GPHH L.P. Receives $4,143,000 from Government of Canada
March 12, 2010
For Immediate Release
Hairy Hill, AB. Growing Power Hairy Hill L.P. (“GPHH”) garnered a Federal vote of confidence with a $4,143,000 loan from Canada’s Community Adjustment Fund. This funding will be used to expand the existing industrial-scale bioGas facility--which is already the largest of its kind in the world. GPHH will then have the option to build Canada’s first Integrated bioRefinery(TM), a $100+ million facility that will produce Green Power, bioFertilizer and ultra-low carbon Fuel Ethanol that will easily exceed the most stringent LCA thresholds, such as California's proposed LCFS
2010 Spring Construction to ramp up
Shane Chrapko, CEO of Growing Power Hairy Hill L.P., indicates “The global economic melt down of 2007-09 caused many hardships. Corporate icons, including investment banks and public companies, disappeared along with countless jobs and trillions of dollars of asset value. Our project was not immune to the storm. The Government of Canada’s loan immediately gets our bioGas project underway. We are putting people back to work right now.” This financing ensures the project will not miss the 2010 construction season.
GPHH has generated electricity from high solids waste since the existing plant started selling power into Alberta’s electricity grid in 2005. The plant processes open-pen cattle manure as well as diverting waste from landfill such as food processing and slaughter house byproducts in a process that equally applies to Municipal wastes. The technology employed by GPHH is 100% homegrown in Alberta. The patented technology is continually improved by Highmark Renewables Research L.P., while being offered around the world by 4BEL Ltd.
Alberta has been long applauded as one of the world’s biggest energy sources with oil reserves second in size only to those of Saudi Arabi, but not all of Alberta's energy receives top environmental marks. “I am proud of the GPHH team and what we’ve accomplished to date,” continues Chrapko, “This facility is on track to solve the issue of nearly 500 tons of waste per day while also producing energy on a basis that is 110% green and sustainable.”
The positive contribution to Alberta’s environmental footprint will be significant, reducing green house gas emissions by nearly 150,000 tons/yr when GPHH finishes the second phase of construction. The carefully engineered "renewable energy loop" underlying GPHH's Integrated bioRefinery(TM) will help offset the impact of Alberta’s Tarsand activity.
This project will be a Canadian first and a world leader in terms of economic impact and diversification, employment, and the environment. The project will immediately boost economic activity in the County of Two Hills No. 21, which has been very supportive of the initiative. This project also enjoys tremendous support from the Government of Alberta Ministry of Energy (Alternatives & Renewables). Workers and supplies will be drawn from surrounding areas such as Fort Saskatchewan-Vegreville, Vermilion-Lloydminster, and Lac La Biche-St. Paul.
About GPHH L.P.
Growing Power Hairy Hill L.P. is an Alberta-owned, private limited partnership that converts waste into green, sustainable energy using patented technology from Highmark Renewables Research L.P. GPHH has offices in Hairy Hill, Alberta and Edmonton, Alberta. Over 100 different direct and indirect investors own units of GPHH. All of GPHH's investors are grateful for the project's support from SDTC (Sustainable Development Technology Canada), FCC (Farm Credit Corporation), AFSC (Alberta Financial Services Corporation), Alberta’s provincial Ministry of Energy and most recently from the Community Adjustment Fund (CAF) under Canada’s Economic Action Plan. GPHH is led by two sets of brothers, the Chrapkos and the Kotelkos who have individually and collectively proven their entrepreneurial skills and technology-commercialization instincts and abilities.
For more information contact:
Shane Chrapko, CEO