Renergen gets $750m in phase 2 funding
Helium and natural gas producer secures funding from the US International Development Finance Corporation
SA helium and natural gas producer Renergen has secured $500m (R9.5bn) in debt funding from the US International Development Finance Corporation, and a further $250m from Standard Bank for the construction of phase 2 of its Virginia Gas Project in the Free State.
This will enable it to become a substantial liquefied natural gas (LNG) and helium producer in SA, which is sorely in need of energy and jobs...
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