Natural gas distribution company Green Impact Partners (GIP) has secured final regulatory approval to build and operate the Future Energy Park in Calgary, Canada.

The Future Energy Park is a $1.2bn biofuels facility that will produce ethanol, renewable natural gas, electricity, and steam.

Alberta’s Ministry of Environment and Protected Areas granted Environmental Protection and Enhancement Act permission for this facility.

The approval represents a major milestone and is the result of more than two years of technical and environmental examination, as well as consultation with local stakeholders and indigenous communities.

GIP CEO Jesse Douglas said: “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.

“With all our major discretionary permits now secured, our team will continue to advance the project towards financial close.”

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To be constructed on a 52-acre parcel of land designated for industrial use, the Future Energy Park is projected to have an annual production of more than 3.5 million metric British thermal units of renewable natural gas.

Furthermore, it will also have approximately 300 million litres of cellulosic equivalent ethanol and roughly 350,000 tonnes of high-quality wet distillers’ grain production capacity once operational.

The project is estimated to create 800 jobs throughout construction, with an additional 100 direct and indirect jobs created during operations.

It will also generate more than $150m in direct revenue for nearby rural wheat producers yearly.

GIP is working with a team of architects, engineers, planners, and environmental specialists to develop the conceptual plans for the facility.