HOUSTON, Aug. 22, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCID: HYOR), a clean energy technology company pioneering hydrogen combustion and waste-to-fuel systems, today announced 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. This milestone comes as HyOrc accelerates progress on its flagship green methanol projects. The Company has completed front-end engineering for a hydrogen combustion–based system designed to ...

Group 1 - HyOrc Corporation has signed a Memorandum of Understanding (MOU) with Start Lda to develop a 25,000 ton per annum green methanol production facility in Porto, with projected lifetime revenues of $390 million [1][2] - This agreement complements a previous MOU with Acetech Metals for a 13,000 ton per annum RDF-to-methanol facility in Scunthorpe, UK, forming a strategy for a European supply network for low-carbon marine fuels [2][5] - The combined annual output from both facilities will exceed 38,000 tons of renewable methanol, with plans for future expansion to meet rising demand from the shipping sector [6] Group 2 - The Porto and Scunthorpe facilities are strategically located near major shipping lanes and logistics hubs, enhancing delivery efficiency to maritime operators and industrial users [6] - Both projects will utilize HyOrc's proprietary RDF gasification and methanol synthesis systems, converting waste-derived feedstocks into high-purity methanol with lower lifecycle emissions [6] - The plants will contribute to regional job creation, energy security, and compliance with EU decarbonization targets by transforming local waste streams into clean fuel [6] Group 3 - HyOrc Corporation focuses on developing advanced waste-to-methanol systems and hydrogen combustion engines for various sectors, aiming to decarbonize hard-to-abate industries without relying on subsidies [7] - The company has a growing patent portfolio and ISO-certified operations, with 728.19 million shares issued and outstanding [7]

Core Insights - HyOrc Corporation has signed a Memorandum of Understanding (MOU) with Acetech Metals Limited to develop a municipal waste to green methanol production facility in Scunthorpe, UK [1][4] Project Overview - The project will deploy a 35 tons per day (TPD) Municipal Waste: Refuse-Derived Fuel (RDF) gasification plant combined with a methanol synthesis unit, with plans to scale up to a 150 TPD integrated facility [2][3] - Once fully operational, the facility is expected to produce approximately 12,000 metric tons of methanol annually over a projected 25-year lifespan [2] Financial and Operational Highlights - The planned scale-up to 150 TPD capacity is expected to support the production of an estimated $200 million of green methanol over the project's lifetime [3] - Acetech will arrange RDF supplies and provide the necessary industrial land under a long-term agreement [3] - HyOrc will deliver proprietary gasification and methanol synthesis equipment, retaining ownership and licensing rights [3] Strategic Importance - This collaboration is a significant milestone in HyOrc's mission to decarbonize hard-to-abate sectors using waste-to-fuel solutions [4] - The project is the first of a series of waste to green methanol projects planned by HyOrc as part of its green fuels portfolio rollout [4] Company Background - HyOrc Corporation develops and commercializes advanced waste to methanol systems and hydrogen combustion engines for various sectors [6] - The company is backed by a growing patent portfolio and ISO-certified operations, aiming to decarbonize sectors without relying on subsidies [6] - Acetech Metals Limited is a UK-based recycling and waste processing company focused on sustainable materials management and clean energy projects [7]

Financial Data and Key Metrics Changes - Total revenues in Q1 2025 were $42.6 million, an increase of $3.8 million or 9.8% compared to $38.8 million in Q1 2024 [13] - Adjusted EBITDA for Q1 2025 was $8.8 million, a decrease of $700,000 or 7.2% compared to $9.5 million for Q1 2024 [24] - EBITDA for Q1 2025 was approximately $6.7 million, a decrease of $2.1 million or 24.1% compared to $8.9 million for Q1 2024 [24] - Net loss for Q1 2025 was $500,000, a decrease of $2.3 million compared to net income of $1.9 million for Q1 2024 [24] Business Line Data and Key Metrics Changes - Renewable Natural Gas (RNG) segment revenues in Q1 2025 were $38.5 million, an increase of $4.5 million or 13.1% compared to $34 million in Q1 2024 [16] - RNG production during Q1 2025 was approximately 1.4 million MMBtu, flat compared to Q1 2024 [15] - Revenues from renewable electricity facilities in Q1 2025 were $4.2 million, a decrease of $600,000 or 13.5% compared to $4.8 million in Q1 2024 [18] Market Data and Key Metrics Changes - Average realized RIN price in Q1 2025 was $2.46, a decrease of 24.3% compared to $3.25 in Q1 2024 [16] - Average commodity pricing for natural gas in Q1 2025 was 62.9% higher than the prior year period [16] Company Strategy and Development Direction - The company is focused on expanding its RNG production capabilities, particularly in North Carolina, with expectations to commence significant production and revenue generation activities in 2026 [7] - The company is negotiating with utilities for Renewable Energy Credits (RECs) from expected 2026 production [8] - The company is also developing a project to convert methane emissions from waste stream biogas into high-value carbon-negative fuel [10] Management's Comments on Operating Environment and Future Outlook - Management noted that regulatory uncertainty continues to impact the renewable natural gas industry, but the company believes its financial position and operational practices will maintain stability [7] - The company reaffirmed its full-year 2025 outlook, expecting RNG production volumes to range between 5.8 million and 6 million MMBtus, with corresponding RNG revenues between $150 million and $170 million [26] Other Important Information - The company reported impairments of $2 million in Q1 2025, an increase of $1.5 million compared to $500,000 in Q1 2024, primarily related to RNG equipment design at the Blue Granite project [20] - Operating and maintenance expenses for the RNG facility in Q1 2025 were $14.1 million, an increase of $1.9 million or 16.1% compared to $12.1 million in Q1 2024 [17] Q&A Session Summary Question: Could you provide more color on the RNG project at American Environmental Landfill? - Management confirmed the construction of an RNG processing facility at the American Environmental Landfill in Tulsa, Oklahoma, driven by increased gas feedstock availability [29] Question: Do you have any more details on why you're having to relocate your Rumpke site? - Management explained that the relocation is due to a contractual requirement associated with gas rights, but it will not disrupt production as the technology will be consolidated into a new facility [31] Question: Did you record any 45z credits in the first quarter? - Management confirmed that no 45z credits were recorded as of yet [33] Question: Are you seeing any slowdown in RNG at any landfills or customers? - Management noted a slowdown in some acquisition opportunities due to regulatory uncertainties, but they remain cautiously optimistic about ongoing development projects [36][37] Question: Can you provide clarity on the North Carolina swine project compared to dairy projects? - Management highlighted that the North Carolina project is unique, with a broader collaboration with the farming community and potential for significant expansion, making it an exciting opportunity [40][42]

