Business · Energy & Commodities · 16 hrs ago
Delorean secures funding for $62.1m Horsley Park bioenergy project
Delorean has reached financial close on its $62.1 million bioenergy project at Horsley Park in New South Wales, clearing the way for it to move into procurement.
The funding includes $30.5 million in government grants and a $20 million Westpac facility, alongside other project funds.
A 25-year agreement will supply renewable gas to Brickworks' nearby brick-manufacturing plant.
The facility is designed to turn organic waste that would otherwise go to landfill into gas, processing 120,000 tonnes of waste and producing about 253,000 gigajoules each year.
That gas is expected to cut the plant's natural gas use by about 50% and reduce its direct emissions by around 38%.
Construction is scheduled for early 2027, and Delorean plans to refinance the Westpac facility into longer-term project debt after the plant is commissioned.
Delorean Corporation has reached financial close on its $62.1 million Horsley Park bioenergy project in New South Wales.
The project will convert organic waste diverted from landfill into renewable gas for Brickworks’ manufacturing operations.
Funding includes $30.5 million in government grants and a $20 million Westpac trade finance facility.
Brickworks has signed a 25-year renewable gas supply agreement for the project.
Construction is scheduled to begin in early 2027.
- Who
- Delorean Corporation, with Brickworks as the renewable gas buyer.
- What
- Delorean reached financial close on a $62.1 million bioenergy project.
- When
- Financial close was reported on November 9, 2026. Construction is scheduled for early 2027.
- Where
- Horsley Park, New South Wales, alongside Brickworks’ manufacturing operations.
- Why
- The facility will turn organic waste diverted from landfill into renewable gas for brick production.
This story does not have two clearly opposing sides.
Delorean made its final investment decision on the project.
Delorean’s financial close and activation of key funding, supply and land agreements were reported.
Construction is scheduled to begin.
- Project cost
- $62.1 million
- Government grants
- $30.5 million
- Westpac facility
- $20 million
- Organic waste capacity
- 120,000 tonnes annually
- Renewable gas output
- Approximately 253,000 gigajoules
- Supply agreement
- 25 years with Brickworks
What people are saying
Reaching Financial Close on NSW1 is a major milestone for Delorean and for Australia’s biomethane industry, following on from Delorean’s 100%-owned SA1 Project now approaching commissioning in Adelaide.