Biomass Secure Power Inc. Agreement to Purchase Plant Site

Date : 11/17/2011 @ 8:00PM
Source : PR Newswire (US)
Stock : Biomass Secure Power Inc. (PN) (BMSPF)
Quote : 0.0096  -0.0004 (-4.00%) @ 9:57PM

Biomass Secure Power Inc. Agreement to Purchase Plant Site

Biomass Secure Power Inc. (PN) (USOTC:BMSPF)
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ABBOTSFORD, British Columbia, Nov. 17, 2011 /PRNewswire/ -- Biomass Secure Power Inc. (OTC:QB: "BMSPF") (the "Company") is pleased to announce that it has reached an agreement to purchase 27 acres in Cowichan lake, British Columbia. This is a major milestone for the Company as the first of three plants currently in development will see construction of the plant completed in 2012.  

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, 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 Carroll"

Jim Carroll

President and CEO

Contact: 604 807 4957

www.biomasssecurepower.ca

SOURCE Biomass Secure Power Inc.

Copyright 2011 PR Newswire

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