Biomass Secure Power Inc. (BMSPF)

[OCR8now]

Nothing has "disappeared"

The SAME project is alive and well, just in a new location.

The updates to the website are quite telling :)

biomasssecurepower.ca >>> CURRENT PROJECTS

In 2012 the Company was approached by Louisiana Economic Development (LED) to determine if Biomass Secure Power had an interest in building a pellet plant in their state. LED has presented BSPI with a very attractive package which includes $26.3 million of estimated benefits if we locate a plant in Louisiana. It was proposed that the pellet plant be built within the confines of the Port of Natchitoches.

Total construction costs for Phase I is estimated to be $137,000,000. Upon completion of Phase I the plant will have a production capacity of one million tones. Projected gross income of the plant is expected to be approximately $160 million with earnings before interest, taxes and amortization of approximately $47 million.