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/

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!"

Has anyone read the Traders thread - "ETHANOL -> will move Grain Prices"

It really, really, doesnt make good reading for GTL and therefore us.

GTL Resources PLC - Notification of Interest
RNS Number:9717P
GTL Resources PLC
23 January 2007


For Immediate Release 23 January 2007


GTL Resources plc


('GTL' or the 'Company')


Notification of Interest



The Company was notified on 20 January 2007 by Schroders plc that Schroder
Investment Management Limited had an interest in 1,300,000 Ordinary shares of
GTL Resources PLC representing 5.726 per cent. of the issued share capital of
the Company.



Schroder Investment Management 1,300,000 shares
Limited



If you require any further information concerning this notification, please
contact Andrea Rowe of Schroders Plc on Tel: +44 207 658 2521.



End

Bought some more this morning and thought for ages I was on my own break even is now lower.
Then the RNS and a bit of buying but still sellers which leaves me gobsmacked.
I understand waiting - But Sellers?
All IMO of course.

It's nerves over the ethanol/corn price situation, no doubt.

almost certainly soul - IMO only thing holding the S.P. back, that may sound good but It's a pretty serious problem for GTL.

Not if the company confirm they are operating on fixed prices and rough time span in a RNS. Annoying thing is this could be done now.

They may have bought the corn for a fixed price throughout next year but I doubt anyone has bought their foward output of ethanol and the price of ethanol is dropping relatively quickly.

Looks like Bush's speech is due very shortly.

Bush's Speech