMASS SECURE POWER SELECTS EPC CONTRACTOR FOR PHASE 1  !!

https://upticknewswire.com/biomass-secure-power-inc-announces-epc/

UPDATE ON BOND FINANCING !!

https://upticknewswire.com/biomass-secure-power-inc-receives-increase-bond-allocation/

FINANCING OF PHASE 1  !!


https://upticknewswire.com/biomass-secure-power-inc-tax-free-bond-status-approved/

BONDS APPROVED!! (Official Government Document)

http://gov.louisiana.gov/assets/ExecutiveOrders/JBE17-03.pdf


BMSPF IN THE PRESS:

http://www.bioenergy-news.com/display_news/11729/biomass_secure_power_gets_financial_boost_to_help_build_biocoal_plant/

http://www.chateausaintdenis.com/news/blog/natchitoches-named-among-100-micropolitans-in-nation-for


Biomass Power Louisiana signs engagement letter for pellet plant

http://www.bizjournals.com/prnewswire/press_releases/2013/03/05/NE70957


http://biomassmagazine.com/articles/10709/biomass-secure-power-secures-location-for-louisiana-pellet-mill

 


Management team:

Jim Carroll, President / CEO


Prior to becoming an officer of the Company Mr Carroll was a self employed businessman since 1992. He has owned a mortgage brokering company and was involved in the building of town homes. From 1972 to 1992 he was involved in the banking industry.


Andrew Burns, VP Engineering

Mr. Burns has been an engineer since 1979 specializing in certain types of burner technology such as Immersion Burners with Ceramic Tubes, Small Bore High Velocity Immersion Burners, Submerged Combustion Equipment, Strip Line Galvanizing and Solution tanks, Low Nox Radiant tube technology. Mr Burns has been responsible for projects in North and South America, Japan, Korea, Bahrain, Iran, Poland, Russia, Thailand, China and Mexico. He has had many papers published in various periodicals and books. He has presented technical papers at various meetings of AGA, ONGA, CIM, NARA, AFRC, AISE, Wire Association, CSCE, Hamilton and District Energy Forum and has attended seminars and exhibitions involving the Wire Industry, Non Ferrous Melting Industry, Gas Associations in the USA, Canada and Europe.


Susan Burba, CFO

Susan is a senior accounting and financial management executive with experience in finance and operations management. Susan demonstrates the ability to streamline business operations that drive growth and increase efficiency and bottom line profit. She possesses solid leadership and communication skills with excellent interpersonal skills. 

 


Our Current Business: 
 
