Excalibar president Tom Eisenman tells GlobeSt.com that the portplant will close as soon as the new facility is finished in late2003. The Houston-headquartered Excalibar has doubled its acreagewith the acquisition.

The port and Excalibar came to a mutual agreement for therelocation from the leased site in light of the Port of Houston'sexpansion plan for its petroleum coke operation, Eisenman says. Thecoke operation produces a black low-grade fuel and Excalibar'sminerals most often are white.

The Port at Greens Bayou Ltd. was the seller of the 18 acres.James H. Glanville of the Houston office of Colliers Internationalrepresented the seller. Eisenman negotiated for his firm.

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