SA1-AGIG Renewable Gas Network Connection Agreement
| Stock | Delorean Corporation Ltd (DEL.ASX) |
|---|---|
| Release Time | 10 Apr 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Delorean signs renewable gas network connection agreement with AGIG
- Delorean to connect and export biomethane from its SA1 bioenergy project to AGIG's gas network
- First agreement in Australia for a network connection for biomethane produced from organic waste
- Milestone for Delorean and Australian gas sector, enabling decarbonization of industrial gas users
Delorean Corporation Limited (ASX: DEL) has completed the key agreement required by the owner of South Australia's gas network, Australian Gas Networks Limited (AGNL), to connect Delorean's SA1 Salisbury Bioenergy project for the export and distribution of mains grade renewable gas (biomethane). AGNL is part of Australian Gas Infrastructure Group (AGIG), one of Australia's largest gas infrastructure businesses. The agreement enables Delorean to connect and export biomethane from its SA1 bioenergy project (currently in construction) to customers remote from its facility in Edinburgh Parks, Adelaide, via the gas network. This is a major milestone for Delorean and the Australian gas sector, being AGIG's first connection of biomethane into its gas network and the first commitment in Australia for a network connection for biomethane produced from the processing of organic waste streams diverted from landfill. The connection agreement sets the precedent for streamlined connection of Delorean's nation-wide project pipeline into AGIG's nation-wide network. The SA1 bioenergy plant in Adelaide will process 70,000 tonnes p.a. of commercial and municipal organic waste diverted from landfill using anaerobic digestion, producing renewable natural gas, liquid CO2, carbon credits, renewable gas certificates, liquid fertilizers, and gate fees.
Renewable gases such as biomethane will play a critical role in delivering a secure, reliable and affordable low carbon energy transition for Australia, enabling those customers that rely on gas today to continue to choose gas to meet their energy needs into the future. AGIG's gas network is capable of delivering biomethane now without further upgrades and is an economical, reliable, here-and-now way of delivering renewable energy.