Bull,
Here is my email to Jim Carroll, CEO, BMSPF. For whatever it is worth:
Dear Mr. Carroll,
I am current stockholder in BMSPF and have been for many, many years. You have a good product that should be in demand given the world's emphasis on Climate Change. With a new President in the USA and the Congress of the USA now in Democrat hands, the time is now to reach out with the idea of Biomass fuel to help solved the down generation periods in wind and solar. Texas just proved the need for a steady electricity supply that can surge when other generation systems fail.
But the problem in the USA is lack of Power Industry understanding of Biomass fuel and how it can solve major power generation issues. Below is a extract of an article about how PGE in Oregon shut down a coal power plant with 10-20 years of useful life because they failed to fully explore how Biomass is produced, delivered, and processed for use in coal fired plants. PGE thought the only Oregon based Biomass plant could only get the fuel to the plant by truck. We all know BMSPF will be able to move their product by truck, barge and rail. However, PGE gave up and took a large capital loss.
Please consider the following and please reach out to potential USA customers. In Ohio we have shutdown 17 coal fired plans over the past 7 years and more are on the line in 2021-2022. FirstEnergy, NRG Energy, Gavin Power LLC, AEP Buckeye Power, Dynegy, and Ohio Valley Electric all have coal fired power plants in Ohio with two (FirstEnergy) scheduled to close in 2021.
Here is the article extract I presented to BMSPF stockholders on IHUB.
I wonder why BMSPF is looking at Asia and Europe for customers when one exists in Oregon. Take a look at this section of an article written in July 15, 2020.
Once PGE decided it would no longer use coal to power the Boardman plant, PGE had to decide what to do with the facility.
The company briefly considered using natural gas as a fuel, but that did not please regulators nor customers. And while cleaner than coal, natural gas would still produce significant carbon emissions.
Corson said the company then considered torrefaction as a final option before closing the plant for good. Similar to roasting coffee, torrefaction chars woody biomass to a level similar to charcoal. This torrefied wood can then be used as an energy-dense fuel with a much smaller carbon footprint than coal.
Torrefied wood “certainly could be a viable fuel” at a plant like Boardman, said Matt Krumenauer, vice president of the U.S. Endowment for Forestry and Communities.
According to Krumenauer, torrefaction has benefits beyond the bottom line. It finds use for low-value wood, which in turn supports local timber jobs and can help make rural Oregon safer. Krumenauer, who is also the CEO of Restoration Fuels, said torrefaction can lead to a “reduction in wildfire smoke, reduction of overall wildfires.”
Currently, Restoration Fuels is focused on exporting torrefied biomass to factories in Europe and Asia. But the long term goal is to create a local market for biomass and the power it can create. Krumenauer and Restoration Fuels are currently building the first North American commercial scale facility in John Day, set to open this summer. (it is now operational)
PGE said the transportation costs were too high (trucking) but how did they get coal to their plant in the past. Simple: Rail.... and the BMSPF plant can ship by rail or barge.
My apology for such a long email but I feel we need to move forward at much faster pace if we are to be successful.
Thank you for your valuable time.
Regards
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