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Delorean Corporation Ltd ( (AU:DEL) ) just unveiled an update.
Delorean Corporation has approved a $62.1 million final investment decision for its 100%-owned NSW1 Horsley Park bioenergy facility in New South Wales, subject to securing $31.6 million in additional funding. The plant, co-located on Brickworks’ Horsley Park site under a 25-year lease and renewable gas offtake agreement, will process up to 150,000 tonnes of organic waste annually to produce biomethane for brick manufacturing, targeting a 38% reduction in Brickworks’ Scope 1 emissions at the site.
The project has secured $20 million from the NSW Government’s Net Zero Manufacturing Initiative and $10.5 million from ARENA’s National Industrial Transformation Program, providing material capital support for construction. Delorean plans to fund the remaining construction costs through a mix of debt and new equity, with construction expected to start in Q3 2026 and commissioning by Q2 2028, and forecasts more than $13 million in annual revenue over a minimum 25-year life from gate fees, renewable gas sales, carbon credits and potential additional environmental products, underscoring its strategic move in Australia’s renewable gas and industrial decarbonisation sector.
The most recent analyst rating on (AU:DEL) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Delorean Corporation Ltd stock, see the AU:DEL Stock Forecast page.
More about Delorean Corporation Ltd
Delorean Corporation Ltd is a renewable energy developer focused on bioenergy infrastructure that converts organic waste into biomethane. The company targets industrial customers seeking to decarbonise operations, supplying renewable gas and related environmental products such as carbon credits, with a growing presence in Australia’s waste-to-energy and renewable gas markets.
Average Trading Volume: 154,166
Technical Sentiment Signal: Sell
Current Market Cap: A$20.93M
For an in-depth examination of DEL stock, go to TipRanks’ Overview page.