Wedoany.com Report-Aug. 26, HyOrc Corporation, a Texas-based developer of hydrogen combustion and waste-to-fuel technologies, has announced a name and trading symbol change, now effective on the OTC markets. The company’s common stock trades under the ticker HYOR, reflecting its focus on sustainable energy solutions.

HyOrc has completed front-end engineering for a hydrogen combustion system that converts municipal waste into green methanol. The company plans to establish initial production facilities in Scunthorpe, UK, and Porto, Portugal, both in the permitting and on-site study phase. In Porto, HyOrc and its local partner, Start Lda, are considering the EcoParque Empresarial as a potential site. Each facility is designed to produce up to 80 tons of green methanol daily, addressing the rising demand for low-carbon marine fuels.

The company aims to create methanol production hubs in the UK, Germany, Portugal, and Spain to supply shipping companies aligning with IMO 2030 emissions goals. HyOrc projects that its planned network of five European sites will generate approximately $1.8 billion in revenue over a decade. This strategic expansion strengthens the supply chain for sustainable fuels in the maritime sector.

In addition to its methanol initiatives, HyOrc is advancing its hydrogen locomotive program, with pilot projects under discussion in India, the EU, and the UK. The program utilizes HyOrc’s hydrogen-capable powertrain technology to retrofit existing diesel locomotives, offering a zero-emission alternative. With retrofit costs of about $2.5 million per unit and over 75,000 diesel locomotives in operation across these regions, HyOrc sees significant market potential.

Andrea Magalini, Director for Business Development at HyOrc, stated: “The transition to trading as HYOR marks more than just a name change—it reflects the momentum of our business and the expanding opportunities in green fuels and hydrogen mobility.” Magalini noted that two methanol projects are progressing toward permitting, with a growing pipeline in shipping and rail sectors.

HyOrc’s efforts reflect its commitment to sustainable energy solutions, leveraging innovative technologies to meet global demand for low-carbon fuels and transportation. The company’s focus on green methanol and hydrogen-powered locomotives positions it to contribute significantly to environmental goals while fostering economic growth in key markets.