Renergen Opinion Update
Following on from my article in the Financial Mail last month I update my view regards latest deal
Renergen has signed its first agreement with a transport company whereby it will supply liquid natural gas (LNG) to Timelink - a Western Cape long haul trucking business - which aims to reduce energy costs
Virginia phase 1 is ramping up nicely with 120kg and 26 tons of LNG produced now daily to get to its expected average daily rate of 300kg and 50 tons respectively.
With deals already secured with Consol Glass and Italtile for the supply of LNG for VP1 pretty much all of the available platforms production is now in long term contracts adding some security to Renergen's revenue stream
Here is my note on the deal and Renergen