Key points
- Delorean and ATCO renew Memorandum of Understanding to develop bioenergy projects
- Agreement enables export and sale of biomethane from Delorean's projects via ATCO's gas network
- Renewal maintains Delorean's multiple collaboration agreements to fast-track biomethane supply
Full summary
Delorean Corporation Ltd has renewed its Memorandum of Understanding (MOU) with ATCO Gas Australia Pty Ltd (ATCO), part of the ATCO Group. The renewal reaffirms Delorean's agreement with ATCO to develop bioenergy projects to enable the export and sale of biomethane from its bioenergy projects, via ATCO's gas distribution network. ATCO owns and operates Western Australia's largest reticulated gas network, and has operations across Australia. Under the MOU, DEL and ATCO have agreed to refresh terms to continue evaluating the viability of connecting Delorean's bioenergy projects to ATCO's gas network to enable the supply of biomethane to Delorean's customers. Renewal of the MOU with ATCO means Delorean maintains multiple collaboration agreements to enable fast-tracking of biomethane into Australia's gas network. Delorean is uniquely positioned to service Australia's immediate and rapidly-growing demand for renewable gas through delivery of its pipeline of bioenergy projects across Australia.
Outlook
Delorean and ATCO aim to explore additional opportunities pertaining to Delorean's production, injection into the GDS, and supply of biomethane to other customers on the network. The planned supply period is for an initial 10 years or more.