HyOrc and Start Lda form JV to launch national green methanol platform in Portugal
HyOrc Corp., a U.S.-listed leader in modular green fuel technologies, has signed a definitive joint venture (JV) 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-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-yr revenue exceeds $3 B. Over a 10-yr period, the full platform of five sites is projected to exceed $3.25 B in total revenues, creating one of Europe’s most robust and vertically integrated waste-to-fuel portfolios.
Key JV terms include:
- 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.”
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