That's exactly right. Just to very briefly describe this project, it's solar power and a wind farm creating renewable electricity using an electrolyzer to create carbon-free hydrogen. We then turn that into ammonia to simplify the transportation around the world, and then dissociate that ammonia back to hydrogen at or near the point of use to provide carbon-free hydrogen fuel mobility.
The reason the project is in Saudi, and I know this sounds incredibly simple, is that the sun shines a lot and the wind blows a lot in the northeast part of Saudi Arabia.
As you mentioned, for places like Chile, obviously what it comes down to is that the cost of renewable energy is a huge part of a carbon-free project that is driven by an electrolyzer. You obviously have capital downstream, but the cost of the renewable energy is very important. Places in the world where renewable energy is available at a very competitive price have the potential to be locations for exporting hydrogen to places around the world where it's not economical to produce that renewable energy.
You mentioned Germany. Some of you may be familiar with this. Throughout Europe and particularly in Germany, they are embracing the idea that they're going to need to import hydrogen, because it's not practical to produce hydrogen economically within Germany. Obviously, as everybody knows very well, Canada is blessed with some very attractive costs of renewable electricity, and that absolutely is a potential to be leveraged to produce electrolyzer-driven carbon-free hydrogen, either for use in Canada and/or to be exported.