SustainAgro has completed an in-depth evaluation of the technology, the patents, and the complete economic model. Commercialization is well underway in our Canadian operations. The senior team is finalizing contracts, and working towards breaking ground in 2024.
We note the Federal Climate Action plan released in December 2020 identified the gradual carbon pricing growth to $170 per ton of GHGs by 2030. The new clean fuel standard is legislation, coming into effect in 2023, and the resulting decarbonizing of liquid fuels will increase the value of our carbon-neutral fuels. Thus providing a significant tailwind to our business.