About Us

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 50 million gallons per Year and is in the process of being expanded to 100 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 total project cost for the first 50 million gallon ethanol plant was $79 million, financed by a combination of debt and equity.

The Company’s share of IRE subscription monies was funded from proceeds of the issue of 1,920,000,000 New Ordinary Shares in the Company in August 2005. On 1 December 2006 every 100 ordinary shares of 1 pence each were consolidated into a new ordinary share of £1 each after which the number of issued share was 22,702,745.

On 24 July 2007 a further 9,286,000 ordinary shares of £1 Each were issues at £1.40 each and admitted to trading, thereby increasing the ordinary shares in issue to 31,988,745.

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