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/

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

unless oil keeps slipping

Only needs $20 price to be profitable.

ive got $21 they can have
lol

potts old son need to ask a question

i had a good m8 in the forces with the name potts never heared it since

was just wondering if you could tell me if it is a large name base as i was thinking of trying to find him

just askin if your name aint for real i appol=y

lol

can you remember his first name?

Not much to say here except training of staff should commence soon, with plenty of tea breaks I hope.

As of October 2006 the overall work continues to progress on time and on budget. Plant staff have now been identified and will commence training on the second half of October, preparatory to a December 2006 start up.

Just a thought - How many stockmarkets is GTL quoted on?
I have never followed stocks on multiple exchanges, but presumably the main market for them is the U.S. If so are we likely to mirror them?

I have no idea - driver?

HARRYCAT
Just on AIM there was talk of joint market for a time because you could keep your stock in an ISA but not any more.

Cheers guys.
Was interested 'cos it would seem to make sense, if GTL which is based in the U.K. but has all it's interests in the U.S., shifted it's listing to the U.S.
It will have to report all it's acconts in $ to start with & convert to sterling which doesn't seem ideal at the moment.

If there are enough dollars I'll count them!

So the weakness of the dollar cant be doing GTL's share price any favours - could be whats holding it back?

Maybe. One other point is that, although I don't follow the futures market, GTL will presumably have to tie U.S. farmers into contracts for maize, which will probably upset the price a bit. I can't see them wanting to buy on the open market, unless imports are cheaper.
Hmmm.....might be worth converting a bit of the garden in to cash crops.....!!!

The subsidies were in dollars and wouldn't a better sterling price bring down the build cost it is only after it will be a problem.