Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG). Renergen was listed on Johannesburg’s AltX securities exchange in June 2015 as South Africa’s first listed alternative and renewable energy company. Renergen listed on the Australian Securities Exchange (ASX) on the 6 June 2019, with the code RLT.
Renergen’s principal asset is its 90% shareholding in Tetra4, which holds the first and only onshore petroleum production right in South Africa, giving it first mover advantage on distribution of domestic natural gas. The production right was issued by the DMR and is valid for 23 years. Tetra4’s Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg. The exploration right covers a large area where gas emitting boreholes were identified through other mineral exploration activities. Several of these boreholes are flowing gas at high production rates, with high concentrations of helium, and have been doing so for decades. The Virginia Gas Project also benefits from being in operation, with a pilot compressing station producing CNG for use in buses in the area. Following the DMR’s award on 29 September 2017 of an Environmental Authorisation to construct all mid-stream and downstream facilities, Tetra4 has met all regulatory deliverables and contractual award of the New Plant is expected by June 2019, followed by completion and commissioning within 21 months. Tetra4 intends to decommission the compression station and begin exclusively producing LNG and liquid helium once the New Plant is operational. Tetra4’s natural gas offers a less carbon-intensive substitute for South Africa’s existing transport fuel, thermal fuel and power. The gas fields are situated in an energy scarce area, with high customer density and limited competition. The natural gas resource contains one of the richest Helium concentrations recorded globally.
Renergen is listed on Johannesburg’s AltX securities exchange as well as the Australian Securities Exchange (ASX).
Renergen’s principal asset is its 90% shareholding in Tetra4, which holds the first and only onshore petroleum production right (issued by the DMR) in South Africa which is valid for 23 years.
Tetra4’s Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg. The natural gas contains one of the richest helium concentrations recorded globally. The natural gas is also very pure with an average of over 90% methane, and almost zero higher alkanes, which reduces the complexity of liquefication.
The following major milestones have been achieved throughout the lifecycle of Renergen and the Virginia Gas Project:
Strategy and Objectives
- Expansion of the Virginia Gas Project
- LNG Processing and Production
- Distribution of LNG
- Helium Processing and Production
As an integrated alternative and renewable energy company that invests in early stage alternative energy projects, our direct environmental and social impacts are limited.
However, we conduct comprehensive analysis of the impact of our environmental, social and governance strategy on our operating environment on an ongoing basis. We strive to create long-term value for our shareholders but at the same time are committed to growth initiated on socially-responsible actions and behaviours. Our systems, processes, and standards are continuously improved upon, and we focus on reducing risks and increasing efficiencies.
Some of our sustainable initiatives include empowering communities through entrepreneurship and education and leveraging the value in our diversity.
Corporate Social Investment
We are committed to being a responsible corporate citizen, continuously looking for new ways to increase our impact and reach in South Africa’s disadvantaged communities. We are passionate about contributing to the communities in which we operate by improving the lives of the people in and around our sending areas.
At Renergen, we have some initiatives that we have committed to from small one-off initiatives to larger longer-term projects that are sustainable and provide greater benefits for disadvantaged South African communities.