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Press Office - Reatile

Reatile

Reatile Group is a 100% black owned investment holding company formed in 2003 to take advantage of the opportunities presented by the economic transformation in industrial sectors of the South African Economy.

Reatile Group’s strategic focus is on the energy, petrochemical and industrial sectors.

Topic

Sasol production sharing agreement licence area development project, Mozambique

By: Sheila Barradas     24th August 2018 The production sharing agreement Phase 1 and Phase 2 drilling activities have been completed. 

Green hydrogen and renewable ammonia value chain development, Australia

By: Sheila Barradas     24th August 2018 Hydrogen Utility plans to build a 30 MW electrolysis plant and a facility for sustainable ammonia production.  

GAIL plans core, noncore diversification

By: Ajoy K Das     23rd August 2018 India’s State-owned natural gas marketer and infrastructure provider, GAIL India, is seeking to diversify into ‘core’ and ‘noncore’ business verticals that extend from solar power generation and electric vehicle charging stations to water transportation pipelines. The natural gas logistics major... 

Indian coal-fired power plants likely to miss new emission control norms deadline

By: Ajoy K Das     23rd August 2018 Indian coal-fired power plants are unlikely to meet the new emission norms by 2022, missing the deadline for the second time since the Environment Ministry first laid down compliance rules in 2015. In the 2015 notification, the Ministry made it mandatory for thermal power plants to retrofit... 

Place your bid on cranes and more from MHPS Africa

By: Creamer Media Reporter      23rd August 2018 It’s not every day that one of Africa’s largest players in the construction of fossil fuel-fired power plants goes to auction with one of its biggest crawler cranes. Mitsubishi Hitachi Power Systems Africa (MHPS Africa) have mandated GoIndustry DoveBid S.A to dispose of their surplus assets,... 

Place your bid on cranes and more from MHPS Africa

By: Maxine Arries     23rd August 2018 It’s not every day that one of Africa’s largest players in the construction of fossil fuel-fired power plants goes to auction with one of its biggest crawler cranes. Mitsubishi Hitachi Power Systems Africa (MHPS Africa) have mandated GoIndustry DoveBid S.A to dispose of their surplus assets,... 

Cabinet approves gazetting of updated IRP for public comment 

By: Anine Kilian     23rd August 2018 Communications Minister Nomvula Mokonyane confirmed on Thursday that Cabinet has approved the publication of the updated Integrated Resources Plan (IRP) and that it will be gazetted for comment by no later than August 27. Briefing media on the outcomes of the Cabinet meeting held on Wednesday,... 

Santos half-year profit doubles

By: Esmarie Iannucci     23rd August 2018 Oil and gas major Santos has doubled its interim underlying profit in the six months to June, as revenues surged. Underlying profit for the interim period was reported at $217-million, compared with the $109-million in the previous corresponding period, while earnings before interest, tax,... 

Linde, Praxair try to save $83bn merger after antitrust blow

By: Reuters     22nd August 2018 Industrial gases giants Linde and Praxair are in talks to try to salvage their $83-billion merger after US competition regulators demanded they sell assets that generate more than $4.3-billion in sales. Linde said on Wednesday the divestments were expected to reach a level that would allow either... 

EAIF backs billion-dollar Nigeria fertiliser plant

By: Anine Kilian     22nd August 2018 The Emerging Africa Infrastructure Fund (EAIF) on Wednesday announced the financial close of its 11-year $35-million loan to Indorama Eleme Fertiliser & Chemicals (IEFCL). The transaction is part of the financing of a $1.1-billion expansion of IEFCL’s existing fertiliser plant at Port Harcourt,... 

Trump proposes unwinding Obama's coal-plant pollution curbs

By: Bloomberg     21st August 2018 President Donald Trump’s administration on Tuesday unveiled its plan to dramatically weaken carbon dioxide limits on coal-fired power plants by shifting most of the regulatory burden to states in a further assault on the Obama climate legacy. The Environmental Protection Agency’s "Affordable... 

No concrete plans for now to douse high petrol price

By: Kim Cloete     21st August 2018 Energy Minister Jeff Radebe has lamented the sharp rise in the petrol price but has not announced any concrete plans to douse the situation. He says a cluster of Ministers has been seconded to see what government can do to mitigate high petrol prices. He expects the Ministers to report back to... 

