ABBOTSFORD, British
Columbia, March 5, 2013
/PRNewswire/ -- Biomass Secure Power Inc. (OTC:Pinksheet: "BMSPF")
(the "Company") is pleased to provide shareholders with an update
on the status of lease option at the Port of Greater Baton Rouge. The Company has set up a
wholly owned subsidiary in the State of
Louisiana to hold the pellet plant project, namely Biomass
Power Louisiana L.L.C.
Biomass Power Louisiana L.L.C. effective March 1, 2013 has secured a six month option to
lease the site on which they propose to build a pellet plant for a
payment of $50,000. Plans are in
place to build the plant in four phases over several years. The
scopes for phase one will be released for
tender April 2013
and construction is expected to commence summer 2013.
Phase one consists of three production lines each capable
of producing 340,000 tonne per year of biomass
pellets. When phase 1 is complete the company will have the
capacity to produce one million tonnes of pellets per
year.
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 340,000 tonnes
of pellets per line. This allows the Company to leverage the
engineering over multiple lines and several plants, as key
equipment will be identical in each plant. Public filings and
financial information on the Company can be found at:
www.sedar.com.
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.