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Delorean Corporation Limited (ASX:DEL)

ALERT: Price-sensitive ASX Announcement for DEL
Current share price for DEL : $0.088 -0.005 (-5.38%)+
Announcement
Release
22 Jun 2026 8:14AM
Price at Release
$0.093
Full Release
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Summary
Delorean Corporation Limited has been awarded an additional $1.66 million grant from the Australian Renewable Energy Agency (ARENA) for its SA1 Salisbury bioenergy facility in South Australia, increasing the total ARENA support to $7.74 million. This additional funding was necessary due to unanticipated project scope refinements including upgrades to production systems and compliance requirements. The SA1 Salisbury project aims to process 70,000 tonnes of organic waste annually to produce renewable natural gas and other by-products, with potential expansion to 125,000 tonnes. The construction is progressing and is set to deliver environmental and economic benefits to the South Australian industry.
Key Points
  • Delorean awarded additional $1.66 million ARENA grant
  • Total ARENA support reaches $7.74 million
  • SA1 Salisbury facility in South Australia
  • Upgrades include biomethane production and gas injection systems
  • Potential future expansion to 125,000 tonnes of organic waste processing
  • First renewable gas production nearing
  • Multiple revenue streams including renewable gas and carbon credits
  • Environmental and economic benefits anticipated for South Australia
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.