HyOrc Advances OTCQB Uplisting and Green Methanol Production in Portugal
HyOrc Corporation has completed its application for uplisting to the OTCQB market while advancing its first industrial-scale green methanol facility in Portugal, which aims to produce eight tonnes of green methanol daily. The company is negotiating a ten-year offtake agreement for the Porto facility and has attracted interest from a major global energy trading group for future expansion, potentially increasing supply to 25,000 tonnes per year. These developments align with HyOrc's strategy to focus on project financing and infrastructure execution, driven by rising demand for green methanol under FuelEU Maritime regulations.
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HyOrc Corporation completed its application for uplisting to the OTCQB market and is advancing its first industrial-scale green methanol facility in Portugal. The company is in negotiations for a ten-year offtake agreement for its Porto facility, which will produce eight tonnes of green methanol daily.
Additionally, a major global energy trading group has expressed interest in future expansion, with potential supply volumes of 25,000 tonnes per year. The developments support HyOrc's shift to an execution-oriented infrastructure company, with a focus on project financing.
Demand for green methanol is driven by FuelEU Maritime regulations. HyOrc is also advancing its rail decarbonisation strategy with retrofitted locomotives.
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