• Secures $7M debt funding to upgrade and expand SA1 bioenergy plant
• Upgrade will add renewable gas, liquid CO2, and liquid fertilizer production
• Fully funds the $36M SA1 plant, which will now have 6 revenue streams

Delorean Corporation Limited (ASX: DEL) has secured $7 million of debt funding for the renewable gas, renewable liquid carbon dioxide (LCO2) and liquid fertiliser upgrade and expansion of the SA1 bioenergy plant. This debt complements the $6.1 million in ARENA funding and the original debt secured for the baseline-scoped plant. The additional debt means the SA1 upgraded plant is now fully funded and will produce 6 different monetisation streams, including renewable natural gas, renewable food grade LCO2, carbon credits, renewable gas guarantees of origin, liquid fertilisers, and gate fees from organic waste feedstock. The $36 million SA1 facility is expected to process 70,000 tonnes per annum of commercial and municipal organic waste diverted from landfill using anaerobic digestion. The debt is being provided by Delorean's existing lender, Tanarra, and includes standard terms such as interest payments, commitment fees, and equity options.

The SA1 bioenergy plant upgrade and expansion is expected to deliver an uplift in net profitability of between $15-25 million over the 10-year LCO2 offtake agreement with Supagas.

Delorean sees tremendous opportunity and upside in building and owning a portfolio of these types of bioenergy projects across Australia, capitalizing on its leadership and experience in the sector.