There will be short-term and long-term benefits.
In the short term, by which I mean the next few years, we will continue to create jobs. In fact, we hire researchers in Canada and Quebec on a quarterly basis to work at our research centres in both Saguenay—Lac-Saint-Jean and Montreal.
I should point out that ELYSIS technology decarbonizes aluminum electrolysis by using non-carbon anodes that do not release any CO2. This allows us to attract talented researchers and workers who were not particularly interested in yesterday's aluminum industry. We are going to continue with these efforts and invest in a pilot unit.
I believe that ELYSIS will help build the Saguenay of tomorrow. Saguenay's production site exists today because 100 years ago, my distant visionary predecessors built hydroelectric power stations. That's what gave Quebec a sustainable competitive advantage in aluminum production for decades. It's clear today that if we want to continue to do so, aluminum production will have to release diminishing amounts of carbon. Carbon emissions from production in Saguenay result from the electrolysis process. If we can manage to produce aluminum on a comparable scale using other patented processes, it will become possible to restore this sustainable competitive advantage and keep a step ahead of the competition in the entire industry. And as I was saying, in doing so, we'll be inventing the Saguenay of tomorrow.
ELYSIS is being developed in the Saguenay and will be used in Saguenay. That will make it possible to create another level of competitive advantages for the aluminum industry in Quebec. Our clients, or rather the clients of our clients, such as those who build automobiles or aircraft, or who produce packaging, want aluminum that has a very low carbon footprint. For 20 years, when we told them that we were producing aluminum using hydroelectricity, that kept them happy; but it's no longer enough for them. They now want an electrolysis process that doesn't release any carbon. And that's precisely what we are trying to accomplish together, through ELYSIS.