JSE-listed liquefied natural gas and helium company Renergen says a US government agency has granted it a $40m loan to get its gas project in the Free State off the ground.
“Opic is pleased to partner with Renergen and provide financing to support private sector-led economic development in SA, expand trade and commercial ties between the US and Africa, and ultimately increase the global supply of helium,” said Opic vice-president for structured finance, Tracey Webb. “It is also a huge endorsement by the US government through the Opic of both the project and the significant importance of securing helium supply,” Marani said.
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