Welcome to GTL Resources
New registered office address: GTL Resources Plc, City Point, 1 Ropemaker Street, London, EC2Y 9HT, UK. London phone number 01642 794000
IRE PERFORMANCE UPDATE
For February pictures and update of expansion project see Ethanol Projects
To View 2008 Interim Report Click Here
AIM Rule 26 Information Click Here
The strategy of GTL Resources is to produce ethanol from corn and other feed-stocks with quality counterparties. GTL manages all aspects of a project: finance, feedstock supply, production and marketing. In 2005 GTL acquired the majority interest in Illinois River Energy (IRE) to build a 50 million gallon per annum (mgpa) ethanol plant at Rochelle, Illinois. In 2006 the IRE Plant commenced production on time and on budget. In July 2007 GTL raised further funds to finance the expansion of the IRE facility from 50 to 100 mgpa. The IRE expansion commenced operations in late 2008 ahead of schedule and under budget.
GTL intends to maximize IRE’s profitability through investment in process control enhancements and other second generation technologies emerging in the ethanol industry. In addition, GTL intends to expand within the ethanol industry by entering into strategic partnerships that are developing around these second generation technologies.
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