Green Impact Partners Finalizes Its Carbon Credit Pathways for the Future Energy Park
Green Impact Partners (TSXV: GIP) has finalized carbon credit pathways under Alberta's TIER program for its Future Energy Park project in Calgary. The company has also secured agreements to sequester biogenic CO2 from the facility. This milestone confirms the project's anticipated revenue profile and economics, positioning it for debt financing.
The Future Energy Park will be North America's largest carbon-negative biofuels facility, using non-food grade wheat to produce ethanol and renewable natural gas (RNG). Key features include:
- Creation of 800 construction jobs and 100 operational jobs
- Annual production of 4 million gigajoules of RNG and 300 million liters of ethanol
- Regulatory approvals from Alberta's Environment Ministry, Utilities Commission, and City of Calgary
Green Impact Partners (TSXV: GIP) ha finalizzato i percorsi per i crediti di carbonio all'interno del programma TIER dell'Alberta per il suo progetto Future Energy Park a Calgary. L'azienda ha anche ottenuto accordi per sequestrare CO2 biogenico dalla struttura. Questo traguardo conferma il profilo di entrate previsto e l'economia del progetto, preparandolo per il finanziamento mediante debito.
Il Future Energy Park sarà la più grande struttura di biofuel a carbonio negativo del Nord America, utilizzando grano di qualità non alimentare per produrre etanolo e gas naturale rinnovabile (RNG). Tra le caratteristiche principali:
- Creazione di 800 posti di lavoro nella costruzione e 100 posti di lavoro operativi
- Produzione annuale di 4 milioni di gigajoule di RNG e 300 milioni di litri di etanolo
- Approvazioni normative dal Ministero dell'Ambiente dell'Alberta, dalla Commissione per i servizi pubblici e dalla Città di Calgary
Green Impact Partners (TSXV: GIP) ha finalizado los caminos para los créditos de carbono bajo el programa TIER de Alberta para su proyecto Future Energy Park en Calgary. La empresa también ha asegurado acuerdos para sequestrar CO2 biogénico de la instalación. Este hito confirma el perfil de ingresos anticipado y la economía del proyecto, posicionándolo para financiamiento de deuda.
El Future Energy Park será la instalación de biocombustibles negativa en carbono más grande de América del Norte, utilizando trigo de calidad no alimentaria para producir etanol y gas natural renovable (RNG). Las características clave incluyen:
- Creación de 800 empleos de construcción y 100 empleos operativos
- Producción anual de 4 millones de gigajulios de RNG y 300 millones de litros de etanol
- Aprobaciones regulatorias del Ministerio del Medio Ambiente de Alberta, la Comisión de Servicios Públicos y la Ciudad de Calgary
Green Impact Partners (TSXV: GIP)는 앨버타 TIER 프로그램에 따라 탄소 배출권 경로를 최종 확정했습니다. 캘거리의 Future Energy Park 프로젝트에 대해. 이 회사는 또한 시설에서 생물 유래 CO2를 격리하는 계약을 체결했습니다. 이 이정표는 프로젝트의 예상 수익 프로필과 경제성을 확인하며, 부채 금융을 위한 기초를 다졌습니다.
Future Energy Park는 북미 최대의 탄소 음성 바이오 연료 시설이 될 것입니다, 비식용 밀을 사용하여 에탄올과 재생 가능 천연 가스(RNG)를 생산합니다. 주요 특징은 다음과 같습니다:
- 800개의 건설 일자리와 100개의 운영 일자리 창출
- 연간 400만 기가줄의 RNG와 3억 리터의 에탄올 생산
- 앨버타 환경부, 공공 유틸리티 위원회 및 캘거리 시로부터의 규제 승인
Green Impact Partners (TSXV: GIP) a finalisé les voies pour les crédits carbone dans le cadre du programme TIER de l'Alberta pour son projet Future Energy Park à Calgary. L'entreprise a également obtenu des accords pour séquestrer le CO2 biogénique de l'installation. Ce jalon confirme le profil de revenus anticipé et l'économie du projet, le positionnant pour un financement par emprunt.
Le Future Energy Park sera la plus grande installation de biocarburants à bilan carbone négatif d'Amérique du Nord, utilisant du blé non alimentaire pour produire de l'éthanol et du gaz naturel renouvelable (RNG). Les principales caractéristiques incluent :
- Création de 800 emplois dans la construction et 100 emplois opérationnels
- Production annuelle de 4 millions de gigajoules de RNG et 300 millions de litres d'éthanol
- Approbations réglementaires du ministère de l'Environnement de l'Alberta, de la Commission des services publics et de la Ville de Calgary
Green Impact Partners (TSXV: GIP) hat die Wege für Kohlenstoffgutschriften abgeschlossen im Rahmen des TIER-Programms von Alberta für sein Future Energy Park-Projekt in Calgary. Das Unternehmen hat auch Vereinbarungen zur Sequestrierung von biogenem CO2 aus der Anlage gesichert. Dieser Meilenstein bestätigt das zu erwartende Einnahmenprofil und die Wirtschaftlichkeit des Projekts und bereitet es auf die Kreditfinanzierung vor.
