HyOrc Corporation, a company specializing in hydrogen combustion and waste-to-fuel conversion, announced that its name and stock symbol change is effective on the OTC markets. Effective today, its common stock trades under the symbol HYOR.
HYOR’s green methanol projects
This strategic shift coincides with progress in the company’s green methanol projects. company’s green methanol projects. HyOrc has completed the initial engineering of an innovative system that uses hydrogen combustion to convert municipal waste into methanol. The first plants are planned for Scunthorpe (UK) and Porto (Portugal), both of which are currently undergoing permitting and feasibility studies.
[post_relacionado]Each facility could produce up to 80 tons per day of green methanol, offering a scalable solution to the growing demand for low-carbon marine fuels.
In Porto, HyOrc and its local partner Start Lda have identified the EcoParque Empresarial as a possible site for the project.
The expansion strategy includes production sites in the United Kingdom, Germany, Portugal and Spain, with a supply network to support shipping lines committed to the decarbonization goals of the International Maritime Organization (IMO). International Maritime Organization (IMO)(IMO) targets for 2030.
In parallel, HyOrc is advancing its hydrogen locomotive program, with pilot projects under negotiation in India, the European Union and the United Kingdom. The initiative seeks to retrofit existing diesel locomotives with hydrogen-compatible power trains at an estimated cost of $2.5 million per unit. With more than 75,000 diesel locomotives in operation in these regions, the company aims to capture a substantial share of a multi-billion dollar market.
Source and photo: HyOrc