HyOrc and Start Lda Sign Strategic Joint Venture to Launch National Green Methanol Platform in Portugal
HyOrc (OTCID: HYOR) has formed a strategic 50/50 joint venture with Portuguese company Start Lda to develop a national green methanol production network in Portugal. The partnership will initially launch a 35 TPD facility in Porto, producing 8 TPD of methanol, before expanding to five full-scale sites processing 300 TPD of Municipal Waste each to generate 80 TPD of green methanol.
The project leverages HyOrc's proprietary RDF-to-methanol technology, with HyOrc providing gasifiers, technology, and project leadership, while Start Lda contributes land, permitting, and infrastructure. The full platform is projected to generate over $3.25 billion in total revenues over a 10-year period, establishing one of Europe's largest waste-to-fuel operations.
HyOrc (OTCID: HYOR) ha costituito una joint venture strategica al 50/50 con la società portoghese Start Lda per sviluppare una rete nazionale di produzione di metanolo verde in Portogallo. La partnership lancerà inizialmente un impianto da 35 TPD a Porto, che produrrà 8 TPD di metanolo, per poi espandersi a cinque siti a piena scala in grado di trattare 300 TPD di rifiuti municipali ciascuno per generare 80 TPD di metanolo verde.
Il progetto sfrutta la tecnologia proprietaria RDF-to-methanol di HyOrc, con HyOrc che fornisce gassificatori, tecnologia e leadership del progetto, mentre Start Lda contribuisce con terreno, permessi e infrastrutture. L'intera piattaforma è prevista generare oltre 3,25 miliardi di dollari di ricavi totali nell'arco di 10 anni, stabilendo una delle più grandi operazioni europee di rifiuti-to-fuel.
HyOrc (OTCID: HYOR) ha formado una empresa conjunta estratégica 50/50 con la empresa portuguesa Start Lda para desarrollar una red nacional de producción de metanol verde en Portugal. La asociación lanzará inicialmente una instalación de 35 TPD en Oporto, que producirá 8 TPD de metanol, antes de expandirse a cinco sitios a escala completa que procesarán 300 TPD de residuos municipales cada uno para generar 80 TPD de metanol verde.
El proyecto aprovecha la tecnología propietaria RDF-to-methanol de HyOrc, con HyOrc proporcionando gasificadores, tecnología y liderazgo del proyecto, mientras que Start Lda aporta terreno, permisos e infraestructura. Se espera que toda la plataforma genere más de 3,25 mil millones de dólares en ingresos totales durante un periodo de 10 años, estableciendo una de las mayores operaciones de Europa de residuos a combustible.
HyOrc (OTCID: HYOR)는 포르투갈 기업 Start Lda와 50/50의 전략적 합작투자를 형성해 포르투갈의 국내 그린 메탄올 생산 네트워크를 개발합니다. 파트너십은 우선 포르토에서 35 TPD 설비를 시작해 8 TPD의 메탄올을 생산하고, 이후 다섯 개의 풀스케일 사이트로 확장하여 각 사이트가 300 TPD의 생활폐기물을 처리해 80 TPD의 그린 메탄올을 생성합니다.
이 프로젝트는 HyOrc의 독자적인 RDF-투-메탄올 기술을 활용하며, HyOrc는 가스화로, 기술 및 프로젝트 리더십을 제공하고 Start Lda는 토지, 허가 및 인프라를 제공합니다. 전체 플랫폼은 10년간 총매출 32.5억 달러 이상를 창출할 것으로 예상되어 유럽에서 가장 큰 폐기물-연료 전환 사업 중 하나를 구축합니다.
HyOrc (OTCID : HYOR) a constitué une coentreprise stratégique à parts égales avec la société portugaise Start Lda pour développer un réseau national de production de méthanol vert au Portugal. Le partenariat lancera dans un premier temps une installation de 35 TPD à Porto, produisant 8 TPD de méthanol, avant de s’étendre à cinq sites à l’échelle complète traitant 300 TPD de déchets municipaux chacun pour générer 80 TPD de méthanol vert.
Le projet s’appuie sur la technologie propriétaire RDF-to-methanol de HyOrc, HyOrc fournissant les gazéificateurs, la technologie et la direction du projet, tandis que Start Lda apporte le terrain, les permis et l’infrastructure. L’ensemble de la plateforme devrait générer plus de 3,25 milliards de dollars de revenus totaux sur une période de 10 ans, établissant l’une des plus grandes opérations européennes de déchets vers carburant.
HyOrc (OTCID: HYOR) hat eine strategische 50/50-Joint-Venture mit dem portugiesischen Unternehmen Start Lda gegründet, um ein nationales Netzwerk zur Produktion von grünem Methanol in Portugal zu entwickeln. Die Partnerschaft wird zunächst eine 35 TPD-Anlage in Porto eröffnen, die 8 TPD Methanol produziert, bevor sie auf fünf Vollskalensites erweitert wird, die jeweils 300 TPD kommunale Abfälle zu grünem Methanol verarbeiten und so 80 TPD grünes Methanol erzeugen.
