Thank you.
My name is Swapan Kakumanu. I'm the co-founder and director of Fogdog Energy Solutions Inc.
Fogdog is a privately owned Canadian company headquartered in Calgary, Alberta. Fogdog's mission is to eliminate landfills. We do that by creating groundbreaking innovations, where Fogdog systems use materials that would have otherwise been sent to landfills. Those materials provide sustainable green energy and raw materials while reducing greenhouse gases. Fogdog is currently working on a few joint venture partnerships and projects in Canada, as well as internationally.
To put this into context, Canada currently produces around 32 million tonnes of landfill waste per year. Fogdog's mission is to remove these 32 million tonnes from landfills and, in turn, help reduce the climate change temperature by up to 3°C in Canada. Fogdog can process many forms of waste, such as municipal, plastic, tires, oil waste, agricultural waste, etc., and, in turn, create high-quality products, such as graphite, graphene, hydrogen and other green fuels. Graphite, for example, is in high demand in the electric vehicle industry; it's used to manufacture batteries to run these electric vehicles. Currently, China is the largest exporter of graphite in the world.
Let me explain a bit about landfills.
Landfills are a huge problem and have a direct impact on climate change temperature. Less than 10% of plastics are recycled and the rest end up in landfills. Landfills are reaching capacity and new ones need to be built. They contribute up to approximately 30% of Canada's methane emissions—a powerful greenhouse gas. Methane, as everybody knows, is 21 times more potent than CO2.
The full-cycle cost of an average landfill is over $30 million, and it also has a long-term environmental liability and impact. Landfills are huge fire hazards. We have recently seen several of these going up in flames and, in turn, emitting harmful gases as the landfills burn. Currently, landfills do not provide any revenue or energy but are a huge cost, both financially and environmentally. Municipal waste management is expensive. Municipal governments in Canada collectively spend around $4 billion per year on waste collection, transportation and disposal, and on maintaining these landfills. Finally, every landfill leaks. Leachate, a toxic brew of waste chemicals, leaks into the ground system.
Let me talk a bit about Fogdog and the municipalities.