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Green Impact Partners Achieves Major Milestone: Future Energy Park Receives Final Regulatory Approval to Construct and Operate the Facility

Press Release

Calgary, Alberta–(December 11, 2023) – Green Impact Partners Inc. (TSXV: GIP) (“GIP” or the “Company”) is pleased to announce it has received its 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 – an estimated $1.2 billion renewable biofuels facility to be located along the eastern edge of the City of Calgary. This significant achievement is the culmination of nearly two years of technical and environmental review, along with extensive consultation and engagement with local stakeholders and Indigenous communities.

“This approval represents an extraordinary milestone for the project, and I’m extremely proud of our regulatory, engineering and development teams for their dedicated efforts that have enabled this major regulatory approval to become a reality,” commented Jesse Douglas. “I’d also like to extend our sincere thanks to the Calgary community, the City of Calgary, Rocky View County and the Province of Alberta for their engagement and support of this great project. With all our major discretionary permits now secured, our team will continue to advance the project towards financial close.”

The Future Energy Park is a pioneering development that spans two of Alberta’s pivotal economic sectors – energy and agriculture – that is set to leave an indelible mark on the provinces’ energy landscape. GIP is committed to fostering enduring, impactful change, while demonstrating the Company’s unwavering dedication to technological innovation, environmental stewardship, and sustainable solutions.

Architectural Rendering of Entrance to Future Energy Park and its Grain Silos in the Background

To view an enhanced version of this graphic, please visit:
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About the Future Energy Park

  • The project will create approximately 800 jobs over 24 months during construction and approximately 100 direct and indirect jobs during operations.
  • The facility will provide annual, direct revenue of over $150 million to surrounding rural wheat producers.
  • It will provide significant income tax and property tax revenues to the Province of Alberta and the City of Calgary once operational.
  • GIP is using local and regional engineering, construction, equipment and service vendors, 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.
  • Once operational, the facility’s estimated annual production is over 3.5 million MMBtu of renewable natural gas, over 300 million litres of cellulosic equivalent ethanol, and approximately 350,000 tonnes of high-quality wet distillers’ grain.
  • The Future Energy Park is expected to be North America’s largest carbon negative biofuels facility.

For more information on the Future Energy Park visit https://www.greenipi.com/portfolio/future-energy-park/.

About Green Impact Partners

Green Impact Partners is focused on creating a more sustainable future and inclusive planet by developing clean energy. GIP acquires, develops, and builds RNG and clean bio-energy projects, with the intention of building, owning, and operating a portfolio of producing facilities, and participates in a wide range of zero-carbon opportunities during every stage of the project lifecycle – from idea generation through to operations. GIP has a portfolio of RNG growth opportunities under development and, if all were to achieve final investment decisions, would represent over $3 billion in capital expenditures over the next three years. In its pursuit of net zero earth impact, GIP is positioned to be a leading producer of decarbonizing energy in North America. GIP’s shares trade on the TSX Venture Exchange under the symbol GIP.V. For more information about GIP and its projects, visit www.greenipi.com.

Investor & Analyst Inquiries:
Nikolaus Kiefer
(236) 476-3445
investors@greenipi.com

Media Inquiries:
media@greenipi.com

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