ENERGY & OIL
Beryl Group owns 100% of Beryl Energy, its subsidiary in this sector. The entity is divided into three core companies: GasCo, PetroleumCo and BitumenCo — with additional opportunistic investments in such non-core areas as hydropower.
Beryl Group set up GasCo to respond to the country’s imminent transition to natural gas. Specifically, it is involved in the process of converting the country’s open-cycle gas turbines, which are diesel-operated, into closed-cycle gas turbines, which can be operated by gas. Beryl Group is also involved on the supply side, providing cheap alternative energy in high volumes.
Another major gap in the energy space is the lack of proper road infrastructure in some of South Africa’s neighbouring countries which severely short circuits economic growth. Via Beryl Energy’s BitumenCo, there is a plan to get involved in the road-construction sector, supplying material such as bitumen.
Finally, the PetroleumCo is responsible for all Beryl Group’ oil sourcing and supply. Overall, the strategy in the energy space - Beryl Energy - is to find and package cheap, sustainable solutions for its clients.