Biomass Secure Power will manufacture Biocoal used in power plants currently burning coal. Biocoal reduces CO2 emissions by 96% fighting global warming
Biomass Secure Power Inc. (OTCMKTS:BMSPF.com)
CHILLIWACK, BRITISH COLUMBIA, CANADA, June 2, 2021 /EINPresswire.com/ — Biomass Secure Power Inc. (BSP) (OTC Pinksheets: BMSPF). BSP has signed an MOU with Daichu a Japanese trading company and Pegasus Commodities Ltd. Daichu has many years experience selling commodities into Japan. The MOU assists Biomass Power Louisiana LLC. (BPL) secure off-take agreements for Biocoal manufactured at Natchitoches Louisiana for Japanese market.
Daichu and Pegasus will represent patented technology to Japan market. BSP patents allow Biocoal to be briquetted at a high temperature making superior hydrophobic product. The second patent processes biomass under atmosphere producing Biocoal in a one step continuous process.
There is interest from Japanese power companies to license our patented technologies to build plants in Asia. BSP believes that power companies, in the future will follow the Drax plan by owning a significant portion of the supply chain for their power plants.
BSP’s Natchitoches plant will produce Biocoal, a replacement fuel for coal in power plants. The Company welcomes inquiries to licensing our technology or off-take opportunities.
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, President – CEO
Biomass Secure Power Inc.