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Delorean Corporation Limited (ASX:DEL)

ALERT: Price-sensitive ASX Announcement for DEL
Current share price for DEL : $0.093 -0.007 (-7%)+
Announcement
Release
13 Jul 2026 8:52AM
Price at Release
$0.100
Full Release
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Summary
Delorean Corporation Ltd announced receiving a $1.66 million grant cash payment (GST exclusive) from the Australian Government’s Australian Renewable Energy Agency (ARENA). This grant is part of a $7.74 million funding agreement under ARENA’s National Industrial Transformation Program, aimed at supporting the development of Delorean's SA1 Salisbury bioenergy facility. The total grant payments received so far amount to $5.46 million. The grant funds will cover costs related to the procurement, installation, and commissioning of infrastructure upgrades to produce mains-grade biomethane and biogenic CO₂, to be supplied through the Adelaide gas network under a long-term offtake agreement. This project is expected to provide significant environmental and economic benefits to South Australian industry by advancing renewable gas production.
Key Points
  • $1.66 million grant cash payment received from ARENA.
  • Part of a $7.74 million funding agreement.
  • Supports development of SA1 Salisbury bioenergy facility.
  • Total grant received: $5.46 million.
  • Funds cover infrastructure upgrades for biomethane and CO2 production.
  • Renewable gas to be supplied through Adelaide gas network.
  • Long-term environmental and economic benefits expected.
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.