HyOrc Corporation announced the execution of an exclusive 10-year commercial term sheet with PRIO BIO, S.A. for the offtake of green methanol from HyOrc?s planned pilot production facility in Portugal. The agreement covers up to approximately 2,800 tonnes per year of waste-based green methanol from HyOrc?s initial 8-tonnes-per-day module, targeted for commercial operation by the start of 2027. The Porto project represents the first deployment of HyOrc?s modular waste-to-methanol platform in Europe and is designed to supply certified renewable fuel into tightening maritime and industrial markets.
For the expansion phase, HyOrc has already completed frontend engineering for an 80-tonnes-per-day green methanol production facility, also planned for Portugal. The term sheet outlines the principal commercial framework required for a definitive agreement, and except for customary provisions, it is non-binding and subject to completion of long-form documentation and customary conditions.
