Southridge Enterprises Inc. (OTCBB: SORD)
Southridge Enterprises Inc. (OTCBB: SORD) is a development stage renewable energy company. Through its subsidiary, Southridge Ethanol, Inc. is engaged in the production and sale of ethanol. The Company’s strategy is to develop a bio-refinery and become the low cost ethanol producer of choice in the Southeast area of the United States. Southridges’ production plant is strategically located at Sledge, Mississippi, which offers an abundant supply of corn and a superior transport infrastructure. The Company intends to employ the latest cellulosic ethanol manufacturing technology to produce ethanol, thereby increasing the energy efficiency of its fuel-grade ethanol. SORD intends to accelerate its start-up plans by re-structuring and renovating an existing industrial unit into a state-of-art ethanol producing unit, saving considerable time and capital. The Company currently is targeting th e necessary financing to start production at its proposed 10 MMGY production facility. Thereafter, Southridge intends to scale-up its operations and increase its production capacity to 60 MMGY by 2010, and 100 MMGY between 2012 and 2013. Southridge Enterprises is currently the only ethanol producer in the state of Mississippi.
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