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Wednesday, February 16, 2022 3:06:47 PM
Description of the Business and Summary of Activities
No significant changes since we filed year end October 28, 2021.
BSP believes that 2022 will see Company moving from development stages into a large-scale
producer of Biocoal. Several potential revenue sources are close to fruition, the development
of our technology licensing program, Biocoal sales to power plants and steel mills, each has
potential for multi-million tonne off-take agreements.
BSP will ship samples by end of February to several potential clients for lab testing, upon
satisfactory results commitments have been received for signing of MOU’s and payment of
down payments for samples ranging from 0ne to six thousand tonnes. These samples will be
burnt in power plants and steel mills and if expectations are met it will lead to long term offtake agreements.
BSP will deliver Biocoal samples containing 21.5GJ for power plants and 25GJ for steel mills.
BSP patented system allows
One client has shown interest in investing to rapidly expand growth in production.
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