Financial Data and Key Metrics Changes - Total revenues in Q1 2025 were $42.6 million, an increase of $3.8 million or 9.8% compared to $38.8 million in Q1 2024 [13] - Adjusted EBITDA for Q1 2025 was $8.8 million, a decrease of $700,000 or 7.2% compared to $9.5 million for Q1 2024 [26] - EBITDA for Q1 2025 was approximately $6.7 million, a decrease of $2.1 million or 24.1% compared to $8.9 million for Q1 2024 [26] - Net loss for Q1 2025 was $500,000, a decrease of $2.3 million compared to net income of $1.9 million for Q1 2024 [26] Business Line Data and Key Metrics Changes - Renewable Natural Gas (RNG) segment revenues in Q1 2025 were $38.5 million, an increase of $4.5 million or 13.1% compared to $34 million in Q1 2024 [16] - RNG production during Q1 2025 was approximately 1.4 million MMBtu, flat compared to Q1 2024 [14] - Revenues from renewable electricity facilities in Q1 2025 were $4.2 million, a decrease of $600,000 or 13.5% compared to $4.8 million in Q1 2024 [20] Market Data and Key Metrics Changes - Average realized RIN price in Q1 2025 was $2.46, a decrease of 24.3% compared to $3.25 in Q1 2024 [16] - Average commodity pricing for natural gas in Q1 2025 was 62.9% higher than the prior year period [16] Company Strategy and Development Direction - The company is focused on expanding its RNG production capabilities, particularly in North Carolina, with expectations to commence significant production and revenue generation activities in 2026 [6][7] - The company is also developing a project to convert methane emissions from waste stream biogas into high-value carbon-negative fuel [9] - The company is prioritizing the Atascocita location for biogenic CO2 projects and is progressing with plans to incorporate food-grade CO2 processing at the Rumke RNG project [9] Management's Comments on Operating Environment and Future Outlook - Management noted that regulatory uncertainty continues to impact the renewable natural gas industry, but the company believes its financial position and operational practices will maintain stability [6] - The company reaffirmed its full-year 2025 outlook, expecting RNG production volumes to range between 5.8 million and 6 million MMBtu, with corresponding revenues between $150 million and $170 million [29] Other Important Information - The company reported impairments of $2 million in Q1 2025, an increase compared to $500,000 in Q1 2024, primarily related to RNG equipment design at the Blue Granite project [22] - Operating and maintenance expenses for the RNG facility in Q1 2025 were $14.1 million, an increase of $1.9 million or 16.1% compared to $12.1 million in Q1 2024 [17] Q&A Session Summary Question: Could you provide more color on the RNG project at American Environmental Landfill? - Management confirmed the construction of an RNG processing facility at the American Environmental Landfill, which will have dual capacity for different production commodities [32] Question: Do you have any more details on why you're having to relocate your Rumpke site? - Management explained that the relocation is due to a contractual requirement associated with gas rights, and there will be no interruptions in production during the transition [34] Question: Did you record any 45z credits in the first quarter? - Management confirmed that no 45z credits were recorded as of yet [35] Question: Are you seeing any slowdown in RNG at any landfills or customers? - Management acknowledged a slowdown in some acquisition opportunities due to regulatory uncertainties but remains cautiously optimistic about ongoing development projects [37] Question: Could you provide clarity on the North Carolina swine project compared to dairy projects? - Management highlighted that the North Carolina swine project is unique and offers significant opportunities for expansion and diversification compared to traditional dairy projects [41]