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Biomass Secure Power Inc. (BMSPF)

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Last Post: 2/28/2019 6:39:01 PM - Followers: 93 - Board type: Free - Posts Today: 0

 



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 July 1, 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 )
 





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
#11447   Probably. The steel plant though could be PhillipD 02/28/19 06:39:01 PM
#11446   I would count those as coincidences and not nsomniyak 02/28/19 05:46:58 PM
#11445   A couple of new events for us conspiracy PhillipD 02/28/19 03:34:52 PM
#11444   managed to get 80K shares this am, right dragon_warrior 02/28/19 09:59:22 AM
#11443   I have a Google alert to notify me PhillipD 02/28/19 07:21:03 AM
#11442   Demand is HIGH for biomass. Asia and Europe OCR8now 02/27/19 11:48:13 PM
#11441   Considering there was only 55k shares at .017 OCR8now 02/27/19 11:01:18 PM
#11440   I would prefer a sell off to pick PhillipD 02/27/19 09:46:16 PM
#11439   I think this was firstly a market sell dragon_warrior 02/27/19 05:24:39 PM
#11438   I believe it's the person who shorted BMSPF OCR8now 02/27/19 04:07:22 PM
#11437   Why did the bottom absolutely fall out here?? NeatoGang 02/27/19 03:55:27 PM
#11436   And I messed up by not maintaining my PhillipD 02/27/19 03:40:42 PM
#11435   someone screwed up and forgot to select "Limit" ouch! dragon_warrior 02/27/19 03:28:08 PM
#11434   $BMSPF Biomass Secure Power Inc. Receives Approval to $Pistol Pete$ 02/26/19 05:58:06 PM
#11433   Wooo hooo! I noticed share price going PhillipD 02/25/19 04:04:22 PM
#11432   PR out! https://www.einnews.com/pr_news/477534976/biomass-secure-power-inc-rece OCR8now 02/25/19 03:42:29 PM
#11431   Hopefully news soon. Buyers hitting the ASK today 87k at OCR8now 02/19/19 01:28:38 PM
#11430   Funny, when I looked this morning, no shares PhillipD 02/15/19 05:57:04 PM
#11429   Looks like some movement in the stock price OCR8now 02/15/19 02:37:39 PM
#11428   “The business plan calls for the development of reclaimer 02/14/19 07:11:06 AM
#11427   Good news. Approved by the governor? PhillipD 02/13/19 11:33:48 PM
#11426   Good news they were approved for $140 million OCR8now 02/13/19 11:25:00 PM
#11425   Pappas resigned from the Board of Directors. PhillipD 02/13/19 04:01:16 PM
#11424   It's out on SEDAR today. PhillipD 02/13/19 03:27:00 PM
#11423   BMSPF is ALIVE and kicking! Look for NEW OCR8now 02/12/19 08:12:03 AM
#11422   Thank you for the information, Miningguy. Looking wildwertski 02/09/19 07:15:15 PM
#11421   Thanks for the update. Hopefully they have PhillipD 02/08/19 03:18:48 PM
#11420   I phoned Jim Caroll this morning & he miningguy2004 02/08/19 12:30:24 PM
#11419   Wish there was SOMETHING to report to us. YCW 02/07/19 12:53:18 PM
#11418   The average age of the guys in charge Snickers01 01/28/19 12:31:18 AM
#11417   sounds good MichaelKane 12/07/18 01:43:23 PM
#11416   What the idiot is asking is nothing, will dragon_warrior 12/07/18 01:39:05 PM
#11415   It looked good until some idiot put a MichaelKane 12/07/18 01:37:12 PM
#11414   This will fly soon Go BMSPF! dragon_warrior 12/07/18 12:43:15 PM
#11413   Energy is definitely a big question mark. PhillipD 12/07/18 12:23:54 PM
#11412   Sorry to offend you, waves. My posts wildwertski 12/04/18 12:21:12 PM
#11411   If you don't mind my personal views on Waves70 12/04/18 03:22:33 AM
#11410   Wildwertski, I cannot hold my silence any longer. Waves70 12/04/18 03:04:46 AM
#11409   My guess is that they are finding interest PhillipD 11/29/18 03:22:32 PM
#11408   Below I have posted a snip-it from the wildwertski 11/29/18 12:07:33 PM
#11407   Thanks for posting, Phillip. Always appreciated. wildwertski 11/18/18 05:25:48 PM
#11406   Nice find. Gonna keep an eye out on MichaelKane 11/16/18 12:12:25 PM
#11405   I'm not sure this is any news that PhillipD 11/15/18 11:29:26 PM
#11404   It's the age old problem of Engineer's Estimates PhillipD 10/31/18 03:24:55 PM
#11403   Thanks for posting, Phillip. Sounds promising. wildwertski 10/31/18 11:39:49 AM
#11402   Thanks for sharing! IronChefQuezon 10/31/18 11:18:45 AM
#11401   MD&A is out on sedar.com... Here's the PhillipD 10/30/18 10:31:30 PM
#11400   Lets hope that feeling in your bones is wildwertski 10/29/18 03:25:23 PM
#11399   I think November will be a big month. PhillipD 10/29/18 03:17:09 PM
#11398   Well guys, what do you think? wildwertski 10/29/18 10:58:43 AM
PostSubject