[RenewableEnergyAccesss.com] TexCom signed a letter of intent with LBC Houston, LP to build and operate a 30 million gallon per year biodiesel plant at LBC’s bulk liquids terminal in Seabrook, Texas, right on the Gulf Coast. The multi-million dollar plant will convert virgin soybean oil into biodiesel and utilize existing on-site storage capacity and other terminal facilities under a long-term lease from LBC. 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. Feedstock will be brought in via barge to the site, located near the Houston Ship Channel, to produce the renewable fuel. TexCom is in the process of securing funding for the project with a goal of getting construction underway by mid fourth quarter of 2005. Plans are to have the plant fully operational and producing biodiesel by the fourth quarter of 2006.