GTL Resources is one of the top bio-refining corporations, and it has a subsidiary, Illinois River Energy, that makes over 100 million gallons of ethanol each year out of a production facility in Rochelle, Illinois. GTL created the project, got the financing, organized the building, and now manage the business. The Rochelle site is strategically positioned next to a lot of corn because of the high-yield, abundant acreage around the plant. Plus, there is quick true access vis-a-vis interstate highways, rail access to ethanol markets, and cheap access to Dried Distillers Grains with Solubles, the acronym being DDGS.
GTL’s future strategy is to enhance and strengthen its ethanol to corn manufacturing mechanism and is currently looking into technologies that can convert its ethanol plant into a more modernized bio-refining facility. The emerging technologies it is looking at include those that would create additional revenue and profit, that would tack on to the current ethanol business. GTL is looking into mergers, acquisitions, and licensing. There are practical plans in place to secure these advances in ethanol production.
Other Important Details:
AIM Stock Symbol: GTL.
Non-Executive Chairman: Julia Henderson
Executive Director and Group CEO: Richard Ruebe
Non-Executive Director: Graham Wickham
Non-Executive Director: Dr. Martha Schlicher
Executive Officer, Vice President of Business Development and Commercial Director: Dr. Vince Kwasniewski
Executive Officer, CFO and Treasurer: Jeff Lemajeur
Executive Officer: Neil Jackel
To develop food, fuel, and technology for today and tomorrow all while preserving the environment. Values and people principles are a core element of GTL’s operating philosophy. Capability, expertise, and resources are used to infuse their people with energy and achieve their vision of the future. All this is done under the aegis of an ethanol production company. GTL believes that both people and technology make a difference in the economy.