TexCom building biodiesel plant at Seabrook terminal

TexCom has broken ground on a biodiesel plant at the LBC Houston terminal site in Seabrook, Texas.

The plant is expected to be online in December 2007 producing 35 million gallons of B100 biodiesel annually.

It's also to 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.

"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. 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," said Lou Ross, CEO of TexCom.

TexCom and its equity partner, US Renewables Group, have signed an engineering and construction contract and completed project financing with Stearns Bank of St. Cloud MN.

"Today is the result of a focused commitment that we made in 2004 to enter biodiesel production," said Ross.

Headquartered in Houston, TexCom is pursuing expansion in biodiesel production and other energy related businesses

LBC is the second largest tank storage company for chemical products and related services in the world.