Thank you, Mr. Tan.
Yes, with every process there are going to be extra costs. Just to give you a bit of background on myself, I was an accountant in a previous career for 20 years, so I looked at numbers day in and day out. Going into this process, I looked at the numbers, because if it didn't make sense economically, I wasn't going to waste my time or spend my time on it.
We have two components to our process that are unique. One is that when we run our process, it's strictly 100% electricity with no emissions. That allows us to do two things. We can utilize the process on our heavy oil in Canada, while we can't on anybody else's in the world. At the same time, when we process it with this....
The only way you can do it is by heating it and distilling it and pulling off light ends. Industry has focused on using and burning fossil fuels. We have focused on being electricity-driven, which is a very efficient way to do it, although the industry doesn't believe it because they've used other forms of electricity. That's the extensiveness of our patent. It uses an energy source that becomes much cleaner, and we don't have emissions from it. If we were to run a process, a modified version of this, and become a refining process, which it is capable of doing, it would be the first refinery in the world that would have zero emissions on its production. It would have emissions from the source, which is, say, hydroelectric dams. It could be coal. It doesn't matter. It's the source that's causing the emissions, not our process, so that's the uniqueness.
When I looked at the cost structure and I looked at what industry's is—because I like to look at numbers, obviously—the numbers we can show are substantially lower than what the industry currently has. We're prepared to share those numbers because we're not looking to protect the numbers; we're looking to protect our technology.