Aduro Joins Canada Plastics Pact as a Signatory Partner

Rhea-AI Summary

Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) has joined the Canada Plastics Pact (CPP), part of a global initiative aimed at reducing plastic waste. The partnership seeks innovative, collaborative solutions for a circular economy in plastics, addressing urgent waste management issues. CEO Ofer Vicus emphasized the importance of chemical recycling technologies for sustainable practices. The CPP focuses on uniting stakeholders across the plastics value chain to meet actionable targets by 2025, fostering an eco-friendly approach to plastic waste management.

Positive

• Aduro's membership in the Canada Plastics Pact enhances its visibility and collaboration prospects in sustainable practices.
• Engagement with the CPP aligns with Aduro's goal of commercializing low-carbon, circular approaches to plastic recycling.

Negative

• None.

SARNIA, ON / ACCESSWIRE / May 9, 2022 / Aduro Clean Technologies Inc. ('Aduro' or the 'Company') (CSE:ACT) (OTCQB:ACTHF) (FSE:9D50), a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, announces its membership in the Canada Plastics Pact (CPP).

The CPP is part of the Ellen MacArthur Foundation's global Plastics Pact network, joining other plastics pacts across the world in a network of national and regional initiatives working towards the vision of a circular economy for plastics. The CPP brings together businesses, policy makers, and NGOs to work together and create a national solution to plastic waste and pollution through combined expertise, collaboration, and a desire to take action.

"Waste plastic is a fast-growing global concern in need of innovative circular solutions that are practical, sustainable, and capable of driving real social-economic change. Aduro is proud to support the Canada Plastics Pact, as we strategically partner with industry and all levels of government to focus on commercialising low-carbon, circular approaches to upcycling plastics. Aduro knows that a circular economy for plastics is within reach. We look forward to working collaboratively across the value chain to implement chemical recycling of plastics with our patented Hydrochemolytic™ Technology process," says Ofer Vicus, Chief Executive Officer at Aduro.

"Creating a circular economy for plastics packaging in Canada will require a collaborative effort by multiple stakeholders across the value chain. We are pleased to have Aduro Clean Technologies join the Canada Plastics Pact as a Signatory Partner, bringing their insight and expertise on how to overcome the limitations of traditional recycling with their innovative chemical conversion technology," says Sinead King, Director of Partnership Engagement at Canada Plastics Pact.

About the Canada Plastics Pact

The Canada Plastics Pact (CPP) is tackling plastic waste and pollution, as a multi-stakeholder, industry-led, cross-value chain collaboration platform. The CPP brings together Partners who are united behind a vision of creating a circular economy in Canada in which plastic waste is kept in the economy and out of the environment. It unites businesses, government, non-governmental organizations, and other key actors in the local plastics value chain behind clear actionable targets for 2025. The Canada Plastics Pact is a member of the Ellen MacArthur Foundation's Global Plastics Pact network. It operates as an independent initiative of The Natural Step Canada, a national charity with over 25 years experience advancing science, innovation and strategic leadership aimed at fostering a strong and inclusive economy that thrives within nature's limits.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil.

For further information, please contact:

Ofer Vicus, CEO
ovicus@adurocleantech.com
Abe Dyck, Investor Relations
ir@adurocleantech.com
+1 604-362-7011

Investor Cubed Inc.
Neil Simon, CEO
nsimon@investor3.ca
+ 1 647 258 3310

Forward-Looking Statements

This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions and other factors beyond the control of the parties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

The CSE has not reviewed, approved, or disapproved the content of this news release.

SOURCE: Aduro Clean Technologies Inc.

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FAQ

What is Aduro Clean Technologies' recent announcement regarding ACTHF?

Aduro Clean Technologies announced its membership in the Canada Plastics Pact, aiming to drive sustainable solutions for plastic waste.

What is the Canada Plastics Pact?

The Canada Plastics Pact is an initiative promoting a circular economy for plastics by uniting businesses, NGOs, and policymakers to tackle plastic waste.

How does Aduro's technology contribute to plastic recycling?

Aduro uses patented Hydrochemolytic technology to chemically recycle plastics, aiming for more effective waste management solutions.

What are the goals of the Canada Plastics Pact by 2025?

The CPP aims to establish actionable targets for reducing plastic waste through collaborative efforts among stakeholders in the plastics value chain.

What is the significance of Aduro joining the Canada Plastics Pact?

Joining the CPP positions Aduro as a key player in sustainable plastic recycling efforts, enhancing its market presence and partnerships.