Renergen (ASX:RLT) is producing liquid helium at the Virginia gas project, South Africa – The Market Herald

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  • Renergen (RLT) becomes the world’s newest producer of liquid helium after reaching the milestone at the Virginia gas project in South Africa
  • It comes after the company officially turned on the hydrocarbon-producing plant in September 2022 but faced delays in producing liquid hydrogen
  • Renergen CEO Stefano Marani says that reaching this milestone is “a truly spectacular achievement” and that “all components of the Phase 1 facility are now operational”.
  • The helium module is now operational and being optimized
  • RLT shares last traded at $2.02 on January 20th

Renergen (RLT) has become the world’s newest producer of liquid helium after reaching the milestone at its Virginia gas project in South Africa.

It comes after the company officially turned on the hydrocarbon-producing plant in September 2022 but faced delays in producing liquid hydrogen.

The Virginia project is South Africa’s first commercial liquefied natural gas facility.

“Having the helium plant operational and producing liquid helium is a truly spectacular achievement by the team that worked hard to reach the major and critical milestone,” said Stefano Marani, CEO of Renergen.

“All components of the Phase 1 facility are now operational and South Africa joins the ranks of only eight countries in the world producing this rare and valuable liquid.”

Renergen said the helium module is now operational and being optimized.

RLT shares last traded at $2.02 on January 20th.

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