British Columbia is welcoming the news that Hitachi High-Technologies Corp. and Air Water Plant & Engineering Inc. (HTAW) are investing $2.2 million to open their North American head office in Vancouver.
The office will co-ordinate manufacturing and sales in North America for tank containers that will be used for transporting liquefied natural gas (LNG) and related products.
Starting operations on June 2, the newly established company will conduct a manufacturing and sales operation for LNG transport tank containers and related products, which offer safe, highly efficient transportation of small to medium volumes of natural gas. Specifically, HTAW will use Hitachi High-Tech’s sales expertise and network in North America to market LNG transportation tank containers that utilize Air Water Plant & Engineering’s cryogenic thermal insulation technologies.
This technology offers superior performance against shock and vibration during transport. HTAW will focus its operations mainly on regional energy supply companies and major logistics companies in the U.S. and Canada.
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, including: B.C.’s low-tax environment and easy access to both West Coast and Asian markets, as well as programs like Advantage BC that will help them grow their business.
The North American LNG market has seen growth in demand, not only for large-volume demand at large-scale power stations and other facilities, but also small- and medium- volume demand. As a result, natural gas is expected to find various applications, such as in small-scale power plants and LNG-powered locomotives. This, in turn, creates a growing need for small- and medium-volume natural gas transportation options like trucks and railways, rather than the conventional large-volume transportation via pipeline.