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Liquid Helium Production Online
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
("Renergen" or "the Company" or "the Group")
LIQUID HELIUM PRODUCTION ONLINE
The Company is pleased to announce that the liquid helium production train is now fully
operational and accumulating liquid helium (LHe) inventory for sale to our customers, whose
Iso-container is scheduled to arrive later this month for filling.
The Company has taken over complete operational control of the phase 1 plant from the
original equipment manufacturer (OEM) who has departed South Africa. Since July 19, 2024,
the plant has been producing LHe, initially utilising the output to cool the vacuum jacketed
pipelines and the inline helium storage tank to ~ 4.5 kelvin, a prerequisite to ensure that LHe
from the Helium separator once sent to storage remains liquid.
The optimisation efforts during the commissioning phase have also yielded impressive results,
evidenced by a significant reduction in timelines for the plant start up and cooldown processes.
For context, the initial startup and cooldown of the integrated LNG/LHe plant took over 65
days, while the most recent cooldown was accomplished in just 9 days.
As previously communicated in our announcement on June 11, 2024,
https://www.renergen.co.za/liquid-helium-progress/ a helium specialist from the United States
has been on-site since July 26, with our project, operations, and engineering teams providing
expert guidance through plant performance optimisation, fine tuning production operation and
control methodologies. His experience with several cryogenic helium plants has helped our
team greatly shorten what is typically accepted as an iterative process to optimal performance.
We intend to extend his service beyond this phase into ongoing support, and will also
encompass LHe elements of our Phase 2 project.
"Despite the challenges encountered in reaching this milestone, we are thrilled to have
achieved this significant development and to commence LHe sales to our customers. Our
team has unequivocally demonstrated its capability to manage and operate this facility
effectively in the face of challenges and under extreme pressure.
The board and executive management take immense pride in this achievement, and we thank
every one of our team who have worked tirelessly and made enormous personal sacrifices to
make this objective a reality. It demonstrates our culture and shared values, passion and
commitment that we collectively bring to the table each and every day. We can now declare
South Africa one of a select few countries worldwide to produce liquid helium for the global
market", as stated by CEO Stefano Marani.
Johannesburg
9 August 2024
Authorised by: Stefano Marani
Chief Executive Officer
Designated Advisor
PSG Capital
To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which can be found in the PDF version
posted on the Company's website.
www.renergen.co.za
For all media relations please contact:
investorrelations@renergen.co.za
For all US investors and media relations please contact:
Georg Venturatos – Gateway Group, (949) 574-3860
Ren@gateway-grp.com
Date: 12-08-2024 08:30:00
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