News Biomass Secure Power Inc. Announces Location of First Pellet Plant
Last update: 11/7/2011 11:07:00 AM
ABBOTSFORD, British Columbia, Nov. 7, 2011 /PRNewswire via COMTEX/ -- Biomass Secure Power Inc. (the "Company") is pleased to announce that the first pellet plant will be constructed in Cowichan Lake, British Columbia. The plant will be constructed on a 30 acres site and will initially have one production line producing up to 250,000 tonnes of pellets per year. The Company plans to use the production from this plant to fulfill an agreement announced May 18, 2011 with LG International Corp.
Jim Carroll President / CEO of the Company stated that the reception received from both city Council and fibre suppliers was a major factor in choosing Cowichan Lake as the location for the first pellet plant.
Cowichan Lake Mayor Ross Forrest stated, "We are extremely pleased to have a pellet plant project come to our community. He also stated that the permitting process should be completed within 30 days from the application date. Cowichan Lake council members will do everything they can to ensure that the project is successfully launched."
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 design and layout will be identical. The first plant will have a Torrefication system designed by the Company installed that will be capable of producing 50 to 80 tonnes per hour of Torrefied pellets. Once the Torrefication system production rate is proven the Company will move to 100% production of Torrefied pellets.
Torrefied pellets are 30% more dense than regular wood pellets and contain 16% more energy per kilo, and are hydrophobic and therefore not subject to deterioration during shipment or storage. Torrefied pellets are more easily ground, which reduces the processing cost at the utility. The new plant design will maximize the 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. The systems and equipment being development position the Company at the forefront of the Torrefied pellet industry.
Safe Harbour Statement:
This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results.
On Behalf of the Board,
BIOMASS SECURE POWER INC.
Jim CarrollPresident and CEOContact: 604 807 4957
SOURCE Biomass Secure Power Inc.
Copyright (C) 2011 PR Newswire. All rights reserved
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