2014

TexCom Awards Contract to Lurgi PSI for Design and Construction of 35 Million Gallon Bio-Diesel Facility in Seabrook, Texas

    HOUSTON, May 5 /PRNewswire-FirstCall/ -- TexCom, Inc. (OTC Pink Sheets:  
 TEXC) announced today that it has executed a Preliminary Engineering
 Agreement with Lurgi PSI, based in Memphis, Tennessee, to build a 35
 Million gallon per year Biodiesel Plant at the LBC bulk liquids terminal in
 Seabrook, Texas.
     This facility is the first of several Biodiesel production sites that
 TexCom currently plans to build and operate in the south central United
 States.
     TexCom had previously announced the signing of a Letter of Intent with
 LBC to locate the 35 million gallon per year biodiesel plant at LBC
 Houston's Seabrook site. LBC, based in Paris, France, is one of the largest
 owner/operators of bulk chemical terminal operations in the world. The
 TexCom plant will utilize existing and newly added on-site storage capacity
 and other terminal facilities owned and operated by LBC under a fifteen
 year lease agreement. The facility will allow transportation of raw
 materials and product via barge, rail and truck.
     The Engineering Agreement precedes the execution of a definitive
 Engineering, Procurement & Construction Contract ("EPC"). TexCom will
 execute the EPC when the project financing has been completed. Lurgi will
 provide the process technology, design and plant construction, utilizing
 its continuous process for converting soybean oil into fuel grade
 Biodiesel. Lurgi is recognized as a worldwide leader in the design and
 construction of Biodiesel facilities, having completed numerous facilities
 in Europe and currently building a plant in Iowa.
     The TexCom project design includes the capability to store conventional
 petroleum diesel, allowing TexCom to blend and market B20 and other
 biodiesel blends as well as B100 on site. Feedstock will be brought in via
 barge or rail to the site, located near the Houston Ship Channel, to
 produce the renewable fuel.
     Definitive feedstock and off-take agreements are currently being
 negotiated to ensure that at completion, the plant can move quickly to
 capacity.
     Lou Ross, President of TexCom Resources stated, "We have been working
 diligently for the past two years to put ourselves in position to enter the
 Biodiesel business. This facility will make a strong statement concerning
 our commitment and capability to execute our Biodiesel business plan. We
 chose to build at the LBC terminal in Seabrook, Texas because of its ideal
 location adjacent to the Houston Ship Channel."
     About Bio-Diesel
     Biodiesel is a clean burning alternative fuel, produced from domestic,
 renewable resources. Biodiesel contains no petroleum, but it can be blended
 at any level with petroleum diesel to create a biodiesel blend. It can be
 used in compression-ignition (diesel) engines with little or no
 modifications. Biodiesel is simple to use, biodegradable, nontoxic, and
 essentially free of sulfur and aromatics.
     Biodiesel is registered as a fuel and fuel additive with the
 Environmental Protection Agency (EPA) and meets clean diesel standards
 established by the California Air Resources Board (CARB). Neat (100
 percent) biodiesel has been designated as an alternative fuel by the
 Department of Energy (DOE) and the US Department of Transportation (DOT).
     About TexCom
     TexCom, Inc. is headquartered in Houston, Texas and is an early-stage,
 growth-oriented company with its primary focus on the production of Bio-
 Diesel. TexCom also has interests in liquid waste disposal servicing the
 petrochemical and drilling industries. Additionally, the company is engaged
 in exploration and production of oil and gas through its wholly owned
 subsidiary TexCom Partners, LLC.
     Forward-Looking Statements
     Statements contained herein and the information incorporated by
 reference herein may be forward-looking statements within the meaning of
 Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act").
 Forward-looking statements can be identified by the use of forward-looking
 terminology such as, but not limited to, "may," "will," "expect,"
 "anticipate," "estimate," "would be," "believe," or "continue" or the
 negative or other variations of comparable terminology. We intend such
 forward-looking statements to be covered by the safe harbor provisions
 applicable to forward-looking statements contained in Section 21E of the
 Exchange Act. Such statements (none of which is intended as a guarantee of
 performance) are subject to certain assumptions, risks and uncertainties,
 which could cause our actual future results, achievements or transactions
 to differ materially from those projected or anticipated.
     Forward-looking statements include statements concerning plans,
 objectives, goals, strategies, future events, or performance and underlying
 assumptions and other statements, which are other than statements of
 historical facts. These statements are subject to uncertainties and risks
 including, but not limited to, product and service demands and acceptance,
 changes in technology, economic conditions, the impact of competition and
 pricing, and government regulation and approvals. TexCom cautions that
 assumptions, expectations, projections, intentions, or beliefs about future
 events may, and often do, vary from actual results and the differences can
 be material. Some of the key factors which could cause actual results to
 vary from those TexCom expects include changes in natural gas and oil
 prices, the timing of planned capital expenditures, availability of
 acquisitions, uncertainties in estimating proved reserves and forecasting
 production results, operational factors affecting the commencement or
 maintenance of producing wells, the condition of the capital markets
 generally, as well as our ability to access them, and uncertainties
 regarding environmental regulations or litigation and other legal or
 regulatory developments affecting our business.
     Our expectations, beliefs and projections are expressed in good faith
 and are believed to have a reasonable basis, including without limitation,
 our examination of historical operating trends, data contained in our
 records and other data available from third parties. There can be no
 assurance, however, that our expectations, beliefs or projections will
 result, be achieved, or be accomplished. Readers are cautioned not to place
 undue reliance on these forward-looking statements, which speak only as of
 the date hereof. We undertake no duty to update these forward-looking
 statements.
      Contacts:
      Brad Barker        Greg Noble
      Brad@tcri.net      Greg@tcri.net
      713-914-9193       713-914-9193
 
 

SOURCE TexCom, Inc.

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.