Southridge’s director, Marcio Santos, has been working closely with the company’s Brazilian partners Durmundo Carasca (DCSA) and Briskul Transaccao (BTL) in the development of the ethanol plant.
DCSA has now completed its $5 million contribution for its 15% interest in the new facility. In addition, BTL has exercised its option to increase its position in Southridge Brasilia for an additional $3.27 million bringing its total interest to 35%.
