HyOrc, Acetech Ink UK Green Methanol Deal, Projected to Generate $200 Million in Revenues

Rhea-AI Summary

HyOrc Corporation (OTC: ASPZ) has signed a Memorandum of Understanding (MOU) with Acetech Metals Limited to develop a municipal waste-to-green methanol production facility in Scunthorpe, UK. The project will begin with a 35 TPD Municipal Waste: Refuse-Derived Fuel (RDF) gasification plant and methanol synthesis unit, with plans to scale up to 150 TPD.

The facility is expected to produce 12,000 metric tons of methanol annually over a 25-year plant life, with projected revenues of $200 million over the project's lifetime. The collaboration will be structured through a jointly owned UK-based Special Purpose Vehicle (SPV), with Acetech providing RDF supplies and industrial land, while HyOrc contributes proprietary gasification and methanol synthesis equipment.

Positive

• Projected revenue generation of $200 million over the project lifetime
• Significant production capacity of 12,000 metric tons of methanol annually
• Long-term project lifecycle of 25 years
• HyOrc retains ownership and licensing rights to proprietary technology
• Secured feedstock supply and industrial land through long-term agreement

Negative

• Initial small-scale deployment at 35 TPD before scaling to full capacity
• Project execution dependent on successful MOU conversion to definitive agreement

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.”

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

FAQ

What is the expected revenue from HyOrc's (ASPZ) UK green methanol project?

The project is projected to generate $200 million in revenues over its lifetime through the production of green methanol.

What is the production capacity of HyOrc's (ASPZ) new UK facility?

The facility will initially process 35 TPD of waste, scaling up to 150 TPD, producing approximately 12,000 metric tons of methanol annually.

Who are the partners in HyOrc's (ASPZ) UK green methanol project?

HyOrc has partnered with Acetech Metals Limited through a jointly owned UK-based Special Purpose Vehicle (SPV). Acetech will provide RDF supplies and industrial land, while HyOrc contributes proprietary technology.

Where will HyOrc's (ASPZ) new green methanol facility be located?

The waste-to-green methanol production facility will be located in Scunthorpe, United Kingdom.

What is the expected lifespan of HyOrc's (ASPZ) UK methanol project?

The project has a projected plant life of 25 years.