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HyOrc and Start Lda Announce Formation of Portuguese JV Company, Accelerating National Green Methanol Platform with Construction Set for 2026
Globenewswireยท 2025-10-13 10:36
Core Insights - The execution of the Shareholders Agreement between HyOrc Corporation and Start Lda marks a significant milestone for the establishment of a joint venture, HyOrc Start Green Fuels, Lda., aimed at creating a national network of waste-to-green methanol plants in Portugal [1][2][4] Company Developments - The joint venture will mobilize technical teams to prepare a 35 TPD Municipal Waste - Refuse Derived Fuel (RDF) gasification unit, with plans to deliver the core gasifier by May 2026 and achieve first Green Methanol production of 8 tonnes per day by the end of 2026 [2][4] - The first project in Porto is expected to serve as a model for a national rollout of five larger-scale facilities, representing a potential multi-billion-euro investment in the Portuguese economy [4][5] Market Positioning - The partnership aims to position Portugal as a net exporter of green fuel, leveraging local execution strengths and advanced technology to address waste and energy challenges [5][8] - There is strong interest from fuel distributors and global shipping lines for long-term offtake agreements for green methanol, indicating robust market demand [5] Technological Background - HyOrc Corporation specializes in advanced waste-to-methanol systems and has developed technologies over the past decade, including a 3-TPD RDF-to-methanol pilot plant in the UAE and a 25-TPD gasifier in India [6]