Our Business Plan was reviewed and rewritten in October 2018 to reflect current status and plans. The Company is implementing the business plan including an increase in the production capacity of Phase 1 at Natchitoches and development of a roll out plan that targets a doubling of the production capacity each year for 4 years after Phase 1 at Natchitoches has been commissioned. On June 30, 2018 the Company acquired River Energy (RBE) a company based in the USA that has developed patented technology for the production of biocoal using a fluid bed reactor. RBE successfully completed the development of a small scale production plant in Wyoming. Samples prepared at the Wyoming plant were provided to potential end users for testing in power boilers where the fuel was proved to be a suitable fuel for power generation with little performance dropoff when compared with whitewood pellets. The Company has decided to move ahead with the construction of phase one of the biocoal plant at Natchitoches, Louisiana. Phase 1 will see the construction of 400,000 tonnes/yr. of biocoal. An MOU is in place for 200,000 tonne with a USA power producer. We are waiting for confirmation of shipping cost that will make this a valid off-take. Several power producers in Europe and Japan are considering off-take agreements that will sell out phase one and additional 600,000 tonne to be built in phase two. On January 31, 2017 the 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 carryforward filed by designated issuer, the 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 The Company has completed all of the preliminary engineering and plant design and layout. Wood PLC (formally Amec Foster Wheeler) is the EPC. Wood has completed the engineering report to a FEL 2 standard and this has been forwarded to Bank of America Merrill Lynch for their review. Bank of America Merrill Lynch (BAML) has reviewed the FEL 2 report and developed a plan to complete sale of tax exempt bond and construction commencing July 1, 2019. Leidos has been selected to complete an independent review of engineering completed by the Company and wood plc. This process is expected take six to 8 weeks. The FEL 2 budget reflects the doubling of production of phase 1. In order to cover additional costs the Company asked the Louisiana Public Facilities Authority to increase tax exempt bond issue to $140 million. The Company has received verbal approval and are waiting for Governor of Louisiana to sign approval. In conjunction with Bank of America Merrill Lynch and our bond solicitor a definitive schedule has been developed to complete milestones to ensure we can draw down on tax exempt bond on July 1, 2019. The business plan calls for the development of phase one with production starting in the third quarter 2019 with a target after a ramp up period of 400,000 tonnes. Phase two will commence upon completion of phase 1 adding 600,000 tonnes/yr. of production capacity bringing total plant production upon completion to one million tonne per year. Hawkins Wright has predicted that the global demand for wood pellets will reach 64MT in 2023, including 32MT in the industrial sector and 32MT in the heating sector. This shows that growth opportunities are available, however we see the market growing faster as torrefied product becomes available in quantity. In 2014 global consumption of coal was 8,165 billion short tons. Governments around the world are eliminating or reducing the amount of coal being used, which will open additional markets for bio-coal. A one percent penetration would require the production of 80m tonnes of biocoal. Inquiries from the steel manufacturers have shown interest in using biocoal as a replacement for coal in order to reduce and meet carbon emission requirements. This along with some other industrial opportunities opens up additional potential markets in areas other than power production and heating. Biocoal has a number of technical advantages over white wood pellets: higher calorific value (22Gj/T vs 17Gj/T. Coal has 25Gj/T); higher bulk density 750-800 kg/m3 versus 650 kg/m3 for white pellets; bio-coal is hydrophobic enabling it to be stored outside; eliminating the need for storage buildings; improved combustion characteristics with a potential efficiency and capacity increase at certain converted coal plants. Shipping costs per unit of energy is lower than whitewood pellets due to the higher calorific value and bulk density; Existing facilities that use coal can be converted to bio-coal with little or no modifications or investment. The resulting savings in avoided CAPEX is arguably the most valuable benefit for power producers when comparing bio-coal with white pellets. The Company plans to sell biocoal at the same price per Gj as charged by white pellet producers which gives biocoal a distinct cost advantage for potential users.  

*****Update 1:  Off-take agreement is in place for 200,000 tonne/yr for a minimum of 20 years.*****

*****Update 2:  MOU is in place to 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.*****




EPC CONTRACTOR WEBSITE:

NEW!! https://www.amecfw.com/

 

Satellite view

Natchitoches Parish Port - Chipping Plant - http://goo.gl/maps/aGj23

Port and area information.


Natchitoches Parish Port Website

Red River Economic Development


L.E.D.  Louisiana Economic Development.  https://www.opportunitylouisiana.com/

Port of Rotterdam: https://www.portofrotterdam.com/en/cargo-industry/bio-industry

Bio-Coal Plant: https://www.portofrotterdam.com/en/news-and-press-releases/welcome-to-a-new-generation-coal-plants

                              https://www.portofrotterdam.com/en/cargo-industry/energy-industry/fossil-energy                             


Industry Education:
  Financial Metrics of Torrefied Wood as a Coal Substitute 
  http://www.biofuelsdigest.com/bdigest/2011/06/16/torrefied-wood-a-new-bio-coal-process-that-is-ready-to-go/ 

   http://biomassmagazine.com/tag/pellets/

   http://biomassmagazine.com/articles/13837/european-biomass-association-releases-2016-bioenergy-outlook


   http://biomassmagazine.com/articles/13796/futuremetrics-offers-wood-pellet-demand-spot-pricing-estimates

   http://task40.ieabioenergy.com/wp-content/uploads/2013/09/t40-torrefaction-2016.pdf
 

Contact information:

Jim Carroll
President / CEO
604 807 4957


Charts:

BMSPF - Daily Candlesticks
 


 

 

 

                                        


 

