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/

GD Potts, from the latest Annual Report - GTL have an 85% controlling interest in IRE

G D Potts
Illinois River Energy (IRE) is owned by British-based GTL Resources, plc, which acquired controlling interest in early September of this year. Construction on the ethanol facility got underway Sept. 6 and is expected to be producing ethanol by late 2006.

http://www.illinoisriverenergy.com/html/nr051003.html

Ok, thanks was just making sure.

website has been updated for september

Hi Driver, can you tell me what is the news on the australian and Oman plants,

please.

dodgybob
GTL are only building one plant at the moment at Rochelle, there may be more plants in the future see post 238.

From the Results 08 August 2005 as far as know the below still stands.

The Australian methanol project remained stalled by the current reticence of gas
field owners to commit to the necessary long term contracts. The project is on
hold pending negotiation of a suitable gas supply contract and more favourable
exchange rates.

Cheers lindos

From the Web Site updates 6/10/2006
1 0CO2 Stack Installation
2 Methanator and RO Tanks
3 Methanator and RO Tanks

good good.

LOOKING good , good trading amount today and when I looked it was a 20mill lump

smiler
The 20m was a broker to broker trade, still blue at the end that's what we want to see.

will this make us retire? alright i will buy more. looking good as production is on target and on budget.

I think we can forget the methanol plants.
Theywill never happen.
At this price the shares are cheap as chips.
The large insitutions own 76% of the company.
With these people just sitting on
their shares the MM's have been able to force
the price down. When the price does move up it
will be quick and those who have sold will have
to be quick on their toes when it does move.
In my honest opinion the price has bottomed.

poldark
I agree, I think we saw the bottom last week and we are moving up from there as you say once GTL start producing ethanol and revenue the sp will respond and recover and these low prices will be history.

true, true, can't agree more, motor rise will be nice

The annual report for 2006 is now on the gtl website
36 pages long in adobe
happy reading
lindos

its amasing how many advfns are on here aint it

Including yourself Fred., nice to see a bit of volume it seems to be picking up towards production.

Annual report for 2006 (Also In The Header)

http://www.gtlresources.com/documents/GTLAnnualReport2006_001.pdf

ripping good read

did you look at the web page i posted on the other bb driver thought it was very interesting

the part that they are looking to provide 30% of fuel from ethanol in 2020 kind of got my attention

dead
Yes a good find dated this year as well, so GTL won't have much trouble getting rid of the stuff.

http://money.cnn.com/magazines/fortune/fortune_archive/2006/02/06/8367959/index.htm