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Renergen Switches On Virginia Gas Plant

Published: 2022-09-05 09:30:39 ET
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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”)


RENERGEN SWITCHES ON VIRGINIA GAS PLANT


Renergen is pleased to announce a major milestone, with the Virginia Gas Project (Virginia)
now operational, transitioning Renergen from explorer to producer status by producing liquid
hydrocarbons, with the helium module producing liquid in due course. Renergen has beneficial
use of the system and has commenced filling of bulk storage tanks to begin delivery of product
to customers.

Importantly, through commencement of operations, Virginia becomes South Africa’s first
commercial LNG plant. Renergen will now focus on ramping-up operations over the coming
months to full Phase 1 capacity which will play a key role in reducing the country’s carbon
footprint by substituting diesel in trucks and for commercial users.

Speaking about this major milestone achievement, CEO Stefano Marani said, “This watershed
moment in the Company’s lifecycle has finally arrived. This is a significant step on the path to
showing the world that Renergen can become a global player in liquid helium supply and a
material local supplier of much needed LNG.

“The transformation of the Company since first listing in 2015 has been truly incredible, and I
am very proud of the efforts, hard-work and determination of the team in getting Renergen to
the position we find ourselves in today. Virginia is a world-class project, and we will now focus
on ramping-up operations to full Phase 1 capacity over the coming months.”


Johannesburg
5 September 2022
Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital


For Australian Investors & Media, contact Citadel-MAGNUS

Cameron Gilenko, 0466 984 953

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