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Delorean Corporation (ASX:DEL) expects to benefit from recent regulatory changes around the gas market that allow it to sell offset certificates to other companies.
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Now that biomethane is considered a “natural gas equivalent,” companies will be able to use Delorean’s biomethane product to buy certificates claiming emissions reductions.
“The changes formally recognise Delorean’s biomethane as a natural gas equivalent and enable companies to use Renewable Gas Guarantee of Origin (RGGO) certificates for injected biomethane to reduce their Scope 1 emissions,” Delorean wrote on Wednesday.
“[The] SA1 Bioenergy Project is already registered under the GreenPower program and will be positioned to issue RGGO certificates upon first biomethane delivery.”
In other words, the company is poised to move into the carbon offset space, which is ultimately what these certificates will be.
The move comes ahead of FY26’s much-anticipated reporting changes, when companies will now be obliged to include Scope 3 emissions data in their reports.
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This, ASIC has called the biggest change to reporting requirements “in a generation.” Earlier this year, Australian pipeline AGIG also began porting some of Delorean’s biomethane to customers through its existing infrastructure.
DEL last traded at 15cps.
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