Slojab
2 weeks ago
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TSPCrew
2 weeks ago
HyOrc, Expands European Green Methanol Strategy with New Porto Deal
HyOrc Corporation
Tue, July 8, 2025 at 10:04 AM EDT 2 min read
In This Article:
ASPZ
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HyOrc Corporation
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 $390m from the facility.
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.
TSPCrew
3 weeks ago
HyOrc, Acetech Ink UK Green Methanol Deal, Projected to Generate $200 Million in Revenues
06/30/2025 - 09:09 AM
HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: ASPZ), a leading developer of hydrogen combustion and waste-to-fuel technologies, today announced it has signed a Memorandum of Understanding (MOU) with Acetech Metals Limited to develop a municipal waste to green methanol production facility in Scunthorpe, United Kingdom.
Under the MOU, the parties have committed to deploy a 35 TPD (tons per day) Municipal Waste: Refuse-Derived Fuel (RDF) gasification plant combined with a methanol synthesis unit, with plans to scale up to a 150 TPD integrated facility converting RDF into syngas and subsequently into green methanol and clean electricity. Once fully operational, the project is expected to produce approximately 12,000 metric tons of methanol annually over a projected 25-year plant life.
Project Highlights: - Phase 1: Installation of a 35 TPD RDF gasification system and methanol synthesis unit, with on-site HyOrc engines generating electricity from syngas for facility operations. - Planned Scale-Up: Expansion to 150 TPD capacity, supporting the production of an estimated $200 million of green methanol over the project’s lifetime. - Feedstock Supply: Acetech will arrange RDF supplies and provide the necessary industrial land under a long-term agreement. - Technology Contribution: HyOrc will deliver proprietary gasification and methanol synthesis equipment, retaining ownership and licensing rights. - SPV Structure: The project will be executed through a jointly owned UK-based Special Purpose Vehicle (SPV).
“This collaboration with Acetech marks a major milestone in HyOrc’s mission to decarbonize hard-to-abate sectors using proven waste-to-fuel solutions,” said K. Reginald Fubara, CEO of HyOrc. “The project is the first of a series of waste to green methanol projects planned by HyOrc, as part of the rollout of our green fuels portfolio.”
HyOrc Waste Gasifier
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 Acetech Metals Limited
Acetech Metals is a UK-based recycling and waste processing company committed to sustainable materials management and innovative clean energy projects.
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/b03a86d3-0536-46ad-a036-31c81ec4e54a