A small town in Alberta, Canada, will soon be home to what’s being called the “world’s largest” biofuel refinery.

According to media reports, the 300-million-gallon-a-year plant will be built in Innisfail, which is located about 70 miles north of Calgary on Highway 2.

The partners in the project – Riverstone Holdings, the Carlyle Group and Dominion Energy – plan to break ground next year. Once it’s up and running, the plant will produce both bio-diesel and ethanol, as well as crushed canola.