Delorean Raises AU$7 Million in Debt Financing to Add Infrastructure to South Australia Plant

MT Newswires Live

Apr 16, 2025

Delorean (ASX:DEL) secured AU$7 million of debt funding for the renewable gas, renewable liquid carbon dioxide, and liquid fertilizer upgrade and expansion of the SA1 bioenergy plant in South Australia, according to a Wednesday Australian bourse filing.

The upgraded plant is now fully funded and is expected to produce six different monetization streams. The firm will add infrastructure to produce renewable natural gas, renewable food-grade carbon dioxide, and liquid fertilizer, the filing said.

The additional debt is being provided by Delorean's existing debt provider, Tanarra. It carries a cash interest rate of the bank bill swap bid rate plus 6% per annum. Its capitalized interest rate is 5% per annum capitalized quarterly.

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