HyOrc and Start Lda Sign Strategic Joint Venture to Launch National Green Methanol Platform in Portugal

September 16, 2025 at 07:41 AM EDT

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 $3 Billion
Over a 10-year period, the full platform of five sites is projected to exceed $3.25 billion in total revenues, creating one of Europe’s most robust and vertically integrated waste-to-fuel portfolios.

HyOrc Truck delivery

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