Renergen has initiated commercial sales of liquid helium, achieving necessary cooling levels of -269˚C. The helium is produced from the Virginia Gas Project in South Africa, with an estimated revenue potential of R5.7 billion to R6.2 billion. Phase 1 aims for 350kg of daily helium production, while Phase 2 targets 4,200kg.
Renergen, a producer of natural gas and helium, has officially commenced commercial sales of liquid helium. The company reported that it achieved cooling levels of -269˚C on March 13, a crucial milestone that enabled the products to be marketed the very next day.
The helium is derived from the company’s Virginia Gas Project, located in South Africa’s Free State Province. Renergen anticipates that this project will generate between R5.7 billion ($313.7 million) and R6.2 billion ($341.2 million) once both Phase 1 and Phase 2 reach full production capacity.
Phase 1 is designed to yield 350kg of liquid helium daily while simultaneously producing 2,700 gigajoules of LNG every day. In contrast, Phase 2 is projected to increase production to 4,200kg of liquid helium daily alongside approximately 34,400 gigajoules of LNG.
In conclusion, Renergen’s achievement in commencing the commercial sales of liquid helium marks a significant milestone for the company and the energy sector in South Africa. With both phases of the Virginia Gas Project poised for substantial production, Renergen is set to enhance its market impact and contribute to the region’s economic growth.
Original Source: energycapitalpower.com
