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/

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

Tomorrow looks promising after George Bush's State of the Union address tonight. BBC talking about strong push to use Ethanol.

In his first State of the Union address to a Democratic-controlled Congress,
President Bush is calling for Americans to slash gasoline consumption by up to
20 percent by 2017.
Bush envisions the goal being achieved primarily through a sharp escalation
in the amount of ethanol and other alternative fuels that the federal government
mandates must be produced. The rest would come from raising fuel economy
standards for passenger cars, Joel Kaplan, White House deputy chief of staff,
said in advance of Bush's Tuesday night speech to a joint session of Congress.
The president is proposing to set the amount of ethanol and other
alternative fuels to be blended into the fuel supply at 35 billion gallons by
2017, up from 7.5 billion gallons in 2012. He also wants to expand the standard
to include not just ethanol but a wide range of oil alternatives, such as
biodiesel, methanol, butanol and hydrogen, Kaplan said.
Though some argue that such a drastic increase is unrealistic, Kaplan said
the White House is banking on the new mandate -- which would need approval from
Congress -- spurring investments in the industry and giving technological
research a boost.
The other piece of Bush's energy proposal is something he has unsuccessfully
asked Congress for in the past -- the ability to rewrite mileage rules for new
car fleets. The White House calls it a safe way to improve car mileage, but some
critics suggest that it could instead spur automakers to produce more gas
guzzlers.
The Transportation Department already has revamped its the rules for
pickups, sport utility vehicles and minivans, setting a sliding mileage scale
that is based on a vehicle's size. The overall standard was increased slightly;
smaller vehicles now must meet higher mileage requirements than do larger ones.
The biggest SUVs were exempted until 2011.
Bush wants the same ability to reform mileage rules for passenger cars,
which today must meet a fleet average of 27.5 miles per gallon, a standard
unchanged in two decades. He would include a system of trading or "banking"
credits to meet new standards, Kaplan said.
In the 9 p.m. EST speech, the president goes before lawmakers with a
much-abbreviated topic list, hoping to capture the public's attention at a time
when 2008 presidential contenders and Capitol Hill's new Democratic leaders
present fierce competition. So he is dangling new and recycled ideas before
lawmakers in four key areas -- energy, education, immigration and health care.
With debate over the Iraq war sending Republicans scurrying away from the
president and his job approval rating hovering in the mid-30 percent range,
Bush's overall agenda was twofold: present himself as a leader with a sincere
desire to work across party lines and pressure on Democratic leaders to either
go along or offer alternatives.
The White House has promised the president will be bold. But spiraling war
expenses and huge federal deficits preclude anything too costly.
But the cold reception that Bush's ideas on health care received on Capitol
Hill in the days ahead of the speech offered a striking reminder of the
difficulty he faces in the new climate.
The president is proposing to change to how the tax code treats health
insurance, by counting employer contributions toward health insurance as taxable
income while establishing a standard deduction for anyone with insurance. The
White House says it would introduce increased market forces to the health care
industry and make coverage more affordable for the uninsured. Aides estimated
the plan would represent a tax increase for only about 20 percent of
employer-covered workers.
Rep. Pete Stark, D-Calif., chairman of a key health subcommittee in the
House, said he would not even consider holding hearings on the proposal. He
dismissed it as a dead-on-arrival attempt to encourage employers to stop
offering health insurance.
"You can assume a lot of people are going to do the old 'it's dead on
arrival,' " White House press secretary Tony Snow said. "It's not. This is a
proposal that's going to make health care cheaper for 100 million Americans or
more."
On Iraq, Bush was not expected to rehash the speech he gave less than two
weeks ago laying out his revamped war plan, the centerpiece of which is a
21,500-troop increase in the U.S. military presence. Instead, he was to broadly
defend his stand that Iraq is part of a war on terror that will make Americans
safer.
Democrats scheduled freshman Sen. Jim Webb, D-Va. a Vietnam war veteran who
opposed Bush's invasion of Iraq, to deliver their party's televised response to
the president.
"They don't have a plan," Webb said in a preview of his remarks. "What they
have put on the table is more a tactical adjustment."
On Capitol Hill, the pushback from congressional Republicans to the troop
increase grew -- even on the speech drew near.
Three GOP senators and one moderate Democrat unveiled nonbinding legislation
expressing disagreement with the plan and urging Bush to consider "all options
and alternatives."
"We've had four other surges since we first went into Iraq," said Sen. Susan
Collins, R-Maine, one of the sponsors. "None of them produced a long-lasting
change in the situation on the ground."
In the House, members of the GOP leadership drafted a series of what they
called "strategic benchmarks" and said the White House should submit monthly
reports to Congress measuring the Iraqi government's progress in meeting them.
Meanwhile, majority Democrats intend to hold votes within days in the House
and Senate on tougher bills declaring that the troop increase is "not in the
national interest."
In other areas the president is expected to address:
--Health care. Bush will propose a tax deduction of $7,500 for individuals
and $15,000 for families regardless of whether they buy their own health
insurance or receive medical coverage at work. He also would subject
employer-sponsored health care benefits to taxation, meaning those with policies
worth more than the deduction would see a tax hike. But those who get policies
at work worth less than the deduction, the preponderance of workers with
employer-provided insurance, would get a tax break. Another proposal would give
some federal money now going to hospitals and other facilities to states for
programs to reduce the number of uninsured.
--Education. Bush will push for Congress to renew his education
accountability law, No Child Left Behind, which expires this year.
--Immigration. Bush will again push for comprehensive reform that goes
beyond tougher border security.