HyOrc and Start Lda Announce Formation of Portuguese JV Company, Accelerating National Green Methanol Platform with Construction Set for 2026
HyOrc (OTCID: HYOR) and Start Lda have executed a 50/50 shareholders agreement to form HyOrc Start Green Fuels, Lda, a joint venture to deploy a national waste-to-green methanol network in Portugal.
The JV mobilized technical teams to ready a 35 TPD RDF gasification unit, targets delivery of the core gasifier to site by end of May 2026, and aims for inaugural green methanol production of 8 tonnes per day by end of 2026. The Porto project is planned as a blueprint for a five-facility national rollout and is described as representing a potential multi-billion-euro investment. The companies reported robust inbound interest from fuel distributors, global shipping lines, and investors seeking offtake or participation in the platform.
HyOrc (OTCID: HYOR) e Start Lda hanno stipulato un accordo tra azionisti 50/50 per formare HyOrc Start Green Fuels, Lda, una joint venture per distribuire una rete nazionale di metanolo verde riciclato da rifiuti in Portogallo.
La JV ha mobilitato team tecnici per preparare una unità di gassificazione RDF da 35 TPD, punta a consegnare il gasificatore principale sul sito entro la fine di maggio 2026, e mira a una produzione inaugurale di metanolo verde di 8 tonnellate al giorno entro la fine del 2026. Il progetto di Porto è pianificato come blueprint per una rollout nazionale a cinque strutture ed è descritto come rappresentante un potenziale investimento multi-miliardi di euro. Le aziende hanno riportato un forte interesse in entrata da parte di distributori di carburante, linee di navigazione globali e investitori interessati all'offtake o alla partecipazione nella piattaforma.
HyOrc (OTCID: HYOR) y Start Lda han ejecutado un acuerdo de accionistas al 50/50 para formar HyOrc Start Green Fuels, Lda, una empresa conjunta para implantar una red nacional de metanol verde a partir de residuos en Portugal.
La JV movilizó equipos técnicos para preparar una unidad de gasificación RDF de 35 TPD, se estima entregar el gasificador principal en el sitio para finales de mayo de 2026, y apunta a una producción inaugural de metanol verde de 8 toneladas por día para finales de 2026. El proyecto de Oporto está planificado como un plano para un despliegue nacional de cinco instalaciones y se describe como un posible inversión de varios miles de millones de euros. Las empresas reportaron un fuerte interés entrante por parte de distribuidores de combustible, líneas de navegación globales e inversores que buscan suministro de compra o participación en la plataforma.
HyOrc (OTCID: HYOR) 와 Start Lda는 HyOrc Start Green Fuels, Lda를 설립하기 위한 50/50 주주계약을 체결했으며, 포르투갈에서 폐기물을 원료로 한 그린 메탄올 네트워크를 전국적으로 배치하기 위한 합작투자입니다.
JV는 35 TPD RDF 가스화 유닛를 준비하기 위해 기술팀을 동원했고, 현장에 주요 가스화기를 2026년 5월 말까지 전달하는 것을 목표로 하며, 2026년 말까지 일일 8톤의 그린 메탄올 생산 시작을 목표로 합니다. 포르투 프로젝트는 다섯 개 시설의 전국 롤아웃의 설계도처럼 계획되어 있으며, 수십억 유로 규모의 잠재적 투자로 설명됩니다. 양사는 연료 유통업체, 글로벌 해운사 및 플랫폼의 매수 또는 참여를 원하는 투자자들로부터 강한 관심을 보고했습니다.
HyOrc (OTCID : HYOR) et Start Lda ont conclu un accord d'actionnaires à parts égales pour former HyOrc Start Green Fuels, Lda, une joint-venture destinée à déployer un réseau national de méthanol vert issu de déchets au Portugal.
La JV a mobilisé des équipes techniques pour préparer une unité de gazéification RDF de 35 TPD, vise à livrer le gazéificateur principal sur le site d'ici fin mai 2026, et vise une production inaugurale de méthanol vert de 8 tonnes par jour d'ici la fin de 2026. Le projet de Porto est envisagé comme un plan directeur pour un déploiement national sur cinq installations et est décrit comme représentant un investissement potentiel de plusieurs milliards d'euros. Les sociétés ont signalé un fort intérêt entrant de la part des distributeurs de carburant, des lignes maritimes mondiales et des investisseurs recherchant un approvisionnement ou une participation sur la plateforme.
HyOrc (OTCID: HYOR) und Start Lda haben eine 50/50-Aktionärsvereinbarung abgeschlossen, um HyOrc Start Green Fuels, Lda zu gründen, ein Joint Venture zur Umsetzung eines nationalen Waste-to-Green-Methanol-Netzwerks in Portugal.
Das JV hat technische Teams mobilisiert, um eine 35 TPD RDF-Vergasungseinheit bereitzustellen, zielt darauf ab, den Hauptvergaserer bis Ende Mai 2026 vor Ort zu liefern, und strebt an, bis Ende 2026 eine initiale Produktion von grünem Methanol von 8 Tonnen pro Tag zu erreichen. Das Porto-Projekt ist als Blaupause für eine landesweite Einführung mit fünf Einrichtungen geplant und wird als potenzielle Investition von mehreren Milliarden Euro beschrieben. Die Unternehmen meldeten starkes Interesse von Kraftstoffhändlern, globalen Reedereien und Investoren, die eine Abnahme oder Beteiligung an der Plattform suchen.
