Delorean Locks in $62M Bioenergy Project With $31M Government Backing Secured

Delorean Corporation (ASX: DEL) has reached a Final Investment Decision for the $62.1 million Delorean Horsley Park Bioenergy Facility, with nearly 50% of construction costs already secured through ARENA and NSW Government grants, targeting first gas delivery by Q2 CY2028.

• Delorean has reached a positive Final Investment Decision for its 100%-owned $62.1 million Horsley Park Bioenergy Facility in New South Wales, marking its transition from developer to owner-operator.
• Nearly 50% of total project costs are covered by $30.5 million in government grants from ARENA ($10.5 million) and the NSW Government ($20 million), reducing funding risk significantly.
• The facility is underpinned by binding 25-year agreements with Brickworks, including a Gas Supply Agreement committing Brickworks to offtake all renewable gas produced, providing contracted revenue visibility from Day 1 of operations.
• Delorean must secure the remaining $31.6 million in debt and equity funding within 6 months to achieve financial close, with construction targeting Q3 CY2026 and first gas delivery expected in Q2 CY2028.
• The project is expected to generate more than $13 million in annual revenue over a minimum 25-year project life, supported by diversified income streams including gate fees, gas sales, ACCUs, and potential fertiliser sales.