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Southridge Signs $35 Million Ethanol Sales Agreement
By Mr Ethanol | October 1, 2008
Your Renewable News:
Southridge Enterprises, Inc. today announced that it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 15 million gallons of ethanol per year. Deliveries are expected to begin in October 2008. The ethanol is being sourced from Petrozilian Energia SA (PES) from Brazil.
Over the last several quarters the company completed several similar ethanol sale transactions with European based buyers.
However, this new transaction with JHTG is a direct result of our increased exposure from the Company’s market awareness program in the Asian Pacific Rim. The Company expects this to be the second of many purchases to come from that region.
Dallas-based Southridge is developing ethanol plants in El Salvador and Brazil.
Topics: Ethanol, Industry, Investing |
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