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/

Welcome to my new thread on GTL

GTL are building a new plant in the US to produce Ethanol the price of Ethanol has gone through the roof since they started building, the plant should be up and running before the end of this year, they have also said they may double there output to 100 million gallons.
50 million gallons gives an sp of 5p at the old Ethanol price.
This makes the sp look very cheap IMO
FT top tip last week see header.

Hi Driver

Nice thread, any chance you could copy and paste the whole FT tip article here?

onlyfools
The FT tip article was short and sweet on the April 15 2006, the article is in the header plus that he bought at 1.5p now 3.5p and that's it.

Some large buys going through today, bargain at .036

So much volume today and no one on this thread.

probably all to excited with the days progress or on other bbs, anyway its good to be firmly in the blue. gl

Cheers danny at least I know I'm not talking to my self again.

I wonder when we will hear the next update regarding progress of the ethanol plant....

only
I don't think we will here much for a while, but the plant is a head of schedule so thats good news heres a link to keep your taste buds going.

http://news.bbc.co.uk/nolavconsole/ukfs_news/hi/newsid_4940000/newsid_4948400/bb_wm_4948456.stm

I think it might take a bit of a hammering today judging by the large sells filtering through!!

jt
I cannot see any evidence of large selling 250k was the largest buyers still out way the sellers, its a good buying opportunity on any dip.

Apologies Driver I was looking at the wrong share! D'oh

http://www.timesonline.co.uk/newspaper/0,,2769-2157686,00.html

JT
Cheers, Ethanol is definitely a future fuel to be reckoned with.

http://www.timesonline.co.uk/newspaper/0,,2769-2157686,00.html

Renova Energy sales volumes are up they said today (ethanol produces) a rise of 13 pct to 6.11 mln gallons, driven by buoyant US demand, Renova Energy M/Cap is 65.5M against a M/Cap of 80m for GTL who are proposing to double their output to 100m when they get going. Looking at that it makes GTL M/Cap and sp look very cheap IMO.

Large buys today 2, 3, and 5m shares some one is accumulating.

Thats what I call a big buy 12m at the end.

Does anyone know the yield of gallons per acre when corn is used to produce ethanol.
thanks.
Giggin

giggin
I don't know but I found this.

The agricultural residues that could be harvested sustainably in the United States today, for example, could yield 14.5 billion gallons of ethanol-four times the current output - with no additional land demands.

giggin
From another board, also try link.

There are two key indicators in evaluating crops for biofuel production: the fuel yield per acre and the net energy yield of the biofuels, after
subtracting the energy used in both production and refining. For ethanol, the top yields per acre are 714 gallons from sugar beets in France and 662 gallons per acre for sugarcane in Brazil. U.S. corn comes in at 354 gallons per acre, or roughly half the beet and cane yie

or 2.5 gallons per bushel us corn. They are trying to increase this to 2.8 gallons

www.ethanol.org