As I said in my statement, we consider that the hydrogen that H2 V Energies produces from biomass uses 5.25 times less electricity than any equivalent electrolysis process.
From the outset, this allows us to make hydrogen much less expensive. We were wondering earlier, and I didn't really go into it, whether a green hydrogen molecule costs more than a grey hydrogen molecule. Strangely enough, they are getting closer in price.
If we want to produce renewable natural gas, we need to focus on exporting hydrogen and transporting it in natural gas pipelines, because currently there's a huge demand for it.
Our advantage at H2 V Energies is that we produce hydrogen from biomass, which itself produces electricity. Why do we use 5.25 times less electricity? Because biomass already produces electricity. Yes, our hydrogen costs less than the projected price of $4 U.S. by 2030, and yes, we are closer to the emerging markets.
If Canada wants to be a leader, we need to think about reducing greenhouse gases. But let me remind you that two factors play a role in reducing those gases.
First, biohydrogen production brings carbon credits. Now H2 V Energies can conduct its own carbon marketing. Second, when we reduce biomass, that also creates carbon credits.
That's how H2 V Energies manages to mass-produce hydrogen cheaper than any other process on the market. We cost less in electricity, biomass produces electricity for us, and we get more carbon credits than any other industry that produces carbon equivalents.
With this in mind, we need to promote mass production of hydrogen. The more we produce in a—