Broadly, that's correct, and it fits in with the message I gave earlier. This is a growth industry. We have to remember where these chemicals go: they go into 95% of all finished products. If you can touch it, taste it, feel it or see it, it has chemistry in it.
As the economy grows, as there more people in Asia aspire to enter have a middle-class lifestyle there, and worldwide too, more demand for more sustainable [Technical difficulty--Editor] water, clean energy, and safe, nutritious, abundant food, that means more and more chemistry. Canada, and your location in Alberta, is especially well positioned to contribute to that. It has incredibly low-carbon, abundant low-cost resources. We can make our chemistries with a fraction of the greenhouse gas of other locations.
The plant you reference in Redwater, the Inter Pipeline that will produce polypropylene, will be the lowest, or amongst the lowest emitters of greenhouse gases anywhere on the planet.
There are enormous opportunities to do the job right. We can do it in Canada. For every one of those plants we don't build here, the marginal tonne of supply of these chemicals is going to come from coal to chemicals pathways in Asia. Therefore, if we care about global climate—and we all do and we all should—we have to look carefully at where these chemistries are going to come from.
In Canada, as with Ms. Benoît's industry, we're an $80-billion a year industry and 80% of everything we produce is exported. Thus, we have a great contribution to make to lower carbon chemistries all around the world.