HyOrc and Start Lda Announce Formation of Portuguese JV Company, Accelerating National Green Methanol Platform with Construction Set for 2026
PORTO, Portugal, Oct. 13, 2025 (GLOBE NEWSWIRE) — HyOrc Corporation (OTCID: HYOR) and Start Lda (“Start”) today announced the formal execution of the Shareholders Agreement for their 50/50 joint venture company, HyOrc Start Green Fuels, Lda., established to deploy a national network of waste-to-green methanol plants.
This definitive step triggers the full mobilization of the venture, with the HyOrc technology team initiating final preparations on the existing 35 TPD (tons per day) Municipal Waste – Refuse Derived Fuel (RDF) gasification unit, and the local Porto team actively advancing permitting and site development. The companies target the delivery of the core gasifier to the project site by the end of May 2026, putting the inaugural plant on a clear path to first Green Methanol production of 8 tonnes per day by the end of 2026.
Andrea Magalini, HyOrc’s Director for Business Development, said:
Signing the Shareholders Agreement is the trigger that moves our vision from the boardroom to the ground. Our teams are already mobilized, and the pace of activity is a direct response to the overwhelming market pull we are experiencing,
“We are not just building a plant; we are building a new energy balance for Europe—one that turns local waste into continental energy security and assists in global decarbonization.”
The JV’s first project in Porto will serve as the blueprint for a planned national rollout of five larger-scale facilities, representing a potential multi-billion-euro investment into the Portuguese economy and creating a new, circular energy source for hard-to-abate sectors like maritime shipping.
Ricardo Mota, CEO of Start Lda, said:
Portugal is demonstrating leadership by embracing innovative solutions to its waste and energy challenges,
“This partnership leverages our local execution strength with HyOrc’s world-class technology to create a replicable model that can position Portugal as a net exporter of green fuel. The speed of this deployment reflects our shared commitment.”
The companies reported robust inbound interest from fuel distributors and global shipping lines seeking to secure long-term offtake agreements for green methanol, as well as from strategic and financial investors looking to participate in the green methanol platform’s expansion.
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HyOrc and Start Lda Announce Formation of Portuguese JV Company, Accelerating National Green Methanol Platform with Construction Set for 2026, source
