NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Biomass Secure Power Inc. Announces 2015 Income Projections of $650 Million
2011-11-28 09:40 ET - News Release
ABBOTSFORD, British Columbia, Nov. 28, 2011 /PRNewswire/ -- Biomass Secure Power Inc. (OTC:QB: "BMSPF") (the "Company") is pleased to provide shareholders with an outline of our three year growth plan. The Company is in various stages of development of five plant sites that will be designed to produce three and a half million tonnes of pellets per year with gross revenues expected to exceed $650 million per year.
The first plant is expected to commence production in 2012, with plants two and three to be commissioned in 2013. Plants four and five will come online in 2014. The Company is actively seeking additional plant sites to meet targeted production of five million tonnes of biomass pellets per year by end of 2015.
Our growth trajectory is in response to the rapidly increasing world demand for biomass pellets as a viable alternative, green, sustainable fuel. The biomass pellet market is expected to increase by 110 million tonnes per year by 2020. This strong future demand for biomass pellets leads us to believe that offtake agreements to purchase the majority of our production capacity will be in place prior to the completion of the plants.
About the Company
Biomass Secure Power Inc. is incorporated in the Province of British Columbia. The Company has designed its biomass pellets plants to produce 250,000 tonnes of pellets per line. This allows the Company to leverage the engineering over several plants, as key equipment will be identical in each plant. The first plant will have a Torrefication system designed by the Company. The Torrefaction line will be capable of producing 50 to 80 tonnes per hour of Torrified pellets. Once the Torrefication system production rate is proven the Company will move to 100% production of Torrefied pellets with the ability to switch between products.
Torrefied pellets are 30% more dense than regular wood pellets and contain 16% more energy per kilo. Torrefied pellets are hydrophobic and therefore not subject to deterioration and out-gassing during shipment or storage. Torrefied pellets are more easily ground, which reduces the processing cost at the utility. The new plant design will maximize product yield by efficiently matching the volume of produced synthetic gas from the process of Torrefication to the energy requirements of the plant. The Company plans to apply for patents on the Intellectual Properties it has developed and continues to develop. The systems and equipment being developed position the Company at the forefront of the Torrefied pellet industry.
