Green Impact Partners Announces Material Expansion of North American RNG Projects
EBITDA of approximately $20 million. Future Energy Park Located within the City of Calgary, Future Energy Park is a proposed net CO2 negative biofuels facility using non-food grade wheat to produce RNG and ethanol. Future Energy Park represents an over $1.2 billion capital investment with over $300 million in annual EBITDA. The Company anticipates up to 75% in project level debt financing. Currently in the later stages of permitting, GIP is also in the process of finalizing all material agreements, including engineering, procurement, and construction ("EPC"), offtake and supply contracts. Recent updates to project design now include over 400,000 tonnes of annual captured CO2 and high-quality protein distillers grain as a revenue stream. Subject to receipt of regulatory approvals and the close of financing, construction is anticipated to start in early 2023. Once operational, the facility is expected to produce over 3.5 million MMBtu per year of RNG, over 300 million litres of ethanol annually, approximately 235,000 tonnes of high-quality protein distillers grain, capture 400,000 tonnes of clean CO2 and create carbon credits. GreenGas Colorado Gearing Up for Commissioning: Located in Weld County, Colorado, GreenGas Colorado continues to be on time and on budget. GIP expects commissioning to start in late Summer 2022 with first gas production anticipated before year end. Once operational, the facility is expected to produce more than 360,000 MMBtu per year of RNG and a projected run-rate EBITDA of approximately $25 million.