An Minute Maid Park additional in
An surveys minute maid ballpark additional $1,000,000 minuite maid park understand in capital will be spent tocomplete the development phase of the project and bring it to the point offinal project financing. TexCom is currently in discussions with capitalsources to fund the project.ParaguayParaguay, a country of approximately 6.5 million people, is the sixthlargest producer and fourth largest exporter of soybeans in the world.Currently, the majority of oilseeds produced in Paraguay are shipped outof the country without further processing. TexCom's facility will provideincreased economic benefit to the region through the export of meal andvegetable oil as opposed to lower priced un-crushed oilseeds that may soonbe subjected to an export tax. The facility will create construction andpermanent operations jobs. TexCom is working directly with farmer'scooperatives in Paraguay to meet their need for crushing capacity withinthe country.FacilityThe facility will ship biodiesel, soybean oil and soy meal by barge fromits site on the Parana River, taking advantage of the fully developedexisting barge traffic on the river system, delivering products to theports at Rosario and Buenos Aires. One of the country's primary roadwaysystems will be utilized to receive soybeans, canola and sunflowerproduced in the region.The port facility developed by TexCom may also serve as a port throughwhich Coops can sell excess crop production over and above that needed byTexCom.
As well, it will be an ideal receiving point for necessary seedand fertilizer that the farmers import for their crops, thus providing anadditional revenue stream for TexCom minute maid seating . Revenue from the core crushing andbiodiesel plant is projected at over $500 Million annually at currentcommodity prices and full capacity operation.Strategic LocationTexCom has secured a site at Puerto Triunfo on the Parana River forconstruction of an integrated 4,000 metric ton/day oilseed crushing and 60Million gallon/year biodiesel plant minite maid park . The site is near the only majorhighway in this region that provides easy access to oilseed producers,making it one of the nation's optimum locations for such a facility minutemaid park . Thesite has year-round river transport access to the port of Buenos Aires andworld markets minute maid . Approximately half of the raw material requirements for thecrusher can be procured from within a 37 mile radius of the site and 100%from within 75 miles.To date the following milestones have been met:Feasibility Studies: Independent Feasibility studies and an EnvironmentalImpact Assessment for the planned project are complete Economics for theproject are extremely attractive. TexCom has developed excellentrelations with both the government and the agricultural community inParaguay, resulting in strong local interest and support.Plant Technology: Plant technologies have been selected. The crusher willbe fabricated in South America using proven design technology.
Candidatesto serve as the general contractor for the overall project have beenidentified.Preliminary Engineering: A Houston engineering firm is conducting thepreliminary engineering for the entire facility minute maid stadium . The preliminaryengineering work and capital cost estimate are near completion.Availability and Sourcing of Feedstock: A detailed analysis has beencompleted by an agronomist and consultant in Asuncion retained by BIC minuite maid park . Thereport includes data on annual production volumes of grains by individualfarm cooperatives minite maid park . Discussions regarding supply contracts have been heldwith farm cooperatives in Paraguay since the outset of planning . Thebenefit that this strategically located crusher and port will provide tothe cooperatives is significant, reducing farmer's costs for delivery ofproduct to market.Construction and Operating Arrangements: Construction will be under theterms of a lump sum, turnkey EPC Contract with the General Contractor,containing usual provisions for process and product guarantees, completionschedules, etc. Local sub-contractors have also been identified.Environmental Approvals: GeoMap, S.A. (Asuncion) has conducted a fullydetailed Environmental Impact Assessment, including identification ofapprovals and procedures for applications.