 Plastics are simultaneously some of the most valuable and some of the most reviled materials in our society. Over 19.9% of the plastics that are made today are made entirely from petroleum and they account for 8% of global oil and gas and 2% of GH3 emission. And at Resource we think the solution is to try to build a truly better plastic. We are producing a valuable platform chemical called FDCA that can be used to make a variety of different plastics like polyester, polyurethane, polyamides and also biodegradables. The plastic that has been most studied is a polyester called PEPEF made from FDCA and ethylene glycol. It is industrially compostable. You can also recycle it in existing recycling stream which current bioplastics can't. Today, Resource has a proprietary chemical technology for making FDCA at low cost from inedible biomass and CO2. Big advantage of using this as a feedstock is that there are already abundant sources which are mostly considered a waste stream. So this means that we could cooperate with various industries such as forestry or pulp and paper. All of our competitors and indeed all of the biobased plastics produced today are made from food sources which have a considerable GHG footprint and create additional pressure for prop land. The total available market of FDCA is over $100 billion. Resource started with a chemical innovation discovered by my co-founder Anadita Banerjee in the laboratory that enabled us to make chemicals and plastics in a new and sustainable way. The innovation transfer program enabled us to access external expertise to come in and take our chemical innovation and really turn that into a sophisticated model for an actual manufacturing process. I'm very proud to say and very excited to say that today we are making the highest priority FDCA one can find. It is over 99.99% of priority. What we are doing now is sending out samples to our industry partner for validation and products ranging from films for food packaging, bottles, textiles, paint, cosmetics. The innovation transfer grant I believe was catalytic in the formation of resource. The Tomcat Center, we are so eager to support new technologies and founders that are coming out of Stanford. So yeah, nothing better.