South Africa's new coal-fired plants must have emissions technology

By: Reuters     21st August 2018 South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... 

Study initiated to assess conversion of Kelvin power station from coal to gas

By: Terence Creamer     21st August 2018 A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... 

India’s OVL and Sudan seek to settle default payments through fresh talks

By: Ajoy K Das     20th August 2018 ONGC Videsh Limited (OVL), the overseas arm of India’s national oil, gas exploration and production major ONGC, has agreed with the Sudan government to work out a mechanism to settle the $400-million outstanding dues of the Indian oil company. The decision to find a solution through negotiations... 

Xylem named to FORTUNE “Change the World” list

20th August 2018 Xylem among top 50 companies recognized for significant social impact Global water technology company, Xylem (NYSE:XYL), has been included on FORTUNE’s 2018 "Change the World" list, a ranking of 50 companies that have made a significant social impact through their core business strategy. Listed... 

Sasol FY18 headline earnings fall 22%

By: Anine Kilian     20th August 2018 Integrated chemicals and energy company Sasol on Monday reported a 22% year-on-year decrease in its headline earnings a share to R27.44 for the financial year ended June 30. Speaking at a presentation of the group’s results on Wednesday, joint president and CEO Bongani Nqwababa said core headline... 

Turnbull to cap power prices amid dissent over energy plan

By: Bloomberg     20th August 2018 Prime Minister Malcolm Turnbull has vowed to cap power prices in Australia in an urgent policy rejig aimed at winning over critics within his own party for the government’s energy plan. Amid reports he faces a revolt from backbench lawmakers over his National Energy Guarantee, Turnbull said the... 

Sasol says earnings down 22% in year to June

By: African News Agency      20th August 2018 Global integrated chemicals and energy company Sasol said on Monday its headline earnings per share dropped 22% to R27.44 in the year to June 30. Earnings before interest, taxes, depreciation, and amortization rose 10% to R52-billion and the company declared a dividend per share of R12.90. 

Key to a sustainable future: thyssenkrupp launches advanced water electrolysis

17th August 2018 As renewable energy sources continue their global success story, the demand for integrating them into the current South African energy and industry landscape grows. thyssenkrupp now offers a key technology for renewables integration: Industrial scale water electrolysis for large projects.... 

Construction advancing on eCobalt’s Idaho project

By: Anine Kilian     17th August 2018 Construction at eCobalt Solutions’ Idaho cobalt project, in the Idaho cobalt belt, continues to advance on time and on budget, the company said on Thursday. “Very good progress has been made at the project by our exceptional team of mining professionals,” CEO Paul Farquharson said in statement on... 

BP signs up for PNG LNG

By: Esmarie Iannucci     17th August 2018 The joint venture partners of the Papua New Guinea liquefied natural gas (PNG LNG) project have entered into a mid-term LNG sales and purchase agreement with BP Singapore. Under the terms of the agreement, BP will be supplied with around 0.45-million tonnes of LNG a year over an initial... 

Riots and strikes

By: Terry Mackenzie-hoy     17th August 2018 We are in an era of strikes and riots. Workers at State-owned power utility Eskom have been on strike for weeks and have just settled, the taxi drives are on strike, the public workers union are threatening a strike, platinum workers are on strike, and so on. All strikes happen with the usual... 

MTN conference showcases IoT excellence

By: Natasha Odendaal     17th August 2018 Telecommunications giant MTN’s 2018 Business Internet of Things (IoT) conference and awards showcased the “next generation of IoT trailblazers” as several companies walked away with honours for their innovations in the IoT space. Mine RP and FlowCentric scooped the 2018 MTN Business IoT Solution... 

Icon of SA engineering passes away at 97

By: Creamer Media Reporter      17th August 2018 ICON OF SA ENGINEERING PASSES AWAY AT 97 South Africa’s ‘grating man’ Andrew Mentis, founder of steel floor grating specialist Andrew Mentis (Pty) Ltd, passed away on 17 June 2018 in Johannesburg at the age of 97, four days before he would have turned 98. 

