Posted on 12/29/2006 11:27:23 AM PST by Red Badger
Houston, TX -- TexCom, Inc. (OTC Pinksheets: TEXC) held a groundbreaking ceremony on December 21 for its Houston Biodiesel, LLC plant at the LBC Houston, LP terminal site in Seabrook, TX.
"This terminal is ideally suited as our initial plant location. The site affords us the capability to bring in our raw materials such as soybean and other vegetable oils by vessel, barge or rail, " said Lou Ross, CEO of Texcom.
"The plant will benefit from the fact the Houston Ship Channel is one of the nation's leading ports in terms of the volumes of agricultural commodities that it carries."
The facility will store petroleum diesel and be equipped to provide fuel distributors with biodiesel/petroleum diesel blends such as B2, B5 and B20 as well as pure biodiesel.
The plant is expected to be online in December 2007 producing 35 million gallons of B100 biodiesel annually.
TexCom and its equity partner, US Renewables Group, previously announced execution of the engineering and construction contract for the Houston Biodiesel facility with Lurgi, Inc. of Memphis, TN and completion of project financing with Stearns Bank of St. Cloud MN.
Houston Biodiesel has entered into agreements with the Lansing Trading Group of Overland Park, MO for raw materials sourcing, risk management and hedging activities, as well as for off-take of biodiesel product.
"Today is the result of a focused commitment that we made in 2004 to enter biodiesel production," said Ross.
"Through this facility and additional expansion in the future, we plan to become a material factor in the domestic biodiesel industry. We are creating jobs, reducing our nation's dependence on fossil fuels, and producing a cleaner, more environmentally friendly fuel here."
Ross said, "Biodiesel is recognized as a critical part of the long-term energy solution for America. A strong period of growth is ahead for those companies that have shown the foresight to enter the space and the capability to capitalize on the increasing demand for cleaner energy."
For more information, call Bill Pettinatti at 713-914-9193.

Rest In Peace, old friend, your work is finished.......
If you want on or off the DIESEL "KNOCK" LIST just FReepmail me........
This is a fairly HIGH VOLUME ping list on some days......
Not bad.
Only a very small drop in bucket given that we use 4 million barrels (or 168 million gallons) a day but enough small drops may add up to something significant.
May be a nice profitable business though.
Ahh...the sweet smell of Houston Ship channel fragrances.
I love the smell of Diesel on a cold morning!..........
I read the other day that congress is handing out money to these plants like babbles at Mardi-Gras...
Just wait until they declare asphalt highways to be pollution.
BTTT!
They have already banned oiling driveways to keep the dust down and in the Great Central Valley farmers are being fined for too much dust from farm roads...
People's Republik of Kalifornia. No surprise there. However, wouldn't oiling the driveways and roads actually prevent dust pollution in the long term?
Water trucks and there goes all our precious water.
I recently had to have new seals installed on the fuel injector system on my diesel automobile. The repair shop told me that they have been working overtime because of all the people using biodiesel fuel. It seems that rubber hoses, seals and connections tend to corrode quickly when exposed to biodiesel. "Never use biodiesel," the shop owner said to me.
Does the general public know about this problem? It appears they are blissfully driving along in complete ignorance.
Yes that is a known problem, but only in older diesels. The new engines are supposed to have seals and hoses that will accept biodiesel. What year is your car?......
The "problem" lies in the pH of the biodiesel vs. The pH of petro diesel. "Homebrew" biodiesel kits include pH testing kits to allow you to add or subtract Sodium Hydroxide as necessary to adjust the pH of the mix. If you buy the bioDiesel from a reputable source, it should already be adjusted. But, as with anything, caveat emptor.......
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