MEDIA ADVISORY – Green Impact Partners Highlights Growing Momentum of Flagship Project
CALGARY, Alta., May 12, 2022 /CNW/ – Green Impact Partners Inc. (TSXV: GIP.V) is moving forward with the development of Future Energy Park, an innovative clean energy project connecting from Alberta agriculture and energy sectors. Located within the City of CalgaryFuture Energy Park is a proposed net CO2 negative biofuels facility using non-food grade wheat to produce renewable natural gas (“RNG”) and ethanol.
“A first of its kind, Future Energy Park is an exciting opportunity for us to connect the circular economy and decarbonize agriculture and our energy future,” said jesse douglas, Chief executive officer. “The facility will be fully integrated, co-producing two forms of renewable fuels using advanced technology, including CO2 capturing the production process to go beyond net zero CO2 emissions.”
Future Energy Park represents almost $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 liters of ethanol per year, approximately 235,000 tonnes of animal feed per year and create carbon credits.
jesse douglas added: “This significant investment in alberta Advance local contribution to the existing provincial renewable fuels standard, which requires at least 5% renewable fuel content for blended gasoline in the province. Currently, there is a national ethanol supply gap that we hope to fill using a unique and technologically advanced process. The Future Energy Park will open a new path between from Alberta energy and agriculture sectors as we work collectively to have a positive impact and build sustainable and resilient communities for generations to come. »
The proposed facility is located in an industrial area in the southeast Calgary and will be built 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 construct RNG projects, with the intention of owning and operating a portfolio of RNG facilities. We participate in a wide range of zero-carbon opportunities at all stages of the project lifecycle – from idea generation to operations. We have a growing portfolio of RNG projects under development, representing over $2 billion planned capital expenditures over the next three years. In our quest for net zero impact on the earth, we are positioned to be a leading producer of decarbonized energy in North America.
The common shares of Green Impact Partners trade on the TSX Venture Exchange under the symbol GIP.V. To find out more, visit us at greenipi.com.
This press release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. When used in this release, words such as “would”, “will”, “anticipate”, believe”, “explore” and similar expressions, with respect to GIP or its management, are intended to identify such forward-looking statements. These forward-looking statements reflect GIP’s current beliefs with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of GIP to be materially different from any expected future results, performance or achievements that may be expressed or implied by such forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: the impact of general economic conditions on Canada and United States, including the ongoing COVID-19 pandemic; industry conditions, including changes in laws and regulations and/or the adoption of new environmental laws and regulations and changes in the way they are interpreted and applied, in Canada and United States; the volatility of energy commodity prices; evolution of the demand for clean energy to be proposed by the GIP; competition; lack of availability of qualified personnel; obtain the required approvals from regulatory authorities, Canada and United States; ability to access sufficient capital from internal and external sources; many of which are beyond the control of the GIP. Forward-looking statements included in this press release should not be construed as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those implied by such forward-looking statements.
Readers are encouraged to review and carefully consider the risk factors relating to GIP described in the Company’s Annual MD&A for the year ended December 31, 2021accessible on GIP’s SEDAR issuer profile at the address www.sedar.com. The forward-looking statements contained in this release are made as of the date of this release, and except as expressly required by law, GIP disclaims any intention, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements. contained herein, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
GIP’s management has included the above summary of the assumptions and risks associated with the forward-looking statements provided in this release in order to provide shareholders with a more complete perspective on GIP’s current and future operations and such information may not be appropriate to other purposes. The actual results, performance or achievements of GIP could differ materially from those expressed or implied by such forward-looking statements and, therefore, no assurance can be given that any of the events anticipated by the forward-looking statements will or will occur. , or if any of them do, what benefits GIP will get.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
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SOURCE Green Impact Partners Inc.
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