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PostSubject
#11711   I doubt it. I don't think the PhillipD 09/11/20 04:46:15 PM
#11710   So has the plant broke ground yet? Richard2 09/09/20 03:14:42 PM
#11709   Thanks for the update. Phillip PhillipD 06/22/20 12:21:06 AM
#11707   WW is this your only stock? You Waves70 06/20/20 01:15:31 AM
#11706   Some information on BMSPF. wildwertski 06/19/20 06:43:58 PM
#11705   Phillip, Thanks for your reply. Best to all WW wildwertski 06/09/20 03:54:38 PM
#11704   He lives here in California, but was back PhillipD 06/09/20 03:45:15 PM
#11703   Hi Phillip, wildwertski 06/08/20 04:28:22 PM
#11702   Here is the link to the May 13th document. wildwertski 05/21/20 09:47:36 AM
#11701   Thanks for the update. I figured Covid PhillipD 05/20/20 07:29:44 PM
#11700   Report out on Sedar last week. YCW 05/19/20 06:37:31 PM
#11698   I’ve been watching this for years, they keep Richard2 04/15/20 10:05:03 AM
#11697   IronchefQuezon, it definitely has not helped that wildwertski 04/09/20 01:45:55 PM
#11696   Without news of groundbreaking I fear this one IronChefQuezon 04/03/20 11:17:10 AM
#11695   The U.S exported 546,435.2 metric tons of wood wildwertski 04/02/20 07:27:15 PM
#11694   Very quiet because we get bashed when we speak. wildwertski 04/01/20 08:33:36 PM
#11693   OCsdtans! I love it! I want Waves70 04/01/20 12:34:07 AM
#11692   Please Waves70 don't take this the wrong way ocsdtans 03/31/20 09:55:44 AM
#11691   Very quiet on this board. I think Waves70 03/31/20 12:25:47 AM
#11690   Great article Iron Chef, let's hope Biomass wakes ocsdtans 02/27/20 01:29:59 PM
#11689   https://www.marketwatch.com/press-release/wood-pellets-market-rising-at-high-cag IronChefQuezon 02/27/20 10:57:04 AM
#11688   Wow WW actually posts some objective data. Waves70 02/16/20 12:34:47 AM
#11687   Thanks for the update. Phillip PhillipD 02/05/20 11:27:42 PM
#11686   Documents Dated 2/5/2020 are now available on Sedar.com. wildwertski 02/05/20 07:20:51 PM
#11685   Quarterly filings are to be out next week. Best wildwertski 02/01/20 11:14:10 PM
#11684   The ONLY Person of Reason here is Richard2 Waves70 01/29/20 11:19:22 PM
#11683   Thanks for your WISHING WW. More complaining Waves70 01/29/20 11:08:41 PM
#11682   Your understanding of the industry is lacking. As Richard2 01/29/20 11:17:10 AM
#11681   Phillip, thanks for sharing. Best to all, WW wildwertski 01/22/20 09:01:13 PM
#11680   Not much in the way of news, but PhillipD 01/22/20 03:21:06 PM
#11679   Richard2, Yes but this plant does not have a Neverhadawinner 01/20/20 04:50:29 PM
#11678   Interesting if you read full article, they are ocsdtans 01/20/20 04:48:15 PM
#11677   First commercial scale torrification company in the US... Richard2 01/20/20 12:45:51 PM
#11676   Snick! I looked at the last year of BMSPF Neverhadawinner 01/16/20 09:45:40 PM
#11675   Nothing but losers and daydreamers follow this company. Snickers01 01/14/20 03:36:46 PM
#11674   Is this really what you have to contribute? Waves70 01/11/20 02:19:35 AM
#11673   For what's it's worth, I post the following. Waves70 01/11/20 02:14:04 AM
#11672   Wildwertski, thank you for this constructive piece of Waves70 01/11/20 02:10:02 AM
#11671   Mr. Carroll has been running this company since Snickers01 01/06/20 04:32:38 PM
#11670   Playing out a lot like First American Scientific Snickers01 01/06/20 04:28:32 PM
#11669   Some more information I ran across dealing with wildwertski 01/06/20 03:19:26 PM
#11668   Oh! I thought I was posting to Waves70 01/04/20 02:45:07 AM
#11667   Wildwertski, "hoper extraordinaire" why did you invest in Waves70 01/04/20 02:36:05 AM
#11666   So why "Snickers01" (what a cute name) are Waves70 01/04/20 02:33:54 AM
#11665   Too bad Trump wasn’t CEO of BMSPF. He wildwertski 01/01/20 01:51:02 PM
#11664   What are Jim Caroll's accomplishments from the past? Snickers01 12/31/19 06:18:10 PM
#11663   In defense of the company, I think actually Waves70 12/20/19 08:35:58 PM
#11662   Hey - I think you are onto something. Waves70 12/20/19 08:03:37 PM
#11661   Hey Waves70 how about this angle, haven't really ocsdtans 12/20/19 04:15:12 PM
#11660   I've been more frustrated with myself for buying Waves70 12/19/19 12:52:34 PM
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