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Aduro Clean Technologies Inc. (OTCQX: ACTHF) is a leading Canadian technology company specializing in the chemical transformation of low-value feedstocks such as waste plastics, heavy bitumen, and renewable oils into valuable resources for the 21st century. Operating on the frontier of sustainable innovation, Aduro leverages its patented Hydrochemolytic™ Technology (HCT) to address some of the most pressing environmental challenges today. This innovative technology harnesses the power of water to deconstruct complex molecules at relatively low temperatures, offering a cost-effective and environmentally friendly solution for chemical recycling.
In recent developments, Aduro has been featured in the prestigious Viewpoint with Dennis Quaid documentary series, which showcases groundbreaking technologies. The company's segment, airing in February 2024, underscores its commitment to scalable, sustainable solutions for chemical recycling, particularly in addressing waste plastic pollution.
Significant progress was also made with the Continuous Flow Plastic Reactor, where over 240 test runs validated the efficacy of HCT in converting up to 95% of polyolefin feedstocks into new plastics and chemicals. This development aligns with Aduro's Customer Engagement Program (CEP), designed to ensure the technology meets market needs and integrates specialized expertise.
Aduro continues to expand its market presence through strategic partnerships. Notable collaborations include a technical evaluation project with a leading multinational food packaging company to recycle food packaging plastics, and another with a multinational building materials company to recycle cross-linked polymers, a notoriously difficult material to recycle.
Financially, Aduro reported record revenue growth in Q3 2024, with a robust cash position bolstered by the exercise of warrants and options. The company also announced a non-brokered private placement expected to raise up to $3.525 million, further supporting its innovative research and development initiatives.
Aduro's participation in the Intergovernmental Negotiating Committee on Plastic Pollution (INC-4) highlights its commitment to global sustainability goals. The company advocates for a circular economy and supports international policies promoting advanced recycling technologies, aligning its efforts with broader environmental objectives.
For more information, visit Aduro Clean Technologies Inc.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) will attend the AlphaNorth Capital Conference from March 25-27, 2022, to showcase its HydrochemolyticTM Technology Platform. The conference facilitates connections with capital finance firms for potential investments. Aduro aims to validate its technology for larger applications and discuss partnerships for waste plastic recycling, particularly with Brightlands Chemelot and Switch Energy. The company focuses on innovating water-based technologies for plastic recycling and transforming oils into high-value resources.
Aduro Clean Technologies (CