What HyOrc Corporation does

HyOrc Corporation is a Houston-based clean energy technology company that was formally established in 2024 through a reverse merger and now trades on OTCQB under the ticker HYOR. The company commercializes a proprietary external combustion platform developed over more than a decade, comprising Organic Ranking Cycle (ORC) turbine technology (since 2009), Water Plasma Gasification Technology (since 2014), and a patented hydrogen external combustion engine (since 2019). It operates three interconnected business lines: green methanol production from Refuse-Derived Fuel (RDF), multi-fuel gas gensets for stationary power under a Pay-As-You-Go model, and hydrogen-capable locomotive retrofits under the Project Phoenix program. The core technology gasifies RDF at 850-1,100°C to produce syngas, which is catalytically converted to methanol at up to 99.8% purity, achieving Bureau Veritas-validated process certification and targeting a Levelized Cost of Methanol of €350 per tonne through a dual-economics model that monetizes waste diversion alongside fuel sales.

The company serves three primary hard-to-abate sectors: shipping (green methanol offtake for IMO 2030 compliance), rail (diesel-to-hydrogen locomotive retrofits), and stationary power (data centers, off-grid industrial, and island electrification). Revenue mechanics include long-term offtake agreements for methanol, equipment sales for gasification and locomotive retrofit units, and usage-based PAYG contracts for power systems, supplemented by a long-term licensing roadmap. Customers and partners disclosed include Assam Government Municipality (3-TPD gasifier, May 2026), PRIO BIO, S.A. (10-year exclusive offtake of up to 2,800 tonnes/year from Porto), GB Railfreight (Project Phoenix), MO.RE.DA. Oils (50/50 JV partner for the €3.2bn Portugal project), OnEnergy Group (Bulgaria binding agreement), and Stonegate Capital Partners (investor relations and Nasdaq uplisting advisor).

HyOrc is led by CEO and founder Reginald Fubara (25+ years cleantech), Chairman James McNaught-Davis (Wharton MBA, 40 years in PE including Advent, Warburg Pincus, Schroders), President Andrea Magalini (ex-Mitsubishi, United Technologies, McKinsey), and directors with backgrounds at Ford-Mazda hydrogen programs, Shell, and Goodyear. Operational footprint spans the United States, India (Coimbatore, Tamil Nadu, Guwahati), Portugal (Porto), Bulgaria (Varna), the UK, Kenya, and the UAE. The company is pre-revenue from its core methanol and locomotive lines, with first commercial-scale revenue targeted for early 2027 from the Porto facility.

Name

HyOrc Corporation

Legal name

HyOrc Corporation

Website

https://hyorc.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

HyOrc Corporation is a Houston-based clean energy company that uses proprietary external combustion and gasification technology to convert waste into green methanol, multi-fuel power systems, and locomotive retrofits, serving shipping, rail, and off-grid power markets.

Ownership category

akta.pro rank

Product category

Clean Energy Equipment and Systems

NAICS

Petroleum Refineries (32411), Petroleum and Coal Products Manufacturing (3241), Petroleum and Coal Products Manufacturing (324)

SIC

Engines & Turbines (3510), Petroleum Refining (2911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Refuse-Derived Fuel (RDF) Production & Combustion (C&D/MSW-derived) (EUAAAKAB)

akta.pro secondary industries

CO₂‑Derived Synthetic Fuels for Aviation & Marine (SAF e‑fuels, e‑ammonia/e‑methanol bunkering pathways) (EUABAIAH), Alternative Low-Carbon Marine Fuels Bunkering (Methanol, Biofuels, Ammonia, Hydrogen) (TLAHAKAC), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)

Keywords

• Waste-to-methanol systems
• Green methanol production
• Hydrogen combustion engines
• Locomotive retrofit solutions
• Multi-fuel power generation

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Green Methanol Production & Sales: HyOrc produces and sells green methanol converted from municipal waste (RDF). Revenue generated through offtake agreements with maritime fuel buyers. The company targets the shipping industry's compliance with IMO 2030 decarbonization mandates. Each 400 TPD methanol platform can offset >350,000 t CO2 per year. Production cost targets €350 per tonne through dual-economics model where waste diversion revenue offsets production costs.
2. PAYG Power Solutions: Pay-As-You-Go model for stationary power systems where HyOrc retains ownership of generation assets and supplies electricity on a usage-based payment plan. Targets data centers, off-grid industrial operations, emergency power, and island electrification. Multi-fuel flexibility with hydrogen-capable engines.
3. Locomotive Retrofit Services: Retrofit existing diesel locomotives with hydrogen-capable propulsion systems. Revenue from equipment sales and installation. CapEx approximately £1.29m per Class 66 locomotive retrofit with projected revenue of £538k/year.
4. Technology Licensing: Long-term strategy includes licensing proprietary technologies globally, including waste-to-methanol systems, hydrogen combustion engines, and ORC turbine technology.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

HyOrc Corporation develops and commercializes a proprietary external-combustion technology platform that converts Refuse-Derived Fuel (RDF) into green methanol for marine fuel, produces multi-fuel stationary power systems (gas gensets) delivered under a Pay-As-You-Go model, and retrofits diesel locomotives with hydrogen-capable propulsion. The company's modular systems are deployed near European ports, data centers, and rail networks to decarbonize hard-to-abate sectors at diesel-level economics.

