Renergen lifts 6% as helium production resumes
Shares of Renergen , the owner of the Virginia liquefied natural gas and helium project in the Free State, lifted 6% on Monday after it announced the production of helium at its operations.
Renergen has come under pressure as a result of the delay in getting helium production up and running. Prolonged plant maintenance between September 2023 had also hit its LNG volumes in its year to end-March Following the initial commencement of helium operations in early 2023, a leak in the helium cold box required the unit to be removed from the site and repaired, leading to significant delays.South Africans need to be in the know if we want to create a prosperous future.
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