Sue's Blog

Wednesday, September 06, 2006

Hey Stephenville look at this gem...

The latest news from Boursier

Bois BSL and Theolia have formed a partnership to develop a hardwood industrial energy plant near Chandler , Gaspesie region, Quebec . Analysis of Chandler 's natural resources is backed by excellent long term benefits in terms of location, quality, quantity and costs.

The industrial energy plant will include three product lines:

  1. Lumber production: a multi-format lumber cutting and drying unit. During the first phase of development the prepared lumber will be despatched to BSL Group's factories ( Matane, Mont -Joli and Les M├ęchins) for finishing.
  2. SMARTLOG production: this unit will produce BSL's latest high performance product: SMARTLOG; a high energy value log which burns slower and has a 30% higher heat capacity than a traditional log of similar size.
  3. Wood granule production: BSL's partnership with Theolia envisages production of wood granules for export to co-generation (heat and power) activities in Europe.

Theolia is a European renewable energy producer and is seeing strong European growth, with sites in Belgium (co-generation), France , Germany and Spain (wind power). Theolia plans to build a significant presence in Canada and is currently in negotiation with hydro-electric and wind power developers. Theolia has recently moved to Euronext Paris, with a market cap. of over 220 million euros. (visit ).

Mr Gino Ouellet, CEO of Bois BSL: We are delighted to be developing this project with the European clean energy group Theolia, as well as to be working with this under-valued resource.

Monsieur Jean Marie Santander, CEO of Theolia : We have the opportunity to work with a dynamic company whose vision is closely aligned with ours. We have demonstrated in Europe that it is possible to work with the environment and for profit, and are convinced that we will have the same results in Canada .

Mr Gino OUELLET added that the coming weeks will be concentrating on licensing, supply chain and validation of proposals.

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