HyOrc advances OTCQB uplisting, secures green methanol offtake talks, and progresses Portugal project amid rising maritime decarbonisation demand.
HyOrc Corporation, a clean-energy infrastructure developer specializing in green methanol production and rail-sector decarbonisation solutions, has announced a significant corporate and operational milestone with the completion and submission of all required documentation for its proposed uplisting to the OTCQB market. This step reflects the company’s broader effort to enhance transparency, visibility, and access to a wider pool of investors as it moves closer to commercial execution of its flagship projects.
Alongside this capital markets progress, HyOrc confirmed continued momentum on its first industrial-scale green methanol facility in Portugal. The project, located in the Porto region, is being developed at a time when demand for compliant low-carbon marine fuels is rising sharply due to tightening European maritime regulations. The company emphasized that regulatory drivers are accelerating purchasing decisions by shipping operators, many of whom are seeking long-term supply commitments well ahead of large-scale fuel availability.
HyOrc disclosed that it is currently in advanced negotiations with a European renewable fuels counterparty regarding a long-term offtake agreement with a proposed duration of approximately ten years. This structure is intended to absorb initial output from the Porto-area facility and provide revenue certainty from the outset of operations. The project’s first phase is expected to utilize a modular production unit capable of generating around eight tonnes of green methanol per day. Importantly, the facility has been designed with built-in scalability, allowing capacity to be expanded in subsequent phases without fundamental redesign.
In parallel with these discussions, HyOrc has received a non-binding letter of intent from a major global energy trading group. This potential partner has expressed interest in participating in future expansion stages of the company’s green methanol platform. The indicative terms outlined in the LOI reference possible long-term supply volumes of up to 25,000 tonnes per year over a ten-year period, subject to the negotiation and execution of definitive commercial agreements. While non-binding, the LOI signals external market interest in HyOrc’s production model and long-term growth strategy.
Collectively, these developments illustrate HyOrc’s evolution from a planning and development-focused enterprise toward an execution-oriented infrastructure company. Management highlighted that projects are being structured to support asset-level, non recourse project financing, rather than relying primarily on corporate balance sheet funding. This approach is intended to reduce financial risk while enabling scalable growth across multiple sites.
The strengthening demand outlook for green methanol is closely linked to the enforcement of FuelEU Maritime rules, which are already in effect. These regulations are encouraging ship owners and operators to lock in compliant fuel supplies early, creating favorable conditions for early movers capable of delivering certified low-carbon fuels.
Beyond marine fuels, HyOrc continues to advance its rail decarbonisation strategy. This initiative focuses on retrofitting existing diesel-electric locomotives with alternative-fuel power systems rather than replacing entire fleets. Following factory testing witnessed by Bureau Veritas, the company confirmed that two 500-kilowatt HyOrc turbines—providing a combined output of one megawatt—have now been shipped to a customer site. This shipment marks a transition from controlled factory validation to real-world field deployment.
Looking ahead, HyOrc stated that its immediate priorities include converting existing commercial frameworks into binding contracts and moving projects from testing and pilot stages into on-site delivery and operation. Management underscored that these steps are essential to establishing predictable revenues and demonstrating the scalability of its green methanol and rail decarbonisation platforms.
