GreenGas Colorado Project nearing completion

In Colorado, GreenGas Colorado Project is nearing completion on-time and in line with budgets. Green Impact Partners expects commissioning to begin mid-summer with RNG production to be at full capacity in early 2023. Design enhancements completed through the construction process have resulted in an increase in the expected quantity of RNG to greater than 360,000 MMBtu per annum.

GIP continues to advance North America’s largest RNG and net CO2 negative biofuels facility, Future Energy Park that will use non-food grade wheat to produce RNG and ethanol. Proposed for southeast Calgary, this renewable energy infrastructure development represents a nearly C$1.0 billion investment in Alberta and the City of Calgary. Once operational, FEP is expected to produce approximately 3.5 million MMBtu per annum of RNG, over 300 million liters of ethanol annually, approximately 235,000 metric tons of cattle feed annually and create saleable carbon credits.

As previously disclosed, GIP has engaged J.P. Morgan and RBC Capital Markets as lead financial advisors to help accelerate the completion of its near-term RNG portfolio, including the Iowa RNG Project and FEP. Opportunities may include a non-dilutive strategic investment in any or all of the GreenGas Colorado Project, the Iowa RNG Project or FEP. A transaction is expected to provide the capital to complete these projects and advance the development of the Company’s remaining portfolio, while still maintaining majority control and significant long-term cash flow accretion for GIP’s shareholders.