Delorean confirms financial close on $43M Australian bioenergy facility
The project can now move immediately into the procurement phase with construction then expected to commence on site in early 2027. The 25-year renewable gas supply agreement with Building Products Pty Limited and lease with The Austral Brick Co Pty Ltd (both wholly owned subsidiaries of Brickworks Limited) and the A$30.5m of grants are now active.
Firm commitments totaling A$1.4 million have been received for a private share placement.
The A$62.1 million gross project cost will be funded by;
– A$20.0 million grant from the NSW government
– A$10.5 million grant from the Australian Renewable Energy Agency (ARENA)
– A$20.0 million from Westpac
– A$1.6 million from funds already applied to project capital costs
– $A8.7 million from; a new Tanarra Facility D / R&D tax refunds / future DEL cash on hand
– A$1.3 million from private share placement
Category: Fuels
