Delorean Corporation Receives $1.66M Grant Payment
Key points
- Delorean Corporation receives $1.66 million in grant funding from ARENA
- Total grant payments received now stand at $5.46 million
- Funds will support the development of the SA1 Salisbury bioenergy facility
Full summary
Delorean Corporation Ltd announced that it has received the third cash payment milestone of $1.66 million (exclusive of GST) under its $7.74 million grant funding agreement with the Australian Government's Australian Renewable Energy Agency (ARENA). This brings the total grant payments received to $5.46 million. The funding will support the development of Delorean's SA1 Salisbury bioenergy facility in South Australia, which is currently under construction. The facility will process organic waste streams to produce renewable natural gas (biomethane) and other products, contributing to long-term environmental and economic benefits.
Outlook
The receipt of the grant payment brings Delorean closer to the first renewable gas production from the SA1 Salisbury facility.
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