US nuclear company Westinghouse emerges from bankruptcy protection

By: Rebecca Campbell     17th August 2018 US major nuclear group Westinghouse Electric exited from bankruptcy protection (under Chapter 11 of US Bankruptcy Code) at the start of this month, when its takeover by Brookfield Business Partners came into effect. Brookfield, which is listed on the New York and Toronto Stock Exchanges and is... 

Kudu power station project, Namibia

By: Sheila Barradas     17th August 2018 The project has been resized. 

Amplats starts construction on Polokwane sulphur dioxide abatement project

By: Anine Kilian     16th August 2018 Construction of the sulphur dioxide (SO2) abatement project at Anglo American Platinum’s (Amplats’) Polokwane smelter got under way on Thursday. The company will implement new wet sulphuric acid (WSA) technology at the smelter and will ultimately reduce SO2 emissions by an estimated 96%, to... 

Angola aims to boost oil output with new block sale agency

By: Reuters     16th August 2018 Angola will launch next year a new agency to handle oil concessions, the government said on Thursday, as President João Lourenço pushes ahead with reforms aimed at boosting production in Africa's second biggest oil industry. The creation of a National Agency of Petroleum and Gas to manage and... 

Origin swings to profit

By: Esmarie Iannucci     16th August 2018 Energy major Origin Energy has swung into profit for the financial year ended June, following a full year of operations from both the liquefied natural gas (LNG) trains at its Australia Pacific LNG operation, as well as higher commodity prices. Statutory profit for the full year to June was... 

Most Extensive Low Voltage Electric Motor Range From Zest Weg Group

16th August 2018 Electric motor applications require a reliable, robust fit-for-purpose product that will give the end user the requisite low total cost of ownership. Fanie Steyn, manager responsible for rotating machines at Zest WEG Group, says it is encouraging that most industries in southern Africa have woken... 

Why converting municipal trash into energy isn’t a complete waste of time

15th August 2018 Although many would argue otherwise, the inevitable concept of centralized power plants is slowly dissipating. We’re moving into an era where consumers of energy are also becoming producers of it, where communities and businesses are generating their own power. But, even though conversations... 

Battery boom spurs quest to resurrect World War II cobalt mines

By: Bloomberg     15th August 2018 The giant rocky outcrop known by locals as La Cobaltera offers a glimpse into northern Chile’s mining past, and a hint of its future. Slag from an ancient furnace is piled at the entrance of a mine shaft that hasn’t seen commercial activity since World War II. Inside, eucalyptus posts still... 

What is driving a rally in EU carbon permit prices?

By: Reuters     15th August 2018 The Benchmark European carbon price hit a 10-year high on Wednesday, marking a near 130% rise this year, with prices set to continue climbing over the next few years. The European Union's Emissions Trading System (ETS) charges power plants and factories for every tonne of carbon dioxide (CO2)... 

Kibo to acquire 60% stake in UK energy company

By: Simone Liedtke     15th August 2018 Africa-focussed energy company Kibo Energy has signed a memorandum of understanding (MoU) for the acquisition of a 60% equity interest in UK company Mast Energy Developments (MED). Under the terms of the MoU, Kibo can acquire a 60% shareholding in MED for £300 000 payable to existing MED... 

Woodside posts A$541m half-year profit

By: Esmarie Iannucci     15th August 2018 Oil and gas producer Woodside has reported an interim net profit after tax of A$541-million for the six months to June, with operating cash flows for the period up by 25% on the first half of 2017. Woodside said on Wednesday that the increased operating cash flows was driven by higher production... 

Research chairs established to assist South African waste sector

By: Simone Liedtke     14th August 2018 The South African waste sector is in desperate need of change, says Council for Scientific and Industrial Research (CSIR) Waste Research, Development and Innovation (RDI) Roadmap Implementation Unit manager Professor Linda Godfrey. Speaking at the launch of South Africa’s first research chairs in... 

Ramaphosa proposes new sovereign wealth fund – party officials

By: Reuters     14th August 2018 President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday. Ramaphosa, who replaced scandal-plagued Jacob Zuma as ANC leader late last year, is... 

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