Product overview

HyOrc Corporation offers a portfolio of three interconnected clean energy solutions built on its proprietary external-combustion technology platform: Green Methanol Production (waste-to-methanol systems converting municipal RDF into green shipping fuel), Gas Gensets with PAYG model (multi-fuel power generation for data centers and off-grid applications), and Locomotive Retrofit under Project Phoenix (hydrogen-capable diesel engine retrofits for rail decarbonization). The company's modular, scalable approach enables deployment across shipping, rail, and stationary power markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Methanol Production Systems Modular waste-to-methanol production systems that convert Refuse-Derived Fuel (RDF) into green methanol through high-efficiency external-combustion gasification and catalytic synthesis. Targets shipping companies and fuel buyers needing IMO 2030 compliance.
• Gas Gensets (Multi-Fuel PAYG Power Systems) Containerized multi-fuel power generation systems operating on hydrogen, methanol, natural gas, LPG, syngas, or mixed fuels. Delivered under PAYG model targeting data centers, off-grid industrial operations, emergency power, and island electrification.
• Locomotive Retrofit (Project Phoenix) Hydrogen-capable external-combustion powertrain retrofit solution for diesel locomotives, initially operating on LPG/Natural Gas before transitioning to 100% hydrogen. Uses ORC turbine coupling for high efficiency and zero-emission operation.

Quantifiable outcome

• 90% reduction in lifecycle CO2 emissions compared to conventional marine fuels
• +7 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Bureau VeritascoreTechnology or Integration · 1 April 2026Third-party technology validation of RDF-to-methanol pilot synthesis unit. Successfully validated full process chain from RDF preparation through methanol synthesis and condensation, achieving 'Satisfactory' result with zero non-conformance reports. Formal certification expected upon completion of final documentation.
• OnEnergy GroupcoreStrategic or Co-development Partner · 1 March 2026Binding agreement signed with Bulgaria-based OnEnergy Group to develop waste-to-methanol facility processing approximately 50,000 tonnes of RDF annually to produce 38-42 tonnes of methanol per day. Part of €50M grant pipeline.
• PRIO BIO, S.A.coreChannel Partner/ Reseller/ Distributor · 1 March 2026Exclusive 10-year commercial term sheet for offtake of up to 2,800 tonnes per year of waste-based green methanol from planned pilot production facility in Porto, Portugal. Commercial operation targeted for early 2027. Establishes principal commercial framework for definitive agreement.
• GB RailfreightcoreStrategic or Co-development Partner · 1 February 2026Project Phoenix partnership to retrofit diesel locomotive fleet with zero-emission-ready propulsion technology. Scale HyOrc's validated 1MW factory system to 3MW for UK operations, initially using Natural Gas/LPG before transitioning to hydrogen. Exploring funding through Connected Places Catapult Accelerator.
• MO.RE.DA. Oils, Lda.flagshipStrategic or Co-development Partner · 1 November 2024Joint venture partner for Portugal waste-to-methanol project. HyOrc holds 50% stake in the venture. MO.RE.DA. provides the Portuguese industrial site and replaced Start Lda as partner in April 2026. Project aims to establish 400 TPD of green methanol capacity across Portugal.

Scale indicators13 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Enerkem: Canadian waste-to-methanol and ethanol producer using gasification of residual waste; most direct comparable to HyOrc's RDF-to-methanol platform with similar feedstock and end-product.
• Carbon Recycling International: Iceland-based producer of renewable methanol from CO2 and hydrogen; competes with HyOrc in the green methanol/bunker fuel market targeting the same maritime customer base.

Emerging players

• HIF Global: Developer of e-fuels (e-methanol, e-gasoline, SAF) using green hydrogen and captured CO2; an emerging competitor in low-carbon synthetic fuels for shipping and aviation with overlapping customer segments.
• Infinium: US-based e-fuels producer making e-fuels including e-methanol from green hydrogen and waste CO2; a direct emerging competitor in the renewable marine fuels space.
• Sunfire: Germany-based developer of high-temperature electrolysis and Power-to-X (e-fuels including e-methanol and e-kerosene); competing technology pathway in the same low-carbon fuel market.
• Liquid Wind: Sweden-based developer of e-methanol facilities for the maritime sector; emerging player with similar target customers (shipping offtakers) but using electrolyzer-based rather than waste-feedstock pathways.
• Velocys: UK-based waste-to-jet-fuel and synthetic fuels technology company using Fischer-Tropsch; an emerging player in advanced waste-to-fuels targeting similar SAF and circular-fuel markets.
• Ballard Power Systems: Fuel cell manufacturer with rail and heavy-duty mobility applications; competes for the same rail decarbonization wallet as HyOrc's locomotive retrofit offering, though via a different (fuel cell) technology path.

Broad incumbents

• Topsoe: Established Danish chemical technology company licensing methanol synthesis catalysts and processes; broad incumbent that could supply competing methanol plant developers or partner with HyOrc.
• Wärtsilä: Global marine engine OEM with methanol-ready engines and major supplier to shipping decarbonization; broad incumbent shaping demand pull for green methanol and the demand-side complement to HyOrc's supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HyOrc Corporation