MEDIA RELEASE: Delorean Corporation enters into a landmark collaboration agreement with Brickworks

Published Wed 27 Oct 2021

Delorean Corporation enters into a landmark collaboration agreement with Brickworks

Highlights:

Delorean Corporation has entered into a landmark collaboration agreement with Brickworks Building Products Pty Ltd (Brickworks Building Products)
Brickworks Building Products is a 100% owned subsidiary of Brickworks Limited (ASX:BKW, Market Cap $3.77B)
Under a Memorandum of Understanding (MOU) Delorean and Brickworks will undertake a feasibility study (and seek development approval) to build and operate bioenergy facilities converting waste to green gas and electricity for use in the Brickworks Building Products brick manufacturing operations commencing with its NSW brick manufacturing sites
Pursuant to a Master Services Agreement (MSA) Delorean will undertake services to assist the parties to ascertain the viability of constructing and operating these bioenergy plants
Subject to the successful outcome of the feasibility study, DA approval and the parties determining to proceed with the project, Delorean and Brickworks intend to establish a 50/50 Joint Venture (or other commercial arrangement) to construct and operate the bioenergy plant(s)
If successful, Brickworks & Delorean will consider a national rollout to other Brickworks operations across Australia