Renergen's milestone in liquid helium production

Renergen Limited (ASX: $RLT) has successfully commenced the operation of its liquid helium production train, marking a significant milestone for the company. The phase 1 plant is now fully operational, with the company taking over complete operational control from the original equipment manufacturer. Since July 19, 2024, the plant has been producing liquid helium and has achieved remarkable results in optimizing the startup and cooldown processes.

CEO Stefano Marani's statement on the achievement

Despite the challenges encountered in reaching this milestone, we are thrilled to have achieved this significant development and to commence liquid helium sales to our customers. Our team has unequivocally demonstrated its capability to manage and operate this facility effectively in the face of challenges and under extreme pressure. The board and executive management take immense pride in this achievement, and we thank every one of our team who have worked tirelessly and made enormous personal sacrifices to make this objective a reality. It demonstrates our culture and shared values, passion and commitment that we collectively bring to the table each and every day. We can now declare South Africa one of a select few countries worldwide to produce liquid helium for the global market.

Summary of Renergen's liquid helium production milestone

Renergen Limited (ASX: $RLT) has achieved a significant milestone with the successful commencement of liquid helium production at its phase 1 plant. The company has taken over complete operational control from the original equipment manufacturer and has demonstrated impressive results in optimizing the startup and cooldown processes. CEO Stefano Marani expressed immense pride in the team's capability to manage and operate the facility effectively, despite the encountered challenges. This achievement positions South Africa as one of the select few countries worldwide to produce liquid helium for the global market, marking a notable advancement in Renergen's corporate strategy and future prospects.