HyOrc & Prio Bio Sign 10-Year Green Methanol Offtake Term Sheet for Porto Project

HyOrc Corporation (OTCQB: HYOR) has announced a pivotal milestone in its green energy initiatives with the signing of a 10-year offtake term sheet with PRIO BIO, S.A. This agreement, disclosed on March 5, 2026, marks a significant step in advancing the Porto Project, which aims to produce waste-based green methanol at HyOrc’s pilot facility in Portugal. The deal is poised to provide PRIO BIO with approximately 2,800 tonnes of green methanol annually, generated from an initial production module capable of processing 8 tonnes per day. The facility is expected to commence operations by early 2027.

The Porto Project stands out as the first application of HyOrc’s innovative modular waste-to-methanol platform in Europe, created to cater to the growing demand for renewable fuels within maritime and industrial sectors. Additionally, HyOrc is preparing for future growth with plans for an expanded 80-tonnes-per-day production facility, already backed by completed frontend engineering.

To ensure quality and compliance with industry standards, HyOrc has engaged independent validation firms, including Bureau Veritas, to oversee critical validation processes at their facility in Tamil Nadu, India. This includes the inspection of a gasification unit slated for transport to Porto and thorough testing of the produced green methanol. These efforts are crucial for meeting certification requirements and facilitating financing discussions.

Lisa Carter, CFO of HyOrc, emphasized the importance of the offtake alignment and third-party validation in moving toward financial closure and commercial deployment. The term sheet serves as a foundational structure for a definitive agreement, pending typical contractual conditions and documentation. HyOrc's strategic approach aims to enable scalable growth in response to rising demand and regulatory trends in European fuel markets.

The execution of the 10-year green methanol offtake term sheet by HyOrc Corporation with PRIO BIO for their Porto Project marks a pivotal moment for both the company and the broader green fuel market. The agreement for 2,800 tonnes per year from a pilot facility demonstrates significant confidence in HyOrc’s waste-to-methanol technology, and positions the company well within the tightening maritime and industrial markets requiring certified renewable fuels.

Investors should note that HyOrc is strategically entering the green methanol space as regulations tighten in Europe. As pressure mounts on industries to decarbonize, green methanol, derived from waste, offers a sustainable solution. HyOrc's modular approach not only allows for incremental capacity growth but is also a response to the growing demand for clean energy alternatives in Europe.

The validation activities announced at the Tamil Nadu facility are also critical for HyOrc. Through independent inspections and testing, the company is reinforcing its credibility ahead of its commercial operations. This external validation can ease financing discussions, thereby facilitating a smoother pathway to financial close for the Porto project.

On a market outlook basis, HyOrc’s entry into the renewable fuel sector via green methanol offers substantial upside potential. As companies seek compliant and renewable fuel sources, HyOrc's early positioning could yield competitive advantages. However, investors should also monitor the regulatory landscape and commodity price fluctuations in waste-derived fuels as these factors could impact profitability.

In conclusion, monitoring HyOrc’s project development, validation progress, and market conditions will be crucial for investors. With a sound strategic framework and alignment with emerging market needs, HyOrc Corporation presents an interesting opportunity amidst the global transition to sustainable fuel solutions.