A major clean hydrogen fuel production plant will be built on the industrial waterfront of North Vancouver District, as the result of one of the largest industrial real estate deals this year. Vancouver-based hydrogen supply firm HTEC has reached an agreement to acquire ERCO Worldwide’s sprawling 19-acre industrial waterfront property at 100 Forester Street — just east of the Ironworkers Memorial Bridge. HTEC’s acquisition of the property allows it to carry out its strategy of building a clean hydrogen plant to capture, purify, and process ERCO’s byproduct hydrogen. Its new plant will have the capacity to produce up to 15 tonnes of clean hydrogen fuel per day to meet the growing global market demand for low-carbon transportation fuels.
The deal is expected to be finalized in March 2023, and if all goes as planned, the hydrogen plant will be completed and operational by late 2025.