The largest 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.
As part of the deal, ERCO will lease back a portion of the land from HTEC over the long term to continue its sodium chlorate production, which is a process that creates hydrogen.
Sodium chlorate is used for making cosmetics, dyes, explosives, herbicides, pharmaceuticals, paper, and other chemicals. For each tonne of sodium chlorate created, about 56 kg of hydrogen is made as a byproduct through electrolysis.
HTEC’s acquisition of the property allows it to carry out its…