Renergen to Supply LNG to South African Transport Co.
Johannesburg and Sydney-listed Renergen has agreed to supply LNG to South Africa’s Bulk Hauliers International Transport (BHIT), it said February 7 in a statement without disclosing the value of the deal.
Tetra4, a subsidiary of Renergen, will supply the LNG which will fuel fifty trucks using dual-fuel technology. The company believes this will significantly reduce operator costs and improve vehicle lifecycle maintenance.
“Tetra4 is proud to be associated with BHIT as they embark on their new venture to disrupt the local logistics market using cutting-edge technology and international best practice,” Renergen CEO Stefano Marani said.
BHIT operates a fleet of truck-tractor combinations, with a focus on the transportation of general freight and dangerous goods throughout Southern Africa.
“As a company, BHIT is committed to providing sustainable transport solutions. Running trucks on locally produced liquid natural gas fits in perfectly with this and we look forward to developing a successful partnership with Tetra4 and extending the benefits of LNG to our clients,” BHIT director James Cohen.
Tetra4, a vertically integrated gas producer, holds the first, and currently the only, onshore petroleum production license in South Africa. Last year, Renergen hired a Chinese company to supply equipment and technology for an LNG and liquid helium plant.