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Green Impact Partners Inc. Announces a Partnership for Development of a Large Scale Bio Fuel Facility
Green Impact Partners Inc. Announces a Partnership for Development of a Large Scale Bio F...
About this update from Green Impact Partners Inc
[{"type":"text","content":"\n \n \n \n Green Impact Partners Inc. Announces a Partnership for Development of a Large Scale Bio Fuel Facility\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n June 23, 2021\n \n . /CNW/ - Green Impact Partners Inc. (\"\n \n GIP\n \n \" or the \"\n \n Company\n \n \") is pleased to announce a partnership with Carbon Clean Energy Inc. (\"\n \n CCE\n \n \") and PCL Constructors Inc. (\"\n \n PCL\n \n \") to develop a large-scale bio-fuel facility located in\n \n Calgary, Alberta\n \n (the \"\n \n Project\n \n \"). The Project, once operational, is expected to be carbon negative and will produce annually over 300 million litres of ethanol, up to 2.5 million Btu of renewable natural gas and 2.3 million tonnes of carbon offset credits. A final investment decision to proceed to construction is expected later this year or early 2022.\n \n \n The Project has an anticipated capital cost of\n \n $475 million\n \n and once operational, will generate approximately\n \n $140 million\n \n in annual EBITDA. GIP is closing on a substantive development investment in the project and anticipates holding a 50% interest. ATB Capital Markets is the financial advisor for the Project.\n \n \n \"This is an incredible opportunity to advance a sizable, and well-developed clean energy project that fits with GIP's overall purpose and strategy\" says\n \n Jesse Douglas\n \n , CEO. \"We look forward to advancing the project with our partners. This Project, once built, will be a significant contribution to the global need to reduce carbon emissions.\"\n \n \n \"We are proud to partner with GIP and CCE to bring our experience to bear on a project that will help deliver a cleaner, more sustainable solution to help meet\n \n Alberta's\n \n energy needs,\" says\n \n Roger Keglowitsch\n \n , COO Heavy Industrial, PCL Construction. \"PCL has long been committed to collaboratin...