Origin Energy Long Term Biomethane Offtake Agreement for SA1
ASX Announcement
08 September 2025
ORIGIN ENERGY LONG TERM BIOMETHANE OFFTAKE FOR
DELOREAN SA1 SALISBURY BIOENERGY
Delorean Corporation Limited (ASX: DEL) (“Delorean” or “the Company”) is pleased to
announce that it has completed a binding Gas Sales Agreement with Origin Energy
Retail Limited (“Origin”) for the long term supply of renewable biomethane from its
SA1 Salisbury bioenergy facility in Edinburgh Parks, South Australia, with renewable
gas delivered via the gas network.
Under the agreement, Origin will purchase up to 200 terajoules per annum of biomethane
‘as arising’ from Delorean’s SA1 facility (currently under construction) on a take or pay
basis for 8 years from expected first gas in April 2026 until March 2034, with a further two
year option for Origin to March 2036.
The renewable gas offtake agreement includes the purchase of Renewable Gas Guarantee
of Origin (RGGO’s) which the SA1 facility will generate and can be used for the large
industrial sector to reduce Scope 1 emissions in the hard to abate sector. Pricing for
biomethane is escalated to CPI.
Delorean’s biomethane offtake agreement with Origin Energy satisfies a key condition
precedent for progressive payments up to $6.1m in Australian Renewable Energy Agency
(ARENA) grant funding as part of ARENA’s National Industrial Transformation Program as
announced to ASX on 6th March 2025, with first milestone payment of $2.7m expected in
October 2025.
This transaction, which operates under an existing Master Bilateral Gas Sales Agreement
between Origin and Delorean, locks in $30-40m in revenue over the 10 year term (factoring
in CPI escalations and the 2 year extension).
Key conditions precedent to the Gas Sales Agreement are:
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Delorean has commenced commissioning of its SA1 Salisbury project;
Delorean has obtained all approvals required for the operation of SA1, for Origin to
receive biomethane at the gas network injection point, and to permit the injection
of the biomethane into the Short Term Trading Market (STTM);
Gas network provider Australian Gas Infrastructure Group has completed the
construction of, and commissioned the gas network connection and installed all
metering equipment at the delivery point so as to allow Delorean to deliver and
Origin to receive Gas at the Delivery Point for injection into the STTM; and
Origin has obtained all approvals required to receive biomethane at the delivery
point for injection into the STTM.
Delorean Corporation Ltd | ACN 638 111 127
Deloreancorporation.com.au | Unit 1 Ground Floor, 1205 Hay Street WEST PERTH WA 6005 | PH: 08 6147 7575
Coupled with Delorean’s recently announced (17th March 2025) agreement with Supagas for
the long term offtake of biogenic food-grade liquid carbon dioxide (“LCO2”) from the SA1
bioenergy facility, this Origin offtake means that Delorean now has locked in revenues for
biomethane and LCO2 with investment grade counterparties of up to ~$55m for the 10 year
term, with additional revenues from gate fees and carbon credits for the acceptance of
organic waste and the sale of biofertilizer from the project over the asset life.
“We value the continued partnership with Origin Energy through our Master Bilateral Gas
Supply Agreement with them, and welcome the opportunity to deliver biomethane into the gas
network through Origin.” said Delorean Managing Director Joe Oliver. “The long term nature
of this renewable gas offtake confirms the bankability not just of SA1, but of Delorean’s next
build/own/operate bioenergy project and the multiple projects after that.”
Announcement Video
Delorean Corporation Managing Director Joe Oliver, has released a short video
discussing this ASX Announcement on our interactive Investor Hub. Watch the video and
ask your questions here: https://investorhub.deloreancorporation.com.au/link/y052Ve
SA1 Edinburgh Parks Bioenergy Plant
The SA1 Salisbury Bioenergy plant is 100% Delorean Corporation owned and strategically
located in the Northern Adelaide Food Park in Edinburgh Parks (metropolitan Adelaide) in
South Australia on land owned by Delorean. The project is currently in construction. Stage 1
of the project will process 70,000 tonnes per annum of organic waste streams for the
nominal production of up to 210 TJ per annum of renewable natural gas (biomethane)
exported to the Adelaide’s Gas network, under a gas offtake agreement to Australian Gas
Infrastructure Group (“AGIG”). In Stage 2 (future expansion), there is the potential for
extension to 125,000 tonnes per annum under the current development approval. The SA1
Project will produce 6 different products and revenue streams, including Renewable Natural
Gas (Biogenic Methane), renewable food grade liquid CO2 (Biogenic LCO2), Carbon Credits
(ACCUs), Renewable Gas Guarantees of Origin (RGGOs), Liquid Fertilisers and Gate Fees.
About Origin
For more information on Origin, please visit www.originenergy.com.au,
Authorised on behalf of the Delorean Corporation Board of Directors by Hamish Jolly,
Executive Chair.
Delorean Corporation Ltd | ACN 638 111 127
Deloreancorporation.com.au | Unit 1 Ground Floor, 1205 Hay Street WEST PERTH WA 6005 | PH: 08 6147 7575
For more information/interview please contact:
Joseph Oliver, Managing Director
Delorean Corporation Ltd
+61 (0) 8 6147 7575
info@deloreancorporation.com.au
About Delorean Corporation Limited
Delorean Corporation is a leading Australian bioenergy company. Delorean
specialises in the design, build, ownership, and management of bioenergy
infrastructure. In addition to bioenergy power and renewable gas generation,
Delorean also operates in the energy retail market. Delorean Corporation is a
vertically integrated company positioned in two high growth industries; renewable
energy and waste management.
Delorean Corporation comprises an Engineering Division, Infrastructure Division, and
Energy Retail Division. Through these divisions Delorean Corporation has the inhouse
capability to deliver bioenergy projects across the full lifecycle, from project conception to
completion, processing organic waste, generating renewable energy, and monetising the sale
of green electricity, heat, and gas.
DEL’s projects produce renewable energy whilst reducing the volume of organic waste going
to landfill, utilising a model that generates multiple revenue streams.
Delorean Corporation Ltd | ACN 638 111 127
Deloreancorporation.com.au | Unit 1 Ground Floor, 1205 Hay Street WEST PERTH WA 6005 | PH: 08 6147 7575
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