Selection of solvent is the crucial factor in development of a successful solvent extraction process. The equilibrium data needed pertain to selectivity and distribution coefficients for each individual components present in the system. In continuation with earlier work, the results of an attempt to provide a theoretical basis for predicting a suitable solvent for extracting ethanol from its aqueous solution are presented in this work. The approach used is based on the 3-D Hansen Solubility Parameters. The results obtained are compared for prediction of better solvent for separation with maximum error obtained 9.37%.