E85, Inc., a Seattle-based company, plans to build a state-of-the-art 100 million gallon per year ethanol plant in Chaves County, New Mexico. The newly formed company has plans to build 10 ethanol plants in the United States. E85, Inc., is sponsored by Sterling Infotech Group, a diversified global business conglomerate founded in 1988 by entrepreneur C. Sivasankaran.

The Roswell area facility will create 45-50 high wage, full-time jobs as well as hundreds of construction jobs. Construction is expected to begin in spring 2007, with the plant running in mid-2008, and the total capital investment is about $150 million dollars, pending successful completion of due diligence.