Gas to Liquid
Commencement of Operations Started 28/12/2006
The strategy of GTL Resources plc is to produce liquids such as methanol and ethanol from stranded gas, corn and other feedstocks with quality counterparties. GTL manages all aspects of a project: finance, feedstock supply, production and marketing.

In line with its strategy of seeking to develop and exploit markets for alternative fuels, GTL has, since the beginning of 2001, concentrated primarily upon developing methanol projects, principally in Australia, and, more recently, ethanol project work. The Board has recognised the strategic benefits of acquiring a cash generative asset on a shorter time scale than the typical methanol construction time of three years. In furtherance of this strategy, on 6 September 2005 GTL Resources acquired a controlling interest in Illinois River Energy (IRE) to build an ethanol plant at Rochelle, Illinois, through its wholly owned subsidiary, GTL USA, which has been established for the purpose of investing in ethanol projects in the USA. GTL USA has invested in IRE by way of a subscription for units of IRE pursuant to the Unit Purchase Agreement.

This project has the advantage that the Plant is expected to produce revenues on a shorter time scale and at a significantly lower capital cost than the methanol plant in Australia.

The Company intends to further expand within the ethanol industry in the United States or other suitable markets by selective acquisition of low cost production facilities. The Company sees itself as a potential consolidator of ethanol plants in a particularly fragmented market.

FT Tip
GTL Resources, an Aim-listed company. It raised money to build an ethanol plant in the US. Raw materials costs have risen but the price of ethanol has gone through the roof. The earnings potential should be spectacular.

New Plant

Construction started at Rochelle, Illinois site in September and production from the 50 million gallon per annum ethanol plant is expected to commence in the fourth quarter of 2006. Following unusually mild weather in Illinois the project has progressed well and is on schedule and on budget. Whilst the Companys main efforts centre on the successful delivery of the US ethanol project at Rochelle, the potential expansion of that site to 100 million gallons is being investigated. In addition and consistent
with GTLs stated strategy for the expansion of its interests in the ethanol industry, other ethanol opportunities have also been identified and will be analysed. Pictures Of The Site Under Construction March 27, 2006 http://www.illinoisriverenergy.com/html/construction.html


Arden
http://gtlresources.com/documents/ArdenAnalystResearchNote.pdf
http://www.gtlresources.com/documents/ArdenAnalystResearchNote.pdf
BBC News Item On Ethanol
http://news.bbc.co.uk/nolavconsole/ukfs_news/hi/newsid_4940000/newsid_4948400/bb_wm_4948456.stm

Ethanol Priceshttp://ethanolmarket.aghost.net/
Ethanol as a Transportation Fuel
http://energy.ca.gov/afvs/vehicle_fact_sheets/ethanol.html

Annual report for 2006
http://www.gtlresources.com/documents/GTLAnnualReport2006_001.pdf
Pics from Ethanol Producer Magazine of GTL's plant.
http://ethanolproducer.com/plant-images.jsp?plant_id=302&image_id=59
Commencement of Operations Started 28/12/2006
http://www.gtlresources.com/
Economics of Ethanol
http://www.ces.purdue.edu/extmedia/ID/ID-339.pdf
2 July 2007 GTL Resources FY pretax loss narrows, plans 13 mln stg placing to fund expansion
http://moneyam.uk-wire.com/cgi-bin/articles/200707020705014067Z.html
GTL Web Site
http://www.gtlresources.com/

Morning cynic.

Matter not how I got there if the result is the same.

Well that's what I think anyway.

Fancy a little of TRP?

Answer me over there.

I have to admit a bit of a defeat on this one short term but Im sure it will come good when the revenue increases and the profit starts rolling in.

Having said that I greatly reduced at 155p at a loss may return when it picks up.

so m8, but i reckon you're nuts to keep holding this one .... even DOO, which has a much better chance of success, is struggling at the mo

cynic
It's to sad for words.

driver, sorry to see you in here at a loss.............

Why not join the 100k club on TRP.

Every penny counts.

anyone ,got some news on GTLs future prospects.Having lossed quite a bit,are the shares worth holding on to?

chesneywilliam
The news is they had to borrow another load of money to extend the production to 100m g, I greatly reduced at 155p at a loss may return when it picks up. Still looking at 300p-400p target when fully in production .

I think the whole concept is completely nuts.

seawallwalker
So do I but if it make's money???

True driver, but it don't!

Dilution, dilution, dilution.

Err, good short then ;)

Holden see you're here with your mate Cynic.Take care.regards lex:o)

p.s MoneyAM clocks are an hour fast!

Happy GMT my little ramper lex, does this mean you are going to follow me around now?

?

why should GTL prove successful?...... they are short of money and producing biofuel very inefficiently from market-sensitive foodstocks etc etc

Can't really see how GTL would be successful from here. I sold out in April at 138, held too long really but took my medicine in the end.

Solar stocks look a much better bet out of green stocks at moment, with pvcs, sit and sola on the watch list. Just have to decide which one is best, and best time to enter.

spitfire ..... read PTH on SOLA

Thanks Cynic, I don't often go short but I will look into sola.

Some very large sells at the end 930k GTL's looking a bit sad

why are you surprised? ..... GTL's process is "wrong" (see my various posts) and Wall Street is shitting itself