HyOrc, Expands European Green Methanol Strategy with New Porto Deal
HyOrc Corporation (OTC: ASPZ) has signed an MOU with Start Lda to develop a 25,000 ton per annum green methanol facility in Porto, Portugal, with projected lifetime revenues of $390 million. This follows their previous MOU with Acetech Metals for a 13,000 ton facility in Scunthorpe, UK.
The combined facilities will produce 38,000 tons of renewable methanol annually, utilizing HyOrc's proprietary RDF gasification and methanol synthesis systems. The strategic port-centric locations will serve maritime operators and industrial users, supporting EU decarbonization goals while contributing to regional job creation and energy security.
HyOrc Corporation (OTC: ASPZ) ha firmato un protocollo d'intesa con Start Lda per sviluppare un impianto di metanolo verde da 25.000 tonnellate annue a Porto, Portogallo, con ricavi previsti per tutta la durata di 390 milioni di dollari. Questo segue il precedente protocollo con Acetech Metals per un impianto da 13.000 tonnellate a Scunthorpe, Regno Unito.
Le strutture combinate produrranno 38.000 tonnellate di metanolo rinnovabile all'anno, utilizzando i sistemi proprietari di gassificazione RDF e sintesi del metanolo di HyOrc. Le sedi strategiche vicino ai porti serviranno operatori marittimi e utenti industriali, sostenendo gli obiettivi di decarbonizzazione dell'UE e contribuendo alla creazione di posti di lavoro regionali e alla sicurezza energetica.
HyOrc Corporation (OTC: ASPZ) ha firmado un memorando de entendimiento con Start Lda para desarrollar una planta de metanol verde de 25,000 toneladas anuales en Oporto, Portugal, con ingresos proyectados de 390 millones de dólares durante su vida útil. Esto sigue a su anterior memorando con Acetech Metals para una planta de 13,000 toneladas en Scunthorpe, Reino Unido.
Las instalaciones combinadas producirán 38,000 toneladas de metanol renovable anualmente, utilizando los sistemas patentados de gasificación RDF y síntesis de metanol de HyOrc. Las ubicaciones estratégicas centradas en puertos atenderán a operadores marítimos y usuarios industriales, apoyando los objetivos de descarbonización de la UE y contribuyendo a la creación de empleo regional y la seguridad energética.
HyOrc Corporation (OTC: ASPZ)는 포르투갈 포르투에 연간 25,000톤 규모의 친환경 메탄올 시설을 개발하기 위해 Start Lda와 양해각서(MOU)를 체결했으며, 예상 수명 기간 매출은 3억 9천만 달러입니다. 이는 영국 스컨소프에 위치한 13,000톤 시설에 대한 Acetech Metals와의 이전 양해각서에 이은 것입니다.
이 두 시설을 합쳐 연간 38,000톤의 재생 메탄올을 생산할 예정이며, HyOrc의 독자적인 RDF 가스화 및 메탄올 합성 시스템을 활용합니다. 전략적으로 항구 중심에 위치한 이 시설들은 해양 운송업체와 산업 사용자들에게 서비스를 제공하며, EU의 탈탄소화 목표를 지원하고 지역 일자리 창출과 에너지 안보에 기여할 것입니다.
HyOrc Corporation (OTC : ASPZ) a signé un protocole d'accord avec Start Lda pour développer une installation de méthanol vert de 25 000 tonnes par an à Porto, au Portugal, avec des revenus projetés sur la durée de vie de 390 millions de dollars. Cela fait suite à leur précédent protocole d'accord avec Acetech Metals pour une installation de 13 000 tonnes à Scunthorpe, au Royaume-Uni.
Les installations combinées produiront 38 000 tonnes de méthanol renouvelable chaque année, en utilisant les systèmes propriétaires de gazéification RDF et de synthèse de méthanol de HyOrc. Ces emplacements stratégiques centrés sur les ports desserviront les opérateurs maritimes et les utilisateurs industriels, soutenant les objectifs de décarbonation de l'UE tout en contribuant à la création d'emplois régionaux et à la sécurité énergétique.
