HyOrc aims for green methanol plants across EU to create supply network for shipping
- Published
by Admin
Clean energy technology company HyOrc recently said it aims to initially establish green methanol production hubs across the UK, Germany, Portugal, and Spain, creating a reliable supply network for shipping companies committed to meeting IMO 2030 emissions targets.
The currently planned European rollout of five locations is projected to generate an estimated USD 1.8 billion in revenues over ten years.
The company has completed front-end engineering for a hydrogen combustion–based system designed to convert municipal waste into methanol.
Initial facilities are planned in Scunthorpe, UK and Porto, Portugal, both currently in the permitting and on-site study stage. Each plant is expected to produce up to 80 metric tonnes (mt) of green methanol per day, providing a scalable pathway to meet the fast-growing demand for low-carbon marine fuels.
In Porto, one proposed site for HyOrc and its local partner Start Lda is the EcoParque Empresarial.
“With two methanol projects advancing toward permitting and a growing pipeline in shipping and rail, HyOrc is positioned as a leader in practical, scalable solutions for decarbonisation,” said Andrea Magalini, Director for Business Development at HyOrc.
The company made the statement following its announcement that its name and trading symbol change is now effective on the OTC markets. The company’s common stock now trades under the ticker HYOR.
Photo credit: HyOrc
Published: 27 August, 2025