Das Projekt nutzt HyOrcs eigens entwickelte RDF-to-methanol-Technologie; HyOrc stellt Gassifiziers, Technologie und Projektleitung bereit, während Start Lda Grund, Genehmigungen und Infrastruktur beisteuert. Die vollständige Plattform soll in 10 Jahren über 3,25 Milliarden US-Dollar an Gesamterlösen generieren und eine der größten Abfall-zu-Brennstoff-Operationen Europas etablieren.
HyOrc (OTCID: HYOR) أقامت مشروعاً مشتركاً استراتيجياً بنسبة 50/50 مع الشركة البرتغالية Start Lda لتطوير شبكة وطنية لإنتاج الميثانول الأخضر في البرتغال. ستطلق الشراكة مرفقاً ابتدائياً بسعة 35 TPD في بورتو، ينتج 8 TPD من الميثانول، قبل التوسع إلى خمسة مواقع كاملة النطاق تعالج 300 TPD من النفايات البلدية لكل منها لإنتاج 80 TPD من الميثانول الأخضر.
تعتمد المشروع على التقنية الحاصلة على حقوق الملكية RDF-to-methanol من HyOrc، حيث توفر HyOrc الأفران الغازية والتكنولوجيا وقيادة المشروع، بينما تساهم Start Lda بالأرض والتصاريح والبنية التحتية. من المتوقع أن تولد المنصة الكلية أكثر من 3.25 مليار دولار من الإيرادات الإجمالية على مدى عشر سنوات، مما يجعلها واحدة من أكبر عمليات تحويل النفايات إلى وقود في أوروبا.
HyOrc (OTCID: HYOR) 与葡萄牙公司 Start Lda 建立了50/50 的战略性合资企业，致力于在葡萄牙开发一个全国性的绿色甲醇生产网络。该伙伴关系初期将在波尔图推出一个 35 TPD 设施，产出 8 TPD 的甲醇，随后扩展至 五个全规模站点，每个站点处理 300 TPD 的市政垃圾，以生成 80 TPD 的绿色甲醇。
该项目利用 HyOrc 的专有 RDF 转甲醇技术，HyOrc 提供气化炉、技术与项目领导力，而 Start Lda 提供土地、许可与基础设施。预计整个平台在十年内创造 超过 32.5 亿美元的总收入，成为欧洲最大的废物转燃料运营之一。
- Projected revenue of $3.25 billion over 10 years from the full platform
- Strategic 50/50 joint venture structure with clear role delegation
- Scalable platform expanding from initial 35 TPD to five 300 TPD facilities
- HyOrc retains intellectual property rights while gaining market access
- Project addresses both waste management and decarbonization needs
- Significant capital investment required for five large-scale facilities
- Execution risk in scaling from 35 TPD pilot to 300 TPD commercial facilities
- Dependence on Portuguese partner for critical infrastructure and permits
LISBON, Portugal, Sept. 16, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCID: HYOR), a US-listed leader in modular green fuel technologies, has signed a definitive joint venture agreement with Portuguese waste infrastructure and fuels company Start Lda to co-develop and operate a national network of green methanol plants using HyOrc’s proprietary RDF-to-methanol technology.
The JV will deploy an initial 35 Tons Per Day (TPD) launch unit in Porto, producing 8 TPD of methanol, before scaling to five full-scale sites, each processing 300 TPD of Municipal Waste in the form of Refuse-Derived Fuel (RDF) to produce 80 TPD of green methanol. The project supports Europe’s transition away from fossil fuels and aligns with decarbonization goals in shipping and heavy industry.
Projected 10-Year Revenue Exceeds
Over a 10-year period, the full platform of five sites is projected to exceed
Key JV Terms
- 50/50 equity ownership
- HyOrc provides gasifiers, methanol technology, and project leadership
- Start Lda contributes land, permitting, and local infrastructure
- HyOrc retains IP and appoints the JV’s Managing Director
Start Lda CEO, Ricardo Mota, commented: “This agreement will transform how waste is managed in Portugal. Together with HyOrc, we will turn a national RDF liability into a decarbonization asset.” HyOrc CEO, Reginald Fubara, added: “This is not a pilot — it’s a platform. With strong economics, scalable design, and local execution capacity, we are laying the groundwork for Europe’s first circular methanol backbone.”
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.
About Start Lda
Start Lda is a Portuguese infrastructure group specializing in waste processing, logistics, and industrial project development, with a focus on clean fuels, sustainable technologies and regional execution.
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/7da5957a-0e0f-483d-a694-67773153b48e
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