Biodiesel International
03-Aug-2010TexCom Acquires Biodiesel International Corporation to
Develop Crusher and Biodiesel Plant in Paragua
HOUSTON, TX--(MARKET WIRE) TexCom, Inc. OTC:TEXC. announced that it has completed its
acquisition of Biodiesel International Corporation (BIC) in conjunction with
its plans to construct an integrated grain crusher and biodiesel facility at
Puerto Triunfo, Itapua, Paraguay.
The planned facility will process 3,000 metric tons of oilseed per day, yielding approximately 205,000 metric tons (approximately 60 Million Gallons) of biodiesel and 790,000 metric tons of soy meal pellets per year. Initial feedstock will consist mainly of soybeans that are grown in the immediate area of the proposed production plant in the Provinces of Itapua and Alto Parana. Preliminary engineering for the integrated facility is in progress.
Feasibility studies and economic modeling nearing completion by Stancil & Company (Dallas) confirm excellent logistic and economic conditions for the project relative to the proposed site on the Parana River in southeastern Paraguay. "Stancil's studies confirm our own modeling and validate BIC's evaluation of the need for this type of facility at Puerto Triunfo. This region lacks oilseed crushing and processing capability even though it is one of the most prolific oilseed production regions in the world.
Contact:
Jim Painter Emerging Markets Consulting LLC 321-206-6682 JimPainter@EmergingMarketsllc.com
- TexCom, Inc. Britt Brooks 713-914-9193 britt@tcri.net
