HyOrc Signs Binding Agreement for European Waste-to-Methanol Project

Rhea-AI Summary

HyOrc (OTCQB: HYOR) signed a binding project development and technology agreement with Bulgaria-based OnEnergy Group to develop a waste-to-methanol facility, with HyOrc appointed technology partner for Stage 3.

The facility is designed to process ~50,000 tonnes of refuse-derived fuel per year (≈150–155 tonnes/day over ~330 days) and target methanol output of ≈38–42 tonnes/day, subject to final engineering. HyOrc will prepare technical components and pursue established European industrial pathways, including the EU Innovation Fund.

Positive

• Signed binding agreement with OnEnergy for project development
• Project capacity: 50,000 tonnes RDF per year
• Target methanol production: 38–42 tonnes per day
• HyOrc to lead technical preparation for EU Innovation Fund pathways

Negative

• Methanol output and throughput subject to final engineering
• No financing or capital commitment terms disclosed
• No project timeline or commercial start date provided

HOUSTON, March 24, 2026 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCQB: HYOR), a developer of advanced waste-to-fuels and external combustion technologies, today announced that it has entered into a binding project development and technology agreement with Bulgaria-based OnEnergy Group for the development of a waste-to-methanol facility.

Under the agreement, HyOrc has been appointed as the technology partner for Stage 3 of the project, focused on the thermochemical conversion of Refuse-Derived Fuel (RDF) into green methanol. The project is designed to process approximately 50,000 tonnes of RDF per annum, operating over ~330 days, with a daily throughput of approximately 150–155 tonnes, supporting an expected methanol production capacity of approximately 38–42 tonnes per day, subject to final engineering configuration. The facility forms part of a broader integrated waste-to-energy platform aligned with European Union priorities for decarbonisation, circular economy, and landfill diversion.

As part of the collaboration, HyOrc will lead the preparation of the technical components supporting the project’s progression through established European industrial development pathways, including the EU Innovation Fund. The agreement relates to an advanced-stage waste-to-energy development platform in Bulgaria.

Arch Pavleta Pelovska, CEO of OnEnergy, commented: 
“This project marks a key step for waste-to-energy in Bulgaria. Our goal is to build a strong and scalable foundation aligned with Europe’s decarbonisation goals.”

Reginald Fubara, CEO of HyOrc, commented:
“This project combines strong fundamentals with a clear pathway to execution, and we look forward to delivering a robust and scalable solution together with OnEnergy.”

About HyOrc Corporation
HyOrc Corporation (OTCQB: HYOR) develops and commercializes patented hydrogen-capable combustion and waste-to-fuel systems for the shipping, rail, and off-grid power sectors.

Website: www.hyorc.com Press Contact: comms@hyorc.com

Forward-Looking Statements
This release contains forward-looking statements under Sections 27A and 21E of the Securities Acts of 1933 and 1934. These statements involve risks and uncertainties that may cause actual results to differ materially. Factors are described in Company filings with the SEC. The Company undertakes no obligation to update such statements.

FAQ

What did HyOrc (HYOR) announce on March 24, 2026 about the Bulgaria project?

HyOrc signed a binding technology and project development agreement with OnEnergy Group. According to the company, HyOrc is the Stage 3 technology partner for a waste-to-methanol facility processing ~50,000 tonnes RDF annually and targeting 38–42 tonnes methanol per day.

How much refuse-derived fuel will the HYOR-OnEnergy plant process annually?

The facility is designed to process approximately 50,000 tonnes of RDF per year. According to the company, that equals roughly 150–155 tonnes per day over about 330 operating days, pending final engineering confirmation.

What methanol production capacity does HyOrc expect from the Bulgaria facility?

Target methanol production is approximately 38–42 tonnes per day. According to the company, that daily range is an estimate subject to the final engineering configuration and detailed design work.

What role will HyOrc (HYOR) play in securing EU support for the project?

HyOrc will lead preparation of technical components supporting project progression through European pathways. According to the company, this includes preparing materials for established programs such as the EU Innovation Fund.

Are there funding or timeline details for the HYOR-OnEnergy waste-to-methanol project?

No financing amounts or commercial start dates were disclosed in the announcement. According to the company, project advancement will follow engineering and established European development pathways, implying further steps before final commitments.