Canadian hydrogen solutions firm HTEC has revealed it has entered into an agreement to purchase industrial land in North Vancouver, British Columbia (BC) with intentions of constructing a 15 tonne per day clean hydrogen plant.
Under the agreement with ERCO Worldwide, HTEC is set to purchase land, a portion of which ERCO will lease back on a long-term basis to continue its manufacturing operations, including the generation of by-product hydrogen gas.
Subject to commercial closing conditions, the land transaction is expected to close in March 2023, with the target of the hydrogen plant being operational by the end of 2025.
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