Brickworks stock tied to conditional Horsley Park energy project

Published on 11/06/2026 at 02:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Brickworks stock is tied to a proposed biomethane plant beside its Horsley Park operations. Funding remains non-binding ahead of a November deadline.

Horsley Park funding remains conditional

Delorean has a non-binding Westpac financing mandate for a proposed bioenergy plant beside Brickworks' Horsley Park operations.
Financial close is targeted for November 18, 2026, while construction is planned to start in December if funding is completed.
Brickworks would take biomethane under a proposed 25-year lease, linking the project to its manufacturing site.

Brickworks, AU000000BKW4, Illustration mit AI erstellt.

Brickworks is tied to a proposed biomethane plant beside its brick manufacturing operations at Horsley Park in Western Sydney. Delorean Corporation signed a non-binding Westpac financing mandate for the project on October 13, 2026, according to SureStone Capital.

Funding remains conditional

The proposed Westpac facilities would fund equipment for Delorean's NSW1 project, which is planned to process organic waste and produce biomethane. Government grants and the proposed bank financing would cover about 81 percent of the estimated project cost, while a further funding requirement remains.

The financing mandate is not binding and still requires detailed documentation. Delorean expects financial close by November 18, 2026, with construction targeted for December. The timetable therefore depends on converting the mandate into binding facilities and securing the remaining capital.

Brickworks role in the project

Under the proposed structure, Delorean would own and operate the facility through a 25-year lease, while Brickworks would take the biomethane produced for its nearby manufacturing operations. The arrangement could provide a local energy link for the site, but the project remains subject to financing and construction milestones.

For the broader Australian market context, see current Brickworks coverage and Australian market reports.