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/

Shares Magazine says SELL GTL.

Well they have caught on at last.

Bio fuels are a non starter, they cost too much, make crop prices inflate so no one can afford to eat and which government would want staving voters?

None sir!

Especially this year in the US of A.

Indian Finance Minister P Chidambaram has said that it is "outrageous" that developed countries are turning food crops into bio fuels.
He said that countries like the US were doing so while the world's poor are struggling with surging food prices.

Delivering a lecture in Singapore, Mr Chidambaram said that using corn and other crops for fuel was a sign of "lopsided priorities".

He said that such an "uncaring" policy had to be strongly condemned.

Indian Minister attacks biofuels.

poo
And the sp goes up.

Why are the Indian Goverment not criticising OPEC for not increasing production.... pure hypocracy.

driver the price had already gone up, and may again yet but is will never get to where it was pre dilution.

I think this bio fuel nonsense is that.

Nonsense.

Feed the hungry and the fat, lots of corn bread and yams.

My thoughts, you may have your own too.

And what about corn fed chickens, what will they eat?

What will become of Mazola, thats the burning question?

poo
Let them eat cake.

Not a GTL knocker just the whole concept of bio fuels versus food prices which i see as a big problem.

Here, have another one.

http://www.guardian.co.uk/environment/2008/mar/25/biofuels.energy?gusrc=rss&feed=uknews

My chickens wont eat cake, they say it's not got enough vitamins and roughage in it for them

They all had constipation last time they had some.

Times Business -Skyrocketing corn prices hit ethanol profits

No cake, no point!

then make your own cake and put some vitamins in it. and some bran flakes to stop the constipation, that should do it. if the simptems dont go away. then rub some ky jell around the bums.

Not looking good here down another 12%

Well it was due for a bounce 22% up.

Forget these types of shares, their days are numbered.

GTL Resources swings to FY pretax profit but markets remain challenging
AFX


LONDON (Thomson Financial) - GTL Resources Plc. swung to full-year pretax profit in its first full year of production but said markets continue to be challenging.

The renewable fuels company reported a pretax profit of $8.4 million compared with a loss of $1.9 million while revenue rose to $135.2 million from $25.9 million year ago.

The group's ethanol plant in Rochelle, Illinois , exceeded expectations in terms of operating performance.

The company said crush margins have further worsened since the year end with corn prices at an all time high and that the current fiscal year may continue to experience higher corn prices.

However, GTL said it expects a higher market demand for ethanol as ethanol pricing will eventually follow corn futures pricing.

The company further said its project to expand the capacity of the IRE ethanol plant to 100 million gallons per annum (mgpa) from 50 mgpa of denatured ethanol remains on budget and ahead of scheduled April 2009 start-up.

TFN.newsdesk@thomson.com

rda/lam

The appetite for biofuel starves the poor - 10 July 2008

The evidence linking biofuel production to rising food prices can't be ignored. Between the start of 2002 and early 2008, basic global food commodity prices rose by 220 per cent. The global production of biofuels ethanol and biodiesel rose from less than 8m gallons in 2004 to an estimated 18m gallons in 2008.

The most rapid increase has been in the production of ethanol derived from corn in the US: rising from about 3.5m gallons in 2004 to an estimated 9m in 2008. This year ethanol production is forecast to consume 30 per cent or more of 2008's entire US corn crop.

Because of the surging price of agricultural commodities, Josette Sheeran, the executive director of the World Food Programme, has warned that a "tsunami of hunger" is sweeping through the poorer countries of the world. Robert Zoellick, the president of the World Bank, has said that as many as 100 million people in the world have been forced into poverty and hunger because of the dramatic increase in food prices. These are people who live on the equivalent of less than $1 a day and whose households spend 70 per cent or more of their meagre budgets on basic food staples. A debate is raging over the role biofuels, especially corn-based ethanol, have played in increasing food prices, and hence in the rising number of people going hungry.

Ed Schafer, the US Secretary of Agriculture, has said that biofuels account for only a few per cent of the rise in the price of food, an estimate that would seem unbelievably low.

One of the most reliable independent estimates comes from the International Food Policy Research Institute (IFPRI). IFPRI maintains the most sophisticated model of global agricultural commodity supply and utilisation, referred to by the acronym Impact. Based on that model, IFPRI estimates that 30 per cent of the increase in the prices of the major grains is due to biofuels. And now we learn that the World Bank's own unpublished forecasts suggest that biofuels have forced global food prices up by 75 per cent

Bouncing 23% up

driver, nice to see some upward movement after such a long time . I got burnt badley.

chesneywilliam Y
Yes nice to see this moving up for those still in I got out at 150p