Thank you for having us here.
As Trevor touched on, the real story for us is the integrated nature of a digester next to an ethanol plant next to a feedlot. The three previous companies were talking in municipal terms, and you might wonder how this relates to a municipal value. Right now we are taking tens of tonnes of waste that would normally end up in the landfills out of the cities and towns. It's going into our digester and we're making energy out of it. So that's very much a waste-to-energy story, and it's a good one.
Trevor mentioned the energy balance that we have is 4.4 to one. That means one unit of energy goes into our facility and we get four out. With traditional or conventional oil, one unit of energy goes in and you get 0.8 out. It's a huge difference. You hear a lot about cellulosic ethanol. It's one to four; so one unit goes in and four come out. But it's five years out, and it has been five years out for the last twenty years or whatever.
We're there now, and my message is that dollars will flow to the jurisdictions that have policy that supports renewable energy. Our current facility is a $100 million project. There is room for five or six more in Alberta, next to big feedlots. If the correct policy is in place, there will be many more. It won't have to be the very large ones that get funded.
We went around the globe looking for investment, because they said that it won't happen in Alberta because all the policy goes for traditional oil. Recently Alberta put the RFS in, and it's a low-carbon RFS. They announced it; it's not law yet. That made all the difference in the world. So dollars will flow and there are billions of dollars at stake. Billions of dollars are going to flow and are flowing around the globe and they will go to jurisdictions that have favourable policy.
Some of that policy is support for low-carbon fuel, and some of the ideas there are the RFS loan guarantees, or lift to equity coming in from outside the jurisdiction for renewable fuel. There are many different examples of that.
I don't know if I'm over the minute now.