Delorean Corporation's strategic energy project

Delorean Corporation (ASX: DEL) has announced the Board's decision to proceed with the SA1 bioenergy project in South Australia. This marks their first fully owned build, own, operate initiative and is a step in becoming a major energy infrastructure owner. Construction starts in December 2024, with completion by Q3 FY2026.

Delorean's future outlook and project impact

Delorean Corporation's decision to proceed with the SA1 bioenergy project highlights its commitment to sustainable energy solutions. The project, located near Adelaide, aims to process 70,000 tonnes of organic waste per year, producing 210 TJ of biomethane. It is expected to reduce greenhouse gas emissions significantly. Funded through a partnership with Tanarra, this project is the first in a series of planned bioenergy initiatives. Delorean aims to expand its infrastructure ownership, with future projects in Victoria, New South Wales, and Queensland. The company will update stakeholders on progress and commercial agreements as developments occur.

Executive insights on Delorean's SA1 project

The SA1 project is a significant step in our strategic plan to become a leading energy infrastructure owner and operator. By processing 70,000 tonnes of organic waste annually and generating renewable biomethane, we are contributing to environmental sustainability and creating new revenue streams.