A sales agreement to supply 20 million gallons of ethanol a year to the Hong Kong based Jinsung Ho Trading Group  has been announced by US company Southridge Enterprises, Inc. The deal, which will commence in October and is worth an estimated $48m, sees Southridge sourcing the ethanol from the Brazilian company Petrozilian Energia SA.

Over the last several quarters the Southridge has completed several similar ethanol sale transactions with European based buyers. However, this new transaction with JHTG is, says the company, a direct result of its increased exposure in the region following a concerted market awareness program in the Asian Pacific Rim.