Green Ammonia Project, page-80

Interesting that 75% of operational costs associated with normal ammonia production is power. With our MNB having access to the 3 rd cheapest power in the world we may be able to make Green Ammonia cheaper then grey ammonia putting us in a great position. Cheap power really is the key. These Hydro tariffs are very important for this project, and vital to getting this project off the ground. I expect a partner may be announced to help us build and run this plant, lowering our share of funding also, and derisking the project.