Der Future Energy Park wird die größte karbonnegative Biokraftstoffanlage in Nordamerika sein, die nicht essbaren Weizen zur Herstellung von Ethanol und erneuerbarem Erdgas (RNG) nutzt. Zu den Hauptmerkmalen gehören:
- Schaffung von 800 Baujobs und 100 Betriebsjobs
- Jährliche Produktion von 4 Millionen Gigajoule RNG und 300 Millionen Litern Ethanol
- Genehmigungen von Alberta's Umweltministerium, der Versorgungsbehörde und der Stadt Calgary
- Finalized carbon credit pathways under Alberta's TIER program
- Secured agreements for biogenic CO2 sequestration
- Project positioned for debt financing
- Anticipated to be North America's largest carbon-negative biofuels facility
- Expected to create 800 construction jobs and 100 operational jobs
- Projected annual production of 4 million gigajoules of RNG and 300 million liters of ethanol
- Obtained key regulatory approvals for construction and operation
- None.
Calgary, Alberta--(Newsfile Corp. - July 29, 2024) - Green Impact Partners Inc. (TSXV: GIP) ("GIP" or the "Company") is pleased to announce that the Company has finalized the carbon credit pathways under the Alberta Technology Innovation and Emissions Reduction ("TIER") program for its flagship project, the Future Energy Park, to be located in Calgary, Alberta. In addition, as part of ongoing development activities, GIP has also successfully finalized agreements to sequester the biogenic CO2 from the facility.
"Achieving this milestone is a significant accomplishment for GIP as it confirms the anticipated final revenue profile and economics of the project. It's been a tremendous effort, and I'm extremely proud of our team for bringing these items across the line," said Jesse Douglas, Chief Executive Officer. "I'm thrilled the Future Energy Park is now positioned to move forward with debt financing which would typically take four to six months. We're closer than ever to breaking ground on this first-of-its-kind facility, and I look forward to the positive impact this project will have on the City of Calgary and the Province of Alberta."
The Future Energy Park will be North America's largest carbon negative biofuels facility spanning both the agriculture and energy sectors by using non-food grade wheat to create ethanol and renewable natural gas ("RNG"). The project will create approximately 800 jobs over 24 months during construction and 100 direct and indirect jobs during operations. The facility's estimated annual production will be approximately 4 million gigajoules of renewable natural gas, over 300 million litres of ethanol, and approximately 595,000 tonnes of wet distilled grains.
The project has received the following regulatory approvals:
- Environmental Protection and Enhancement Act ("EPEA") approval from the Government of Alberta's Ministry of Environment and Protected Areas for the construction and operation of the Future Energy Park;
- Alberta Utilities Commission ("AUC") approval to construct and operate a 30-MW natural gas-fired cogeneration facility for the Future Energy Park. The cogeneration plant will provide high efficiency steam, hot water and electricity to the biofuels facility as part of its integrated operations philosophy; and
- Land Use Approval from the City of Calgary.
About Green Impact Partners
Green Impact Partners is forging a path towards a sustainable future by turning waste into clean, renewable energy. With a focus on renewable natural gas and clean bio-energy projects, our mission is to acquire, develop, construct, and operate facilities that not only produce energy but also play an important role in waste reduction and lowering emissions. Our comprehensive approach spans the entire project life cycle, from idea generation through construction to ongoing operations. In addition to our RNG and clean bio-energy projects, GIP maintains a current portfolio of water and solids treatment and recycling facilities in Canada, alongside a solids recycling business in the United States.
Traded on the TSX Venture Exchange under the symbol GIP, Green Impact Partners invites you to join us in our journey to create a more sustainable future. For more information about GIP, please visit www.greenipi.com.
Investor & Analyst Inquiries:
Nikolaus Kiefer
Chief Investment Officer
(236) 476-3445
investors@greenipi.com
Cautionary Statements
This news 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 news release, such words as "estimates", "would", "will", "anticipates", "approximately", "expects", "believes", "explores" and similar expressions, as they relate to GIP, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of GIP with respect to future events, and are subject to certain risks, uncertainties and assumptions. Certain information and statements contained in this news release constitute forward-looking statements, including, but not limited to: estimated tonnes of carbon credits; number of estimated jobs to be created and construction timelines; projected production levels. Many factors could cause GIP's actual results, performance or achievements to be materially different from any expected future results, performance or achievement 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 in Canada and the United States, industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced in Canada and the United States; volatility of prices for energy commodities; change in demand for clean energy to be offered by GIP; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada and the United States; ability to access sufficient capital from internal and external sources; many of which are beyond the control of GIP; and certain other risks and uncertainties detailed in GIP's Management's Discussion and Analysis for the years ended December 31, 2023 and 2022 and from time to time in GIP's public disclosure documents available under the Company's profile on www.sedarplus.ca.
The forward-looking statements contained in this news release are made as of the date of this release, and except as may be expressly required by law, GIP disclaims any intent, 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. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Management of GIP has included the above summary of assumptions and risks related to forward-looking statements provided in this news 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 for other purposes. GIP's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits GIP will derive therefrom.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218081
FAQ
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