JSE-listed gas producer Renergen on Monday announced that it has produced its first liquid helium at its Free State-based commercial liquid natural gas plant, known as the Virginia Gas Project.
The announcement comes just over a month since the producer started delivering South Africa’s first domestically-produced, commercial liquefied natural gas (LNG).
Read: Renergen starts delivering SA’s first locally produced commercial LNG (Dec 2022)
In a Sens statement Renergen noted that the helium module is now operational and being optimised.
“Having the helium plant in operation and producing liquid helium is a truly spectacular achievement by the team who went above and beyond to achieve the major and critical milestone,” adds Renergen CEO Stefano Marani.
“All components of the Phase 1 plant are now in operation, and South Africa joins the ranks of only 8 countries in the world to produce this rare and valuable liquid.”
The company says its plant will also be the first to host liquid helium processing technology in the country.
By late morning the share was up over 8% to R26.75.
Listen: Renergen CEO Stefano Marani on delivering its first domestically-produced liquefied natural gas (read the transcript)
Nondumiso Lehutso is a Moneyweb intern.