HyOrc Corporation Announces Effective Market Name/Symbol Change; Advances Green Methanol Projects and Hydrogen Locomotive Program
HyOrc Corporation (OTC:HYOR), formerly trading under a different symbol, announced its effective name and symbol change alongside significant progress in its clean energy initiatives. The company is developing green methanol production facilities in Scunthorpe, UK and Porto, Portugal, with each plant capable of producing 80 tons of green methanol daily.
HyOrc plans to establish methanol production hubs across Europe, projecting $1.8 billion in revenues over ten years from five locations. Additionally, the company is advancing its hydrogen locomotive program, offering retrofits at $2.5 million per unit, targeting a market of over 75,000 diesel locomotives across India, the EU, and the UK.
HyOrc Corporation (OTC:HYOR), precedentemente quotata con un altro simbolo, ha annunciato il cambio effettivo di nome e ticker insieme a importanti progressi nei suoi progetti di energia pulita. L'azienda sta sviluppando impianti per la produzione di metanolo verde a Scunthorpe, Regno Unito, e a Porto, Portogallo, ciascuno con una capacità di 80 tonnellate di metanolo verde al giorno.
HyOrc intende creare hub produttivi di metanolo in tutta Europa, stimando 1,8 miliardi di dollari di ricavi in dieci anni da cinque siti. Inoltre, la società sta portando avanti il suo programma per locomotive a idrogeno, offrendo retrofit a 2,5 milioni di dollari per unità, con un mercato potenziale di oltre 75.000 locomotive diesel in India, UE e Regno Unito.
HyOrc Corporation (OTC:HYOR), anteriormente cotizada bajo otro símbolo, anunció el cambio efectivo de nombre y ticker junto con avances significativos en sus iniciativas de energía limpia. La compañía está desarrollando plantas de producción de metanol verde en Scunthorpe, Reino Unido, y en Oporto, Portugal, cada una con capacidad para producir 80 toneladas de metanol verde al día.
HyOrc planea establecer centros de producción de metanol en toda Europa, proyectando 1.800 millones de dólares en ingresos durante diez años a partir de cinco ubicaciones. Además, la empresa está impulsando su programa de locomotoras de hidrógeno, ofreciendo reconversiones a 2,5 millones de dólares por unidad, con un mercado objetivo de más de 75.000 locomotoras diésel en India, la UE y el Reino Unido.
HyOrc Corporation (OTC:HYOR)는 이전에 다른 심볼로 거래되었으며, 명칭과 심볼의 공식 변경을 발표하고 청정 에너지 사업에서 상당한 진전을 이뤘습니다. 회사는 영국 스컨소프와 포르투갈 포르투에 그린 메탄올 생산 시설을 개발 중이며, 각 공장은 일일 80톤의 그린 메탄올을 생산할 수 있습니다.
HyOrc는 유럽 전역에 메탄올 생산 허브를 구축할 계획이며, 다섯 곳에서 향후 10년간 18억 달러의 매출을 예상합니다. 또한 회사는 디젤 기관차를 대상으로 한 수소 기관차 전환 프로그램을 추진 중이며, 유닛당 250만 달러의 개조 비용을 제시하고 인도, EU 및 영국의 75,000대 이상의 디젤 기관차를 시장으로 삼고 있습니다.
HyOrc Corporation (OTC:HYOR), auparavant cotée sous un autre symbole, a annoncé le changement effectif de nom et de ticker ainsi que des progrès significatifs dans ses initiatives d'énergie propre. La société développe des unités de production de méthanol vert à Scunthorpe (Royaume-Uni) et à Porto (Portugal), chaque usine étant capable de produire 80 tonnes de méthanol vert par jour.
HyOrc prévoit de créer des hubs de production de méthanol à travers l'Europe, prévoyant 1,8 milliard de dollars de revenus sur dix ans provenant de cinq sites. Par ailleurs, la société fait progresser son programme de locomotives à hydrogène, proposant des conversions à 2,5 millions de dollars par unité, visant un marché de plus de 75 000 locomotives diesel en Inde, dans l'UE et au Royaume-Uni.
HyOrc Corporation (OTC:HYOR), zuvor unter einem anderen Kürzel gehandelt, hat die wirksame Namens- und Symboländerung bekanntgegeben und zugleich bedeutende Fortschritte bei seinen Projekten für saubere Energie erzielt. Das Unternehmen baut Grünmethanol-Produktionsanlagen in Scunthorpe, Großbritannien, und Porto, Portugal, wobei jede Anlage 80 Tonnen Grünmethanol pro Tag produzieren kann.
HyOrc plant, Methanolproduktionszentren in Europa aufzubauen und rechnet mit 1,8 Milliarden US-Dollar Umsatz über zehn Jahre aus fünf Standorten. Außerdem treibt das Unternehmen sein Wasserstoff-Lokomotivprogramm voran und bietet Nachrüstungen für 2,5 Millionen US-Dollar pro Einheit an, mit einem Zielmarkt von über 75.000 Diesellokomotiven in Indien, der EU und dem Vereinigten Königreich.
- None.
- Still in permitting and study phase for methanol facilities
- Locomotive projects still in negotiation phase, no firm contracts announced
HOUSTON, Aug. 22, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCID: HYOR), a clean energy technology company pioneering hydrogen combustion and waste-to-fuel systems, today announced that its name and trading symbol change is now effective on the OTC markets. The Company’s common stock now trades under the ticker HYOR.
This milestone comes as HyOrc accelerates progress on its flagship green methanol projects. The Company has completed front-end engineering for a hydrogen combustion–based system designed to convert municipal waste into methanol. Initial facilities are planned in Scunthorpe, UK and Porto, Portugal, both currently in the permitting and on-site study stage. Each plant is expected to produce up to 80 tons of green methanol per day, providing a scalable pathway to meet the fast-growing demand for low-carbon marine fuels. In Porto, one proposed site for HyOrc and its local partner Start Lda is the EcoParque Empresarial, shown below:
HyOrc’s strategy is to initially establish methanol production hubs across UK, Germany, Portugal, and Spain, creating a reliable supply network for shipping companies committed to meeting IMO 2030 emissions targets. The currently planned European rollout of five locations is projected to generate an estimated
In parallel, the Company is advancing its hydrogen locomotive program, with pilot projects under negotiation in India, the EU, and the UK. The program applies HyOrc’s patented hydrogen-capable powertrain technology to deliver efficient, zero-emission retrofits of existing diesel locomotives. With retrofit costs of approximately
“The transition to trading as HYOR marks more than just a name change—it reflects the momentum of our business and the expanding opportunities in green fuels and hydrogen mobility,” said Andrea Magalini, Director for Business Development at HyOrc. “With two methanol projects advancing toward permitting and a growing pipeline in shipping and rail, HyOrc is positioned as a leader in practical, scalable solutions for decarbonization.”
About HyOrc Corporation
HyOrc Corporation (OTCID: HYOR) develops and commercializes advanced waste to methanol systems, and hydrogen 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 737 million shares issued and outstanding with 26.30 million shares at DTC.
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/9bfaae22-f97e-4c9e-8ecf-649db63bd8a7
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