Renergen has commenced commercial sales of liquid helium from its Virginia Gas Project in South Africa. Achieving cooling levels of -269˚C, the company aims to produce 350kg of liquid helium daily in Phase 1, while Phase 2 targets 4,200kg per day. Estimated revenues range between R5.7 and R6.2 billion.
Renergen, a natural gas and helium producer based in South Africa, has initiated commercial sales of liquid helium. The company reached essential cooling levels of -269˚C to successfully fill Dewars, which can hold between 250 and 500 liters of liquid helium. This significant achievement was realized on March 13, with sales commencing the following day.
Liquid helium is generated from natural gas sourced from Renergen’s Virginia Gas Project located in the Free State Province. This project is projected to generate substantial revenue, estimated 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 of the project is designed to produce 350kg of liquid helium daily while concurrently generating 2,700 gigajoules of liquefied natural gas (LNG) each day. In contrast, Phase 2 aims for a significant increase, targeting 4,200kg of liquid helium production per day alongside approximately 34,400 gigajoules of LNG.
Renergen’s launch of commercial liquid helium sales marks a milestone in natural gas production in South Africa. With strategic phased developments and a well-defined production capacity, the Virginia Gas Project is poised to make significant contributions to revenue generation and the helium market. Overall, Renergen’s operations are set to elevate the country’s position in the global energy landscape.
Original Source: energycapitalpower.com