HyOrc (OTCID: HYOR) و Start Lda قد نفذا اتفاقاً للمساهمين بنسبة 50/50 لتكوين HyOrc Start Green Fuels, Lda، مشروعاً مشتركاً لنشر شبكة وطنية من الميثانول الأخضر الناتج من النفايات في البرتغال.
قامت الشركة المشتركة بتعبئة فرق تقنية لإعداد وحدة تشويش RDF بسعة 35 طن/اليوم، وتهدف إلى تسليم المحول الغازي الرئيسي إلى الموقع بحلول نهاية مايو 2026، وتطمح إلى إنتاج أولي من الميثانول الأخضر بمقدار 8 أطنان يومياً بحلول نهاية 2026. من المخطط أن يُستخدم مشروع بورتو كنموذج لتوزيع وطني مؤلف من خمسة مرافق ويُوصف بأنه استثمار محتمل بمليارات اليورو. ذكرت الشركات وجود اهتمام قوي من موزعي الوقود وخطوط الشحن العالمية ومستثمرين يبحثون عن شراء التوريد أو المشاركة في المنصة.
HyOrc (OTCID: HYOR) 与 Start Lda 已签署50/50股东协议，成立 HyOrc Start Green Fuels, Lda，一家合资企业，旨在葡萄牙部署一个全国性的废物转绿色甲醇网络。
合资企业动员技术团队，准备一台 35 吨/日 RDF 气化单元，目标在 2026 年 5 月底前将核心气化炉交付至现场，并计划在 2026 年底实现每日 8 吨的绿色甲醇初产。波尔图项目被规划为五个设施的全国部署蓝本，描述为潜在的数十亿欧元投资。两家公司表示来自燃料分销商、全球航运公司及寻求在平台上采购或参与的投资者的强烈关注。
- 50/50 joint venture established between HyOrc and Start
- Core gasifier targeted for delivery by end-May 2026
- Inaugural plant aiming for 8 tonnes/day green methanol by end-2026
- Planned national rollout of five larger facilities
- Reported inbound offtake interest from distributors and shipping lines
- Project timeline depends on permitting and site development in Porto
- Achievement of first production contingent on gasifier delivery by end-May 2026
Execution of Shareholders Agreement and mobilization of technical teams marks critical milestone for Europe’s emerging circular energy infrastructure
PORTO, Portugal, Oct. 13, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCID: HYOR) and Start Lda (“Start”) today announced the formal execution of the Shareholders Agreement for their 50/50 joint venture company, HyOrc Start Green Fuels, Lda., established to deploy a national network of waste-to-green methanol plants.
This definitive step triggers the full mobilization of the venture, with the HyOrc technology team initiating final preparations on the existing 35 TPD (tons per day) Municipal Waste - Refuse Derived Fuel (RDF) gasification unit, and the local Porto team actively advancing permitting and site development. The companies target the delivery of the core gasifier to the project site by the end of May 2026, putting the inaugural plant on a clear path to first Green Methanol production of 8 tonnes per day by the end of 2026.
“Signing the Shareholders Agreement is the trigger that moves our vision from the boardroom to the ground. Our teams are already mobilized, and the pace of activity is a direct response to the overwhelming market pull we are experiencing,” said Andrea Magalini, HyOrc’s Director for Business Development. “We are not just building a plant; we are building a new energy balance for Europe—one that turns local waste into continental energy security and assists in global decarbonization.”
The JV’s first project in Porto will serve as the blueprint for a planned national rollout of five larger-scale facilities, representing a potential multi-billion-euro investment into the Portuguese economy and creating a new, circular energy source for hard-to-abate sectors like maritime shipping.
“Portugal is demonstrating leadership by embracing innovative solutions to its waste and energy challenges,” said Ricardo Mota, CEO of Start Lda. “This partnership leverages our local execution strength with HyOrc’s world-class technology to create a replicable model that can position Portugal as a net exporter of green fuel. The speed of this deployment reflects our shared commitment.”
The companies reported robust inbound interest from fuel distributors and global shipping lines seeking to secure long-term offtake agreements for green methanol, as well as from strategic and financial investors looking to participate in the green methanol platform’s expansion.
About HyOrc Corporation
HyOrc Corporation (OTCID: HYOR) develops and commercializes advanced waste to methanol systems, and hydrogen engines for rail, maritime, and distributed power. Following its 2024 reverse merger, HyOrc now owns and commercializes technologies that have been developed and refined over the past decade in waste-to-methanol and water plasma gasification systems. Originating from R&D programs dating back to 2014, these technologies include a 3-TPD RDF-to-methanol pilot plant in the UAE (2019), a 25-TPD gasifier in India (2024), and a 1-TPD methanol unit in Tamil Nadu (2025), with HyOrc now advancing a 35-TPD commercial plant in Porto, Portugal.
HyOrc has 737 million shares issued and outstanding with 26.30 million shares at DTC.
About Start Lda
Start Lda is a Portuguese industrial group specializing in fuel distribution, logistics, and sustainable infrastructure development. The company’s main focus is now the green methanol market.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or expressed achievements or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Contact:
Andrea Magalini
Director for Business Development
andrea@hyorc.com
www.hyorc.com
Start Lda Press Office:
comercial@start.com.pt
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/37225808-62f9-4cd0-ab75-2f4231027a9e
FAQ
What did HyOrc (HYOR) and Start announce on October 13, 2025?
When is the core gasifier for the HYOR Porto project scheduled to arrive?
What is the production target for the inaugural HyOrc Start plant (HYOR)?
How many facilities does the HYOR JV plan to build in Portugal?
Does the announcement mention commercial interest for HYOR's green methanol?
