Green Impact Partners Highlights Growing Momentum for its Flagship Project – Future Energy Park, biofuels facility using non-food grade wheat to produce RNG and ethanol.
Green Impact Partners Inc. (TSXV: GIP.V) is moving forward with the development of the Future Energy Park – an innovative clean energy project connecting Alberta’s agriculture and energy sectors.
Located within the City of Calgary, Future Energy Park is a proposed net CO2 negative biofuels facility using non-food grade wheat to produce renewable natural gas (“RNG”), and ethanol.
Jesse Douglas, Chief Executive Officer, said:
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A first of its kind, Future Energy Park is an exciting opportunity for us to link the circular economy and decarbonize agriculture and our energy future.
“The facility will be fully integrated, co-producing two forms of renewable fuels using advanced technology, including CO2 capture from the production process to go beyond the goal of net zero CO2 emissions.”
Future Energy Park represents a nearly $1.0 Billion investment in Alberta and the City of Calgary. Once operational, the facility is expected to produce approximately 3.5 million MMBtu per year of RNG, over 300 million litres of ethanol annually, approximately 235,000 tonnes of cattle feed annually, and create carbon credits.
Jesse Douglas added, “This significant investment in Alberta will advance the local contribution to the province’s existing Renewable Fuels Standard which requires no less than 5% renewable fuel content for gasoline blended in the province. Currently, there is a domestic ethanol supply gap which we hope to fill by using a unique and technologically advanced process.”
“The Future Energy Park will forge a new path between Alberta’s energy and agriculture sectors as we work collectively towards making a positive impact and building sustainable, resilient communities for generations to come.”
The proposed facility is being sited in an industrial area in southeast Calgary and will be constructed and operated on 52 acres of land designated for future industrial use. Subject to receipt of major regulatory approvals, Green Impact Partners is targeting completion in late 2024 to early 2025.
To learn more about the Future Energy Park, visit greenipi.com/portfolio/future-energy-park.
About Green Impact Partners
We are focused on creating a sustainable and inclusive future by developing clean energy, with a near term focus on RNG projects. We acquire, develop, and build RNG projects, with the intention of owning and operating a portfolio of RNG facilities.
We participate in a wide range of zero-carbon opportunities during any stage of the project lifecycle – from idea generation through to operations.
We have a growing portfolio of RNG projects under development, representing over $2 billion in anticipated capital expenditures over the next three years. In our pursuit of net zero earth impact, we are positioned to be a leading producer of decarbonizing energy in North America.
Green Impact Partners’ common shares trade on the TSX Venture Exchange under the symbol GIP.V. To learn more visit us at greenipi.com.
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MEDIA ADVISORY – Green Impact Partners Highlights Growing Momentum for its Flagship Project – the Future Energy Park, CALGARY, AB, May 12, 2022
