Delorean Corporation Ltd ( (AU:DEL) ) has issued an announcement.
Delorean Corporation Limited announced an agreement with the Australian Gas Infrastructure Group (AGIG) to connect its SA1 bioenergy project to the gas network for exporting biomethane to third-party customers. This agreement marks a significant step for Delorean, allowing it to enter the gas network for the first time, although it does not directly impact revenue or alter the project’s capital budget. The agreement includes standard termination clauses, and AGIG will provide the gas connection without being part of any offtake agreement. This development could enhance Delorean’s industry positioning by expanding its renewable gas distribution capabilities.
More about Delorean Corporation Ltd
Delorean Corporation Limited is a leading Australian bioenergy company specializing in the design, build, ownership, and management of bioenergy infrastructure. The company operates in renewable energy and waste management industries, with divisions in engineering, infrastructure, and energy retail. Delorean delivers bioenergy projects from conception to completion, processing organic waste and generating renewable energy, while monetizing the sale of green electricity, heat, and gas.
YTD Price Performance: -17.65%
Average Trading Volume: 268,446
Technical Sentiment Signal: Sell
Current Market Cap: A$30.84M
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