SOURCE: TexCom, Inc.

October 18, 2007 06:00 ET

TexCom Acquires Biodiesel International Corporation to Develop Crusher and Biodiesel Plant in Paraguay

HOUSTON, TX--(Marketwire - October 18, 2007) - TexCom, Inc. (PINKSHEETS: TEXC) announced today 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.

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. A combined crushing and biodiesel plant will provide value for both TexCom and the region," stated Lou Ross, C.E.O. of TexCom.

Paraguay produces more than 6 million tons of soybeans annually and is devoting more croplands to sunflower and canola. The majority of the country's existing oilseed production is currently exported to international markets. The creation of value added downstream products are expected to add jobs and economic benefit that Paraguay does not currently realize.

Paraguay's Ministry of Industry and Commerce projects that a plant of this size will provide considerable economic value to the region, including the significant creation of direct, indirect and construction jobs for the project. Long term, this job creation and the increased value added products produced at the plant are expected to have a substantial economic impact for Paraguay.

The flexibility of the crushing plant will allow local farmers the option to increase plantings of crops that produce higher oil content such as canola and sunflower, thereby increasing both the oil yield and revenue per hectare.

Paraguay has a mandate to include 3% renewable content in diesel fuels in 2008 and 5% in 2009 and beyond. "This plant will allow Paraguay to leverage its strength in agricultural production to provide additional economic value in-country while reducing its need to import virtually 100% of its fuel," continued Ross.

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. Pending financial commitments, negotiation of construction contracts and all necessary approvals, TexCom would begin construction of the facility by mid-2008.

Abram Janz, Chairman of BIC, said, "We approached TexCom some months ago because of their experience in planning, construction, funding and operating biodiesel plants. This outcome allows us to work as a team using BIC's international experience and business relationships in Paraguay with TexCom's operational and project experience in order to develop this world class plant."

About TexCom, Inc.

TexCom, Inc. is headquartered in Houston, Texas and is an early-stage, growth-oriented company with its primary focus on the production of biodiesel. TexCom is also expanding its interests in liquid waste disposal servicing the petrochemical and drilling industries.

For further information on TexCom Resources please visit:

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