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Green Impact Partners Announces Third Quarter 2023 Results and Provides Project Updates
Calgary, Alberta--(Newsfile Corp. - November 29, 2023) - Green Impact Partners (TSXV: GIP) ("GIP"...
About this update from Green Impact Partners Inc
[{"type":"text","content":"Green Impact Partners Announces Third Quarter 2023 Results and Provides Project UpdatesCalgary, Alberta--(Newsfile Corp. - November 29, 2023) - Green Impact Partners (TSXV: GIP) (\"GIP\" or the \"Company\") announces third quarter 2023 results and provides an update on its near-term projects.\"As a young and growing company, we deeply value the power of execution, and our team is focused on achieving key milestones,\" said Jesse Douglas, Chief Executive Officer. \"Commercial operations at our GreenGas Colorado facilities are imminent as we finalize the interconnections with the local utility company. In parallel, our team is expertly navigating the complexities of the Future Energy Park, guiding us through regulatory processes, negotiating key contracts, and positioning us for financial close in early 2024. As we approach the close of 2023, I am inspired and humbled by our progress, confident that we are laying the essential groundwork for a transformational year ahead as we commence construction of the Future Energy Park.\"Commercial Operations at GreenGas Colorado RNG Facility Imminent (\"GreenGas Colorado\")GIP's GreenGas Colorado facilities are fully complete, with all major components commissioned. Commercial operations are imminent as the local utility completes its final interconnection steps to accept the Company's gas production into the pipeline system. GIP continues to optimize performance of the facility to maximize the returns of the lowest possible carbon intensity score and highest energy production. GreenGas Colorado is expected to produce gas at or above the expected run-rate production of 360,000 MMBtu per year, which remains on track to be fully realized through 2024. Future Energy Park Advances in Preparation for Start of Construction in 2024GIP continues to advance the Future Energy Park focusing on regulatory, engineering, procurement, and construction (\"EPC\") contracts, commercial contracts, and financing. The Company looks forward to working with the City of Calgary to commence construction in 2024. GIP expects financial close as early as the first quarter of 2024. Executive Leadership Team Addition GIP welcomed Sonya Kirby to the executive leadership team as Chief Operating Officer. Sonya will be responsible for developing and supporting the implementation of organizational strategies, providing direct...