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/

Going down! Probably until some news but due to consolidation putting off smaller investors and little interest from larger scale investors yet.

GTL Bid: 180p Offer: 195p Change: -17.5


There went rational market theory!! Or has there been an announcement of which I am not yet aware?

Accelerating, too: GTL Bid: 180p Offer: 190p Change: -20

Reference my earlier post 641 im now expecting 130 bid by end of this week

wow, the consoldiation has sure not come up trumps. Buying Op or stay clear?

the spread's still huge, taking profits from SYM for GTL i think

stay clear for now

hows it going to go up staying clear, plant opening dec.it will go up dont panic.

simon go boil your head
stay clear
what planet you on

now now children

Just my opinion deadfred, time will tell who is right

Someone is trying to manipulate the price! But that is the risk when the price is higher.
In the long term I am confident once the plant is in operation but in the short term ouch!
The good news is volume is pathetic so change can occur easily both ways.

A good buying opp I.M.O, I picked up a few to round of my holding.

hoping to do the same

Pics from Ethanol Producer Magazine of GTL's plant.

http://ethanolproducer.com/plant-images.jsp?plant_id=302&image_id=59

Its the low before the big rise, should open within the next two weeks... ;) then BOOM

you would have thought the market might have anticipated the boom and not sent the shares tumbling wouldnt you GHJ?

The spread's fallen to 2.5%, that's one positive from the consoldiation.

GTL Bid: 195p Offer: 200p Change: 2.5

traded up some profit from symphony for some GTL today- S.P.'s got to have considerable upside after the announcement re.the new plant.
My most heavily invested share now.