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/

Harry ... sorry, but a total non seq .... who says GM crops are not suitable for either human or animal consumption anyway

maddoctor
Of coarse we are interested in the price of corn but not overly interested that it effects our investment judgement may be the corn price will have an effect on GTL may be not the plant isnt even built yet lets see the revenue and profits before we can be the judge of the corn price effect.

October Corn Prices

http://www.agriculture.state.ia.us/grainhistory/octcorn2006.html

How High Can Ethanol Demand Drive Up The Price Of Corn?

http://www.farmgate.uiuc.edu/archive/2006/11/how_high_can_et.html

the plant should start up in dec.gtl will have a fixed price on corn with the farms thay will grow corn for gtl at this fixed price. dont panic about corn prices.

New Pictures November 7, 2006

Boiler Stack Installation and Grain Elevator Erection

not be long now, could be news soon.

Christmas likely to be sooner

okay, say an, optimistic, view is that nes will be released about the plant becoming opertaional. The shares shoot up 30% and everything's good for a few weeks and then the price will surely start to trail off again? As corn prices rise etc (Not meaning to start another debate of course)

same with most shares buy low sell high thats the game.

Decide your strategy now then. Hold for the long term, with possible dividends & steady capital growth, or take short term profit & accept that you are not going to get it right at every bounce.

ive put most of my eggs in glt, i think they will go far in the long term. if the plant makes lots of money, they might build another plant and so on. we can wish.

driver, how do you get two or more photos along side eac other?
Tah,
p

poldark
When you load them up make sure you get the end and the beginning of the other joined up. >< You can put many pics together like this.
http://www.moneyam.com/InvestorsRoom/posts.php?tid=10572#lastread

.

Off - Topic: I've never managed to post jpeg's on these threads. Can I ask how please?
Dumbo :-(

Bolshi,

All you do is get the URL of the picture (right click on it select properties), then click the little picture icon (the one on the right hand side at the top of the post a thread box on MoneyAM),

Now copy and paste the url into that box, and click ok.

It will put the html into the text entry box and when you post the message the picture will appear.

Ian

Thanks Ian. But what about pictures on, say, your desktop? ie no url.

I think the current lull between 2.05 pence and 2.25 is probably down to the iminent news on the beginning of production, i can easily see it hittling 3 pence or pounds post consolidation and possibly 4 after a few contract wins. anyone else think along similar lines?

i think they will go far 3 pence and a lot more i think. with more and more buyes each day.

I hope your predictions are considerably better than your spelling otherwise we are all doomed! :o)