• Delorean secures $6.08 million ARENA grant to enhance its SA1 bioenergy facility
• Grant will support infrastructure upgrades to produce renewable gas, Renewable Gas Certificates, and liquid carbon dioxide
• SA1 facility will process organic waste to generate renewable gas and biogenic liquid carbon dioxide

Delorean Corporation Ltd ('Delorean' or 'the Company') has signed a $6.08 million grant funding agreement with the Australian Government's Australian Renewable Energy Agency (ARENA) to enhance its SA1 bioenergy facility, currently under construction in Edinburgh Parks, South Australia. The ARENA grant will support the procurement, installation, and commissioning of critical infrastructure upgrades to enhance the facility's ability to produce and upgrade biogas into mains-grade biomethane. This renewable gas will be supplied to industrial users through the Adelaide gas network under long-term offtakes currently under negotiation. Additionally, the upgrades will enable the production of biogenic food-grade liquid carbon dioxide (LCO2), with long term offtake agreements in negotiation. The facility will also produce Renewable Gas Guarantee of Origin Certificates (RGGOs), which will be issued under Greenpower's gas certification scheme. The SA1 project represents a major step towards decarbonising hard-to-abate industrial sectors by providing renewable energy solutions that directly address Scope 1 emissions. Delorean's SA1 facility is a landmark project in the Australian bioenergy sector, processing organic waste diverted from landfills to produce and export mains-grade renewable gas into the gas network, while simultaneously generating and exporting biogenic food-grade LCO2.

Delorean expects to negotiate long-term offtake agreements for the renewable gas and liquid carbon dioxide produced at the SA1 facility, which will generate sustainable revenue streams to underwrite the viability of the project.

The ARENA grant is a game-changer for Delorean and the Australian energy sector, enabling the company to achieve a major milestone with the SA1 project and highlighting the bankability of Delorean's near-term and medium-term development pipeline. The SA1 facility will showcase the potential of bioenergy infrastructure to drive both environmental and economic outcomes.