ACO.Y ATCO Ltd

ATCO Midstream and Grow-Gen Energy announced today that they have signed an
initial partnership agreement to develop Canada's first Integrated
BioRefinery(TM). The refinery will use organic wastes and high-starch wheat to
create green electricity, biofertilizer and fuel ethanol.


"ATCO is proud to be a partner in this world leading technology," said Nancy
Southern, President and CEO of the ATCO Group. "This project will generate clean
electricity as well as produce ethanol and biofertilizer. It is at the forefront
of environmental innovation."


The project involves the expansion of an existing biogas-to-electricity facility
east of Edmonton, near Vegreville, Alberta. The plant currently uses manure from
Highland Feeders, one of Canada's largest feedlots, to create biogas and green
power. The resulting green energy will be used to fuel a new ethanol production
system. The ethanol will be derived from locally grown high-starch wheat, as
opposed to high-protein wheat used for human food products.


Under the terms of the agreement, ATCO Midstream would operate the biorefinery
and be a part-owner. Grow-Gen Energy L.P. of Hairy Hill, Alberta would be the
other significant owner, along with several investors including a farmer-owned
grain procurement partner, Providence Grain Group Inc. of Fort Saskatchewan.


"This project greens Alberta's energy basket using our own home-grown, globally
patented technology," said Shane Chrapko, CEO of Grow-Gen Energy. "By linking
efficient food production with the growing demand for renewable energy, we are
taking a major step forward in improving the sustainability of two key
industries in the province." 


The entire process is virtually waste-free. The residual grains that remain
after the ethanol is made will be fed to cattle at a nearby feedlot, while
biofertilizer, a byproduct of the biogas production, is sold to local farmers
and oil and gas drilling companies for soil enhancement and remediation. 


The completed biorefinery will generate 40 million litres of fuel ethanol, 10
thousand tonnes of premium biofertilizer and 2.5 MW of green electricity each
year. It will also create more than 100 thousand tonnes of greenhouse gas
emissions offset credits annually. Operations are scheduled to commence in
mid-2012.


ATCO Midstream provides natural gas gathering, processing, storage and natural
gas liquids solutions to the Canadian natural gas producing sector. More
information about ATCO Midstream can be found at www.atcomidstream.com.


ATCO Midstream is part of the ATCO Group of Companies. ATCO Group, with more
than 7,500 employees and assets of approximately $9.9 billion, delivers service
excellence and innovative business solutions worldwide with leading companies
engaged in Utilities (pipelines, natural gas and electricity transmission and
distribution), Energy (power generation, natural gas gathering, processing,
storage and liquids extraction), Structures & Logistics (manufacturing,
logistics and noise abatement) and Technologies (business systems solutions).
More information can be found at www.atco.com.


Grow-Gen Energy L.P. is part of the 4BEL Group of Companies. 4BEL Corp.
promotes, develops and helps finance utility-scale, clean energy projects around
the globe. The corporate family includes www.Highmark.ca which owns patented R&D
developed over 11 years at a cost of over $25 million. Highmark is focused on
the waste-to-energy sector. It uses resources from agriculture, food processing
& distribution, slaughterhouses, and municipalities (sewer and solid waste)
while neutralizing pathogens and maximizing the value of byproducts. Sister
company Alpha-J L.P. is patenting proprietary algae-based energy &
neutraceutical technologies. Further details can be found at
www.GrowingPower.com.


Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. The Corporation believes that the expectations reflected in the
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon.


The Corporation's actual results could differ materially from those anticipated
in these forward-looking statements as a result of regulatory decisions,
competitive factors in the industries in which the Corporation operates,
prevailing economic conditions, and other factors, many of which are beyond the
control of the Corporation. 


The forward-looking statements contained in this news release represent the
Corporation's expectations as of the date hereof, and are subject to change
after such date. The Corporation disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable securities
regulations.

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