Vancouver-based Hydrogen Technology & Energy Corp. (HTEC) completed the acquisition of a 21-acre industrial property located on the North Vancouver waterfront for $145 million. The purchase, finalized after 16 months of due diligence with ERCO Worldwide, involved a complex process of transaction structuring, regulatory approvals, and land use agreements. The property at 100 Forester Street will be the site for a 15 tonne-per-day clean hydrogen plant, designed to capture, purify, and process by-product hydrogen to cater to the rising demand for low-carbon transportation fuels. Although the plant was initially set to be operational by early 2026, there has been a delay, prompting a virtual public information session. ERCO Worldwide will continue its manufacturing operations on a leased portion of the property, producing by-product hydrogen through electrolysis. The transaction, facilitated by Avison Young and CBRE Ltd., is considered a significant milestone for HTEC in providing clean hydrogen fuel to British Columbia and the wider Pacific Northwest region. The deal is lauded as the largest industrial land transaction in North Vancouver's history, showcasing economic growth prospects related to hydrogen adoption in the area.