Good stuff!
I also gleaned this out of the MD&A.
End of May is near!
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 have provided the end user with a draft copy of off-take agreement and we expect to finalize a 20 year off-take agreement by end of May. Several power producers in Europe and Japan are considering off-take agreements that will sell out phase one and and an expected additional 600,000 tonne to be built in phase two.