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/

soul
No numbers we won't know till we get an update but 16m looks small for the future of GTL IMO look at the sp of QXL


QXL Profits for year are set to be minimum 16million SP 840P M/Cap 270m

GTL Profits for the year ????????????????????????????SP 185p M/Cap 40m?????

This is going to go up and fast.

Driver lets no get silly and compare those 2 companies who are both compleltely different. People know what to expect from GTL - an ethanol plant. With QXL they can expect consecutive earnings growth over many years and perhaps an EBay takeover.

Driver also, with regard to one of your earlier posts, you said GTL was already earning revenue etc when it isnt.
the plant has to pass its tests etc and the ethanol before it can start selling - news of this I believe is expected this month.

Potts
Cheers for pulling me up but don't you think ebay just might want to sell ethanol it can be posted, well in the corn form at least.

A pair of vegetables together !

I hope so Driver

Just invested further at 189. My portfolio is now heavily weighted in GTL.

making a slight recovery now.

Most of the selling is by small holders at the moment who imo are just re-acting to short term news eg oil price and corn price, I brought in at 2.45 and have no concerns about this stock.

GTL will rise in medium term, as will oil.

What will be the price of ethanol if Crude is $100

Rogers Says Oil Will Rise to $100 After `Correction' (Update6)

http://www.bloomberg.co.uk/apps/news?pid=20601109&sid=azQIiqfEPt8g&refer=home

Made up some ground sicne the morning - I think when GTL update the market on the plant reaching its nameplate capacity and then the first details of the 1st months contracts and trading etc they will identify how much they are paying for their corn.
Now we've just got to bank on Bush making a pro ethanol speech

New thread posted lets try to stick to this one otherwise to fragmented.

laurie
Fragmented wouldn't here of it.

laurie .... is that the best and only kernel of wisdom that you can provide? .... i am amaized ..... lol

Cynic ... Ear! Ear!

that's just too corny! ..... any if you are not careful i'll squelch you!!!!!

Come on, this "humour" is really going against the grain.

It's almost as funny as GTL's S.P.

Thanks :o)


What's Bush saying in the photo, anyway?

"Ah recommend y'all start buying fuel made from bananas just like this one!"