news24 Feb 2009 12:02
Reopening of Plant (GTL Resources)
TIDMGTL
RNS Number : 7753N
GTL Resources PLC
24 February 2009
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For Immediate Release24 February 2009
GTL Resources PLC
("GTL" or the "Group")
Reopening of Plant
GTL Resources PLC (AIM: GTL.L), the US based renewable fuels company, announces
that its ethanol production facility in Illinois, operated by its subsidiary
Illinois River Energy LLC (IRE), has resumed operations at a rate of 50 million
gallons per annum (mgpa). The Group recently announced a temporary shut down in
operations at IRE to determine the extent of structural damage in IRE's corn
receiving area.
Interim structural supports have been installed by the original builder of the
corn silo, as recommended by a team of independent engineers, to allow IRE to
resume operations safely. During the next few weeks these same engineers will
be observing progress. Upon their further approval, IRE plans to increase
operations up to its 100 mgpa nameplate capacity.
The root cause of the structural damage in the corn receiving area is still
under investigation and as of yet undetermined. As such, IRE management is still
developing a plan to provide for a permanent solution.In the meantime IRE
management continues to work cooperatively with its contractors and insurance
providers. Additional announcements will be made upon resumption of operations
at full nameplate