The news that lately established Hitachi High-Technologies Corp. and Air Water Plant & Engineering Inc. (HTAW) is investing CAN $2.2 million to open its North American head office in Vancouver has been welcomed by British Columbians.
The office will coordinate manufacturing and sales in North America for tank containers that will be used for transporting LNG and other related products. It will begin operations on 2 June.
The news comes after HTAW announced the merging of Hitachi High-Technologies Corp. and Air Water Plant & Engineering Inc. on Tuesday.
The Ministry of International Trade's office in Tokyo, Japan, provided Hitachi High-Technologies with a strong argument for establishing its presence in British Columbia (B.C.), including B.C.’s low-tax environment and easy access to both West Coast and Asian markets, as well as programmes like Advantage BC that will help them grow their business.
The North American LNG market has not only seen large-volume demand at large-scale power stations and other facilities, but also small and medium-volume demand. Consequently, natural gas is expected to find various applications, such as in small-scale power plants and LNG-powered locomotives. This, in turn, has created a growing need for small and medium-volume natural gas transportation options, such as trucks and railways, as opposed to the conventional large-volume routes via pipeline.
The Minister of International Trade, Teresa Wat, said: “The decision by Hitachi High-Technologies Corporation and Air Water Plant & Engineering Inc. to locate their North American operations in B.C. speaks to our business-friendly climate, our competitive tax regime and our highly skilled workforce.”
HTAW president Marc Bolduc, said: “Natural gas is expected to find various applications, such as in small-scale power plants and high-horsepower applications such as LNG-powered locomotives. In line with this, there is a growing need for small and medium-volume natural gas transportation means such as trucks and railways, rather than the conventional large-volume transportation means of pipelines.”
“By locating our head office in Vancouver, we will be well positioned to reach out to companies in Canada and the US who are looking to efficiently transport natural gas using our LNG tank containers and related products. B.C. was the ideal choice for us to base our operations.”
Adapted from press release by Ted Monroe
Read the article online at: https://www.lngindustry.com/small-scale-lng/22052014/htaw_to_open_small_scale_lng_office_in_vancouver/