Latest news with #greenmethanol
Yahoo
30-06-2025
- Business
- Yahoo
HyOrc, Acetech Ink UK Green Methanol Deal, Projected to Generate $200 Million in Revenues
HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: ASPZ), a leading developer of hydrogen combustion and waste-to-fuel technologies, today announced it has signed a Memorandum of Understanding (MOU) with Acetech Metals Limited to develop a municipal waste to green methanol production facility in Scunthorpe, United Kingdom. Under the MOU, the parties have committed to deploy a 35 TPD (tons per day) Municipal Waste: Refuse-Derived Fuel (RDF) gasification plant combined with a methanol synthesis unit, with plans to scale up to a 150 TPD integrated facility converting RDF into syngas and subsequently into green methanol and clean electricity. Once fully operational, the project is expected to produce approximately 12,000 metric tons of methanol annually over a projected 25-year plant life. Project Highlights: - Phase 1: Installation of a 35 TPD RDF gasification system and methanol synthesis unit, with on-site HyOrc engines generating electricity from syngas for facility operations. - Planned Scale-Up: Expansion to 150 TPD capacity, supporting the production of an estimated $200 million of green methanol over the project's lifetime. - Feedstock Supply: Acetech will arrange RDF supplies and provide the necessary industrial land under a long-term agreement. - Technology Contribution: HyOrc will deliver proprietary gasification and methanol synthesis equipment, retaining ownership and licensing rights. - SPV Structure: The project will be executed through a jointly owned UK-based Special Purpose Vehicle (SPV). 'This collaboration with Acetech marks a major milestone in HyOrc's mission to decarbonize hard-to-abate sectors using proven waste-to-fuel solutions,' said K. Reginald Fubara, CEO of HyOrc. 'The project is the first of a series of waste to green methanol projects planned by HyOrc, as part of the rollout of our green fuels portfolio.'About HyOrc Corporation HyOrc Corporation (OTC: ASPZ) develops and commercializes advanced waste to methanol systems, and hydrogen combustion engines for rail, maritime, and distributed power. Backed by a growing patent portfolio and ISO-certified operations, HyOrc's mission is to decarbonize hard-to-abate sectors without subsidy reliance. HyOrc has 728.19 million shares issued and outstanding with 26.30 million shares at DTC. About Acetech Metals Limited Acetech Metals is a UK-based recycling and waste processing company committed to sustainable materials management and innovative clean energy projects. Contact: Laura DonohoeInvestor Relationslaura@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
HyOrc Appoints Andrea Magalini to Board, Achieves Key ISO Certification
HOUSTON, June 25, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: ASPZ), a clean energy technology company advancing advanced green methanol production systems, and hydrogen-based combustion systems for transport & off-grid power, is pleased to announce that Andrea Magalini has officially joined the Board of Directors as a Non-Executive Director. Andrea brings deep international experience in OEM leadership, industrial product commercialization, and global scale-up strategy. As the former General Manager of Turboden (a Mitsubishi Heavy Industries group company) heat generation business unit and with over a decade as global sales leader at the same company and strategic management consultant at McKinsey & Co., Andrea's appointment marks a major step as HyOrc enters its commercialization phase. 'We're thrilled to welcome Andrea to the Board,' said James McNaught-Davis, Chairman of HyOrc. 'His global track record in scaling clean technologies and forging industrial partnerships will be invaluable as we prepare for manufacturing ramp-up and global deployment.' HyOrc is also proud to announce that its R&D and manufacturing operations have successfully passed external audit and are now fully certified under the following international standards: ISO 9001:2015 – Quality Management Systems ISO 14001:2015 – Environmental Management Systems ISO 45001:2015 – Occupational Health and Safety Management Systems These certifications represent a critical milestone in HyOrc's journey, affirming its operational excellence, environmental stewardship, and worker safety — key pillars for strategic customers, EPC partners, and institutional investors. Additional Milestone: HyOrc recently filed a PCT application for its vertical combustor, broadening global IP coverage for its patented hydrogen engine platform. This innovation underpins HyOrc's locomotive, PAYG power, and green methanol systems — enabling high-efficiency, multi-fuel energy solutions across multiple HyOrc CorporationHyOrc Corporation (OTC: ASPZ) develops and commercializes advanced waste to methanol systems, and hydrogen combustion engines for rail, maritime, and distributed power. Backed by a growing patent portfolio and ISO-certified operations, HyOrc's mission is to decarbonize hard-to-abate sectors without subsidy reliance. HyOrc has 728.19 million shares issued and outstanding with 26.30 million shares at DTC. Contact:Laura DonohoeInvestor Relationslaura@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Methanol Market Analysis and Outlook (2025-2035) by Feedstock, Derivatives, End-Use Industry and Region Featuring Profiles of Methanex, BASF, Celanese, SABIC, Mitsubishi Gas Chemical Co. and More
