The foreign investment participation in the El Salvador plant stems directly from the effectiveness of the company’s Asian market awareness program currently being implemented by marketing firm Kikomaki.
The company began construction of the ethanol manufacturing plant in El Salvador in February 2008. The new plant will have a maximum annual capacity of 20 million gallons at a total cost of approximately $20 million.
The construction of the first phase of the facility is expected to be completed by early 2009, with the entire plant to become operational near the end of 2009 or in early 2010.
Ken Milken, president of Southridge Enterprises, said: The completion of the El Salvador facility will solidify Southridge as a significant US-based ethanol producer with a strong international presence in the ethanol industry. In addition, the rapid development towards the completion of our plant in Brazil will further launch the company towards its goal of becoming a major global supplier of ethanol.
