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Delorean Corporation Ltd ( (AU:DEL) ) has provided an update.
Delorean Corporation Ltd has secured $7 million in debt funding to upgrade and expand its SA1 bioenergy plant, complementing previous funding from ARENA and existing debt. This funding ensures the plant is fully financed, allowing Delorean to produce six different monetization streams, including renewable natural gas and food-grade LCO2. The expansion supports a significant 10-year offtake agreement with Supagas, expected to boost net profitability by $15-25 million. The project, with a construction cost of approximately $36 million, underscores Delorean’s strategic positioning in the bioenergy sector and its commitment to sustainable energy solutions.
More about Delorean Corporation Ltd
Delorean Corporation Ltd operates in the renewable energy sector, focusing on bioenergy solutions. The company specializes in the production of renewable gas, liquid carbon dioxide (LCO2), and liquid fertilizers, with a market focus on sustainable and clean energy solutions.
YTD Price Performance: 2.94%
Average Trading Volume: 275,585
Technical Sentiment Signal: Sell
Current Market Cap: A$38.55M
Learn more about DEL stock on TipRanks’ Stock Analysis page.