Chris Bohn: Yes. One other point, Jeff, to answer the second part of your question, is this continuing to build as we go forward. As you recall, this went to — this goes back to really 2012 when we started to initiate on it, even though it’s early 2000s. So, some of that profit distribution was changed during that timeframe. So, there’s really nothing that’s continuing to build on a go-forward basis. It’s more or less through this 2021 time frame for the most part.
Jeff Zekauskas: Great. Okay. And in the Donaldson complex, you want to transport in store 2 million tons of process CO2. How much CO2 does the Donaldson complex throw off, or maybe put another way, how much CO2 was thrown off per ton of ammonia you produce?
Tony Will: Yes. So, in terms of total CO2 generation per ton of ammonia in our plants, it’s about 1.8 tons of CO2. Now, of that, about a third of it is flue gas and the rest of it is maybe it’s more like 40% or 50% is flue gas. The rest of it is processed CO2. So, the process portion of the CO2 is right now, we have an excess of about 4 million tons in aggregate. So, we’re taking about half of the excess process CO2 and signing up to — with Exxon has signed up to sequester that amount. We’re going to continue to evaluate and ideally, we’ll do a second project and sequester more of it. The challenge a little bit is the margin opportunity on urea and UAN, tends to be higher than just for ammonia, at least the way current product pricing is that may change in a clean energy ammonia world.
But on a current basis, that’s the case. So what we want to do is to ensure when we do have a trip of one of our ammonia plants, we’re able to continue to operate the urea upgrade units at full capacity. So, we don’t — we’re unlikely on a fixed basis to allocate 100% of the excess CO2 for sequestration, because we want to make sure that we can keep our upgrades running even if we get a turnaround on an ammonia plant or an upgrade. But one option that we haven’t spent a lot of time talking about up to now that we anticipate at some point being able to avail ourselves of is flue gas capture and recovery and then sequestering that CO2. So, as we — and we are involved in the evaluation of flue gas recovery right now. So, — as that starts looking like a more promising and realistic technology to be able to cost effectively implement that gives us a lot of flexibility in terms of being able to sign up another such sequestration deal on the CO2 side.
Jeff Zekauskas: That’s a pretty good answer. Thanks very much.
Operator: We have a question from Vincent Andrews from Morgan Stanley. Vincent, please go ahead.
Will Tang: Hi guys. This is Will Tang on for Vincent. I’m wondering if you could give some additional color on, I guess, what’s happening with respect to Chinese new exports and why you’re expecting them to be flat to down on a year-over-year basis in 2023? And then as a follow-up to that, you guys gave, I guess, what they would be on a looser export restriction level of three million to five million tons per year, which is a little bit lower than what the been exporting between 2019 and 2021 of around five million tons. So I’m wondering, if you could bridge the difference there. Is that just higher demand from the region, or are there other aspects influencing that estimate?
