The $60 million deal for the land at 13004 33rd St. in Alberta's capital is expected to make Edmonton the centre of western Canada's hydrogen economy.
The sale of 151.85 acres in Aurum Energy Park closed in early 2022. Planned as the location for Air Products' multi-billion dollar world-scale net-zero hydrogen complex, the plant is envisioned to reach over 1,500 tonnes of hydrogen production per day and achieve greater than three million tonnes per year of CO2 capture. The largescale site acquisition earned a 2023 CoStar Impact Award for the sale/acqusition of the year in Edmonton, as judged by real estate professionals familiar with the market.
According to Air Products, it will operate the world's most competitive and lowest carbon-intensity hydrogen network at the location. The Pennsylvania company will build, own, and operate a new net-zero hydrogen complex consisting of a 30 tonnes-per-day hydrogen liquefaction facility, the first of such liquid hydrogen operations worldwide to provide clean hydrogen to the growing industrial and mobility hydrogen markets across Western Canada.
About the Project: The planned air-separation facility is designed by Air Products to support the operation and to produce liquid oxygen and nitrogen for the merchant industrial gas market. Air Products will be connected to the existing Alberta Heartland Hydrogen Pipeline network for enhanced reliability and phased decarbonization of the entire network.
What the Judges Said: "One of the largest 2022 industrial sale deals," said Scott Hughes with Re/Max Commercial.
"Large sale of lands for alternative energy generation in the local market, helping to change the narrative around Alberta energy industry," said Marc Prefontaine, president of commercial real estate Finance KV Capital Inc.
"Aurum Energy Park is a shining example of how Alberta stays in the responsible-energy industry, improves the environment, and becomes recognized as the environmental steward it is. More good things to come as a result of the Air Products acquisition," added Randy Ferguson, president of Melcor Developments Ltd.
They Made It Happen: Tyler Weiman of Royal Park Realty and Gregg Maimann of CBRE in Edmonton arranged the land sale.
