Green Impact Partners Inc. announced it has received approval from the Alberta Utilities Commission ("AUC") 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 and electricity to the biofuels facility as part of its integrated operations philosophy. The Future Energy Park is an innovative, biofuels project which is forging a new path between Alberta's energy and agriculture sectors.

The project represents an approximate $1.2 billion investment in Alberta and the City of Calgary. Once operational, the facility is expected to produce approximately 35 million MMBtu per year of renewable natural gas, over 300 million litres of ethanol annually, approximately 235,000 tonnes of cattle feed annually, and create carbon credits. The project will create approximately 800 jobs over 24 months during construction and 50 jobs during operations.

Once operational, the Future Energy Park will provide annual new, direct revenue of over $150 million to rural wheat producers and income and property tax to the City of Calgary and Province of Alberta. Green Impact Partners is using local and regional engineering, construction, and environmental firms for the project. The facility is being sited in an industrial area in southeast Calgary and will be constructed and operated on 52 acres of land which has been designated for industrial use.

With a carbon intensity score of -20, the Future Energy Park is expected to be North America's largest carbon negative energy facility.