Delorean Corporation says its A$62.1 million Horsley Park bioenergy project in Western Sydney has reached financial close, following the board’s April investment decision.
In its 9 November announcement, the company said an A$20 million Westpac trade-finance agreement had been executed and A$30.5 million of government grant arrangements had become active.
An additional Tanarra facility of up to A$10 million is covered by a binding term sheet, but full legal documentation remains outstanding. The announced milestone should therefore not be read as confirmation that every financing document has been completed.
The project’s 25-year lease and gas-supply agreements with Brickworks subsidiaries are also active. Delorean plans to turn organic waste into biomethane for industrial use.
Procurement is scheduled to begin in November, with construction planned for the first quarter of calendar 2027. These remain forward-looking company schedules, rather than evidence that construction has started.
The financing package advances a project intended to connect waste treatment with industrial gas demand; delivery and commissioning remain the next practical hurdles.
Source: Delorean ASX announcement, 9 November 2026.
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Image credit: Illustrative technology file photograph: biogas plant at Ittigen, Switzerland, 27 December 2010. Not the Horsley Park project or its supplier. Amada44 / Wikimedia Commons, CC BY-SA 3.0. Resized and compressed. Source photograph; licence. Derivative under the same licence.
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