Wednesday, December 19, 2007
Dallas-based Southridge to construct ethanol facility in El Salvador
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DALLAS — Southridge Enterprises, Inc. today announced plans to construct an ethanol plant in El Salvador with a capacity of 5 million gallons per year (GPY). This new plant will serve as a bridge for the company's ethanol drying facility for dehydration of ethanol imported from Brazil en route to United States.
Photo not provided by Southridge Enterprises
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Southridge plans to export ethanol from Brazil and import it into the United States via its facility in El Salvador where the company can take advantage of the Caribbean Basins Initiative (CBI), a trade agreement signed in 2000 that allows Caribbean and Central American countries to export ethanol into the United States duty-free.
CEO, Ken Milken, commented, “Our initial plans are to build a facility that will have the capacity to dry up to 15MMGY of hydrous ethanol to be imported into the United States. The second phase would be to build the plant capable of producing 5MMGY of ethanol using sugar cane as feedstock. Having the capability to use feedstock grown and cut straight out of our backyard gives us a huge advantage. Bagasse, the fibrous material that remains from sugar cane, will be burned as fuel and cut down our energy costs by 75%. Lower energy and feedstock costs will bring our profits to record highs in the industry.”
Source: Southridge Enterprises
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