HyOrc Corporation (OTC: ASPZ) hat eine Absichtserklärung mit Start Lda unterzeichnet, um eine 25.000 Tonnen pro Jahr grüne Methanol-Anlage in Porto, Portugal, zu entwickeln, mit prognostizierten Lebenszeitumsätzen von 390 Millionen US-Dollar. Dies folgt auf ihre vorherige Absichtserklärung mit Acetech Metals für eine 13.000 Tonnen Anlage in Scunthorpe, Großbritannien.
Die kombinierten Anlagen werden jährlich 38.000 Tonnen erneuerbaren Methanol produzieren und dabei HyOrcs proprietäre RDF-Vergasungs- und Methanolsynthesesysteme nutzen. Die strategisch an Häfen gelegenen Standorte werden maritime Betreiber und industrielle Nutzer bedienen, die EU-Dekarbonisierungsziele unterstützen und zur regionalen Schaffung von Arbeitsplätzen sowie zur Energiesicherheit beitragen.
- Projected lifetime revenues of $390 million from Porto facility
- Strategic port locations provide access to major shipping lanes and logistics hubs
- Combined 38,000 tons annual production capacity from both facilities
- Proprietary technology converts waste into high-purity methanol with lower emissions
- Project still in early MOU stage, not final agreement
- Revenue projections described as 'conservative', suggesting potential uncertainty
HOUSTON, July 08, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: ASPZ), a developer of patented hydrogen combustion and waste-to-fuel technologies, today announced it has signed a Memorandum of Understanding (MOU) with Start Lda, a Portugal-based liquid and gaseous fuels trading company, to develop a 25,000 ton per annum green methanol production facility in Porto, with conservative projected lifetime revenues of
This agreement builds on HyOrc’s previously announced MOU with Acetech Metals for a 13,000 ton per annum RDF-to-methanol facility in Scunthorpe, UK. Together, the projects form the foundation of HyOrc’s strategy to establish a robust European supply network for low-carbon marine fuels and industrial decarbonization.
Strategic Highlights:
- Port-Centric Production: Developing facilities in Porto and Scunthorpe positions HyOrc close to major shipping lanes and logistics hubs essential for efficient delivery to maritime operators and other industrial users.
- Scalable Capacity: Combined annual output from both facilities will exceed 38,000 tons of renewable methanol, with future expansion planned to meet rising demand from the shipping sector’s energy transition.
- Integrated Technology: Both projects will deploy HyOrc’s proprietary RDF gasification and methanol synthesis systems, which convert waste-derived feedstocks into high-purity methanol with lower lifecycle emissions.
- Circular Economy Impact: By transforming local waste streams into clean fuel, these plants will contribute to regional job creation, energy security, and compliance with tightening EU decarbonization targets.
“Our Porto agreement marks a significant milestone in HyOrc’s European growth strategy,” said Andrea Magalini, Director of Business Development. “We are systematically identifying the right locations to anchor a scalable supply chain for green fuels that can serve maritime, industrial, and transport applications for decades to come.”
About HyOrc Corporation
HyOrc Corporation (OTC: ASPZ) develops and commercializes advanced waste to methanol systems, and hydrogen combustion engines for rail, maritime, and distributed power. Backed by a growing patent portfolio and ISO-certified operations, HyOrc’s mission is to decarbonize hard-to-abate sectors without subsidy reliance.
HyOrc has 728.19 million shares issued and outstanding with 26.30 million shares at DTC.
About Start Lda
Start Lda is a Portuguese company focused on the Import, export, trading and wholesale of solid, liquid and gaseous fuels, non-derivatives and derivatives of petroleum. Refining and trading of oils and fats, valorization of non-metallic waste, and bottling of gases.
Contact:
Laura Donohoe
Investor Relations
laura@hyorc.com
www.hyorc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/df786454-8d65-44ca-a75d-e5e8d3ef08ee
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