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Delorean Corporation Ltd ( (AU:DEL) ) has provided an announcement.
Delorean Corporation Ltd has successfully received a $2.7 million grant payment from the Australian Renewable Energy Agency (ARENA) as part of a $6.08 million funding agreement. This payment supports the development of Delorean’s SA1 Salisbury bioenergy facility in South Australia, which aims to produce mains-grade biomethane for industrial use. The project has achieved significant construction milestones, including the completion of tank farm slabs and the commencement of digester tank construction, keeping it on track to deliver renewable gas and long-term benefits to the South Australian industry.
More about Delorean Corporation Ltd
Delorean Corporation Ltd operates in the renewable energy industry, focusing on the development and operation of bioenergy facilities. Its primary product is renewable natural gas, specifically biomethane, which is produced from organic waste. The company is strategically positioned to supply this renewable gas to industrial users through established agreements, enhancing its market presence in the sustainable energy sector.
Average Trading Volume: 179,565
Technical Sentiment Signal: Buy
Current Market Cap: A$31.94M
For a thorough assessment of DEL stock, go to TipRanks’ Stock Analysis page.