It has long been my theory that Drax and BMSPF have some form of partnership. All circumstantial evidence based on a number of facts such as Drax having a pellet transfer station right next to BMSPF's plant, Drax having three times the capacity at that station than they can produce at either of their pellet plants up river, BMSPF having to construct a conveyor system to get over the freeway to "somewhere" off their site, Drax strategically placing their two pellet plants far away from BMSPF's chipping plant on the Red River to tap into local fiber sourcing around each plant, etc.
Now, BMSPF formed a Limited Liability Corporporation (LLC) a while ago (commonly done in development) that had a 9 month option on the same property that went to the Port tonight for this new LLC for an option to lease. Drax also formed an LLC for the construction of their facility at the port called "Baton Rouge Transit, LLC" registered in Delaware.
The lease option that went to the Port's Board tonight for approval was on the same land that BMSPF had an option to lease on. This could be a BAAAD thing in the event that it was someone else that moved in and pushed BMSPF out of the picture. BUT, this new LLC, BR Port Services, was just created on 1/16/14 also in Delaware where Drax's LLC was formed (same MO) and using a name that doesn't have any referance to what is being built (also the same MO as Drax). What does this mean? I don't have the foggiest idea. :) But what it implies, if my theory is correct, is that this lease option isn't someone else pushing BMSPF off their turf and out of the picture, but someone involved with Drax (as my theory has been with BMSPF). The fact that the LLC was just formed at the last minute also leads me to believe that there has been interest in this property long before today and the only people in recent history that have had plans for that land (and going through the permit process) was BMSPF. Now for the glass half empty possibility . . . BMSPF lost their lease option under the LLC that they previously formed. BMSPF may not have been able to raise capital. BMSPF may not have been able to pull it together for one reason or another and flopped. Drax, has this transfer station with all of its excess capacity, could have stepped in and took up where BMSPF left off. It's a possibility. But if this was the case, why form a new LLC? Why not use their existing LLC? Could be because a partnership between Drax and BMSPF would necessitated a joint venture where each entity had some stake in the LLC that was now formed. It could also just be Drax trying to maintain their anonymous business practice until a disclosure is made and their previous LLC cover was blown. Could be both. Dunno.
Phillip
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