HyOrc, Expands European Green Methanol Strategy with New Porto Deal

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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 $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.

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

FAQ

What is the production capacity of HyOrc's new Porto methanol facility?

The Porto facility will have a production capacity of 25,000 tons per annum of green methanol.

How much revenue is ASPZ's Porto facility expected to generate?

The Porto facility is projected to generate $390 million in lifetime revenues, based on conservative estimates.

What is HyOrc's total methanol production capacity in Europe?

With facilities in Porto and Scunthorpe, HyOrc's combined annual production capacity will be 38,000 tons of renewable methanol.

Where are HyOrc's European methanol facilities located?

HyOrc is developing facilities in Porto, Portugal and Scunthorpe, UK, strategically positioned near major shipping lanes.

What technology does HyOrc use for methanol production?

HyOrc uses its proprietary RDF gasification and methanol synthesis systems to convert waste-derived feedstocks into high-purity methanol.