The Asia-Pacific leads in consumption, driven by industrial growth. Competitive dynamics are shaped by innovation and regional expansion, amidst regulatory challenges. Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Methanol Market Research Report 2025-2035" has been added to Methanol market accounted for USD 35.8 Billion in 2024 and is expected to reach USD 65.2 Billion by 2035, growing at a CAGR of around 5.6% between 2025 and 2035. The Methanol Market is experiencing a notable transformation driven by rising demand across automotive, construction, and chemical sectors. Its versatility as a feedstock in producing formaldehyde, acetic acid, and fuels positions it as a vital industrial compound. Environmental regulations have also contributed to its growing prominence in clean energy players are increasingly investing in bio-methanol and green methanol technologies to align with sustainability goals. However, pricing volatility due to crude oil fluctuations and supply chain disruptions poses challenges. Technological advancements in production processes are also shaping the competitive dynamics. Overall, the market is steadily transitioning toward more sustainable and innovative methanol Adoption in Fuel ApplicationsThe global push toward clean and efficient fuels is encouraging the use of methanol as an alternative to gasoline and diesel. Its use in blending fuels and as a base for biodiesel is gaining ground in both developed and developing nations. Transportation industries are exploring methanol-powered engines to reduce emissions. Additionally, marine and shipping sectors are shifting toward methanol as a cleaner fuel source. Methanol's high-octane rating and lower combustion emissions make it an attractive substitute. Government incentives and policies are further bolstering its adoption in fuel sectors. This rising demand is a key factor propelling methanol market and Regulatory ChallengesDespite its cleaner combustion compared to traditional fossil fuels, methanol is still a toxic substance with safety and environmental risks. Stringent environmental regulations in various countries concerning its handling, storage, and emissions pose compliance challenges for manufacturers. The toxicity of methanol can impact workers' health and requires significant investment in safety infrastructure. Regulations limiting formaldehyde use - a major methanol derivative - also indirectly restrict methanol consumption. Moreover, the shift toward completely green alternatives could overshadow methanol in the long run. These regulatory constraints can restrict market penetration, especially in regions with aggressive environmental in Bio-Methanol and Green MethanolThe demand for sustainable and eco-friendly alternatives is opening avenues for bio-methanol and green methanol. Produced from renewable sources like biomass, municipal waste, and carbon dioxide, these variants help reduce carbon footprints. Governments and environmental agencies are supporting bio-based production through subsidies and mandates. As industries strive to meet carbon neutrality goals, green methanol is gaining appeal in energy and transportation sectors. Companies are increasingly investing in R&D to scale up production capacities of renewable methanol. This transition also aligns with the global push for circular economies. The emergence of this segment presents a promising growth AnalysisApplications of methanol span formaldehyde, acetic acid, gasoline blending, and more. Formaldehyde remains a leading application owing to its use in resins and plastics. Acetic acid derived from methanol is essential in adhesives, paints, and textiles. Fuel blending is a fast-growing application driven by clean energy demand. Other uses include dimethyl ether and methanol-to-olefins processes. As application areas diversify, the market experiences broader demand bases. Each application segment contributes uniquely to the market's overall growth major end-use industries include automotive, construction, electronics, and chemicals. The automotive sector utilizes methanol in fuel blending and alternative fuels. In construction, methanol derivatives like formaldehyde are used in adhesives and insulation materials. Electronics manufacturing depends on high-purity chemicals derived from methanol. The chemical industry remains the largest consumer due to its role in producing base chemicals. Demand is also rising in pharmaceuticals and agriculture. These sectors drive steady and diverse consumption patterns in the methanol AnalysisAsia-Pacific leads in global methanol consumption due to rapid industrialization and infrastructure growth. China dominates the regional market with extensive coal-based methanol production and strong demand in the chemical sector. Increasing investments in methanol-to-olefins plants further amplify demand. The construction and automotive industries across India, Southeast Asia, and Japan also contribute to consumption. Regional governments are promoting alternative fuels, giving rise to methanol-blended fuels. Urbanization and expanding consumer markets drive downstream applications. The region remains central to both production and innovation in methanol LandscapeThe methanol market is characterized by a mix of global and regional players, each focusing on capacity expansion and sustainability. Leading companies are investing in bio-methanol technologies and forming strategic alliances to expand global footprints. Competition is driven by pricing, production technology, and feedstock availability. Chinese manufacturers hold strong positions due to cost-effective coal-based production. Western players focus more on natural gas-based and green methanol. The market also sees increasing collaboration between chemical firms and shipping companies for alternative fuel adoption. Innovation, environmental compliance, and regional expansion define competitive strategies in this evolving Topics Covered1. Methodology & Report Coverage1.1. Definition & Objective1.2. Market Evaluation & forecast parameter1.3. Research Methodology1.4. Data Validation Sources2. Market Overview3. Methanol Market: Market Dynamics3.1. Executive Summary3.2. Market Driving Factors3.2.1. Growing demand for cleaner fuels in automotive and marine industries3.2.2. Rising demand for methanol-derived chemicals in various applications3.2.3. Increased adoption in energy applications, such as fuel cells3.3. Key industry pitfalls & challenges3.3.1. Fluctuating raw material prices affecting production costs3.3.2. Strict environmental regulations due to methanol's toxicity3.3.3. Competition from alternative technologies like hydrogen and electric vehicles3.4. Market Opportunities3.4.1. Expansion of renewable methanol production from sustainable sources3.4.2. Growing interest in methanol-to-power solutions in developing regions3.4.3. Adoption in marine and aviation industries for cleaner fuels3.5. Porter's Five Forces Analysis3.6. PESTLE Analysis3.7. Regulatory landscape3.8. Investment landscape3.9. ESG Scenario3.10. Competitive landscape3.10.1. Company Market Share3.10.2. Market Positioning3.10.3. Strategy framework3.10.4. Recent Acquisitions & Mergers4. Methanol Market, Feedstock Segment Analysis4.1. Overview Dynamics4.2. Natural Gas4.3. Coal4.4. Biomass4.5. CO24.6. Municipal Solid Waste (MSW) 5. Methanol Market, Derivatives Segment Analysis5.1. Overview5.2. Formaldehyde5.3. Acetic Acid5.4. MTBE (Methyl Tert-Butyl Ether)5.5. DME (Dimethyl Ether)5.6. Methanol-to-Olefins (MTO) 6. Methanol Market, End-user Segment Analysis6.1. Overview6.2. Automotive6.3. Construction6.4. Electronics6.5. Pharmaceuticals6.6. Marine6.7. Textiles6.8. Energy6.9. Other 7. Methanol Market, Region Segment Analysis7.1. Overview7.2. North America7.3. Europe7.4. Asia-Pacific7.5. Latin America7.6. MEA 8. Company Profiles8.1. Methanex Corporation8.1.1. Business Overview8.1.2. Financial Performance8.1.3. Product/Service Offerings8.1.4. Strategies & Recent Developments8.1.5. SWOT Analysis8.2. BASF SE8.3. Celanese Corporation8.4. SABIC8.5. Mitsubishi Gas Chemical Company Inc.8.6. Mitsui & Co. Ltd.8.7. OCI N.V.8.8. LyondellBasell Industries Holdings BV8.9. Petroliam Nasional Berhad (PETRONAS)8.10. HELM Proman Methanol AG8.11. Ningxia Baofeng Energy Group Co. Ltd.8.12. Eni S.p.A.8.13. Kingboard Holdings Limited8.14. Enerkem8.15. Gujarat State Fertilizers & Chemicals Limited (GSFC)8.16. Zagros Petrochemical Company (ZPC) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
The Sun
08-05-2025
- Business
- The Sun
Stunning 280ft ‘superyacht of the future' boasting ‘penthouse apartment' with walk-in wardrobe on board' coming in 2035
A DUTCH shipyard has unveiled designs for a "futuristic" superyacht that could rival any luxury penthouse apartment. The 280ft superyacht, called Haven, boasts glass ceilings, layered upper decks and large windows to give the illusion of a grand top-floor suite. 8 8 8 8 Designed by Felix Chapman-Sheath, of CS Yacht Design, the vessel is expected to be sailing the high seas in 2035. With a tiered wedding cake-style structure, passengers are spread across five decks. There are six guest cabins, which provide accommodation for up to 12 passengers. While 25 crew are accommodated across 13 cabins. As sustainable superyachts become increasingly popular, Haven is set to be powered by green methanol. The net-zero yacht sports a natural theme, with wooden slats and hints of blue. "For the interior, I was inspired by a futuristic and alternative approach, challenging the norms of yacht design, similar to that of Tecomar's This Is It catamaran", said Felix Chapman-Sheath, of CS Yacht Design, who conceptualised the vessel. The open-plan living area is kitted out with palm fronds, stylish furniture and a semi-floating staircase. Guests may also enjoy a unique 'Zen garden' on the main deck, which is completed with skylight at the centre. Deep Sea Dreamer: The World's Most Luxurious Submarine Superyacht The space is situated directly in front of the master suite, separated only by a large sheet of glass. The master bedroom features an off-centred bed with epic views of the sea. There is a separate sofa area, desk, as well as a large walk-in wardrobe and dressing area. In terms of speed, Haven will reach a maximum of 18 knots and will cruise comfortably at 12 knots. This is roughly at the lower end of the scale for average superyacht speeds. 8 8 8 8
