Biomass Secure Power announces option to lease land
October 23, 2012, Abbotsford, BC – B.C.-based Biomass Secure Power Inc. announced that it has entered into a 90-day Option to Lease 90 acres of land from the Greater Baton Rouge Port Commission.
This option was approved October 18 by the Port Commission.
Biomass Secure Power expects to complete a long-term lease agreement with the Greater Baton Rouge Port Commission by December 31, 2012.
In 2011, Canadian Biomass magazine reported that Biomass Secure Power Inc. gave shareholders an outline of its three-year growth plan, including five plants. The company said it was in various stages of development of five plant sites that would be designed to produce three and a half million tonnes of pellets per year with gross revenues expected to exceed $650 million per year.
The first plant was expected to commence production in 2012, with plants two and three to be commissioned in 2013. Plants four and five would come online in 2014. The company was actively seeking additional plant sites to meet targeted production of five million tonnes of biomass pellets per year by end of 2015.