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The Company is a project development company, which has historically focused on the development of projects relating to alternative fuels. In 2005 utilising its contacts it established an opportunity to participate in the rapidly growing US ethanol market and in September 2005 acquired a controlling interest in IRE.

 

Ethanol is a commercially proven and widely accepted renewable bio-fuel. The Enlarged Group has opened its first ethanol plant in Rochelle, Illinois which produces up to 115 million gallons of ethanol per year.

 

GTL's 85% initial interest in IRE was acquired through its wholly owned subsidiary, GTL Resources USA Inc. As part of the expansion fund raising GTL's interest in IRE has increased to 87%.

 

The shares of the company are listed on the Alternative Investment Market of the London Stock Exchange.