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Australian bioenergy and renewable gas producer Delorean Corporation has reached financial close on its AUD $62.1m ($42.86m) NSW1 bioenergy facility at Brickworks’ Horsley Park plant in Western Sydney, Australia.
The facility will process up to 120,000 tonnes per year of landfill-derived organic waste to produce around 253,000 GJ of pipeline-quality biomethane annually. Construction is targeted for Q1 2027.
The project is backed by AUD $20m ($13.8m) from the New South Wales government under its Net Zero Manufacturing Initiative and AUD $10.5m ($7.25m) from the Australian Renewable Energy Agency through its National Industrial Transformation programme.
Delorean will lease the Brickworks-owned project land over a 25-year term and supply all of its renewable gas production to the company for the duration of this period.
It targets the reduction of the brick plant’s natural gas use by around 50% and Scope 1 emissions by approximately 38%.
The company’s subsidiary, Horsley Park Bioenergy, has executed a AUD $20m ($13.8m) trade finance facility from Westpac Banking Corporation to fund equipment costs for the project.
Delorean has also entered into a binding term sheet with Tanarra Restructuring Partners for a new loan facility of up to AUD $10m ($6.9m) to fund project costs.
It comes as the company’s approaches commissioning in Adelaide.
