Mr. Speaker, yesterday, the Degussa multinational corporation announced that it would build a hydrogen peroxide plant at the Port of Quebec. The governments of Canada and Quebec each agreed to pay 50 per cent of a $10 million refundable contribution to help carry out this project.
This $140 million investment will provide work for 1,000 people every year during construction and create 150 direct and indirect jobs once the plant is up and running.
It should be noted that the process that will be used at the Quebec plant to produce hydrogen peroxide is non-polluting and that it will also reduce the toxicity level of the waste generated by pulp and paper mills during bleaching.
The hon. members representing the Quebec City region will surely join me in citing this as additional evidence of the benefits resulting from intergovernmental co-operation and consultation designed to promote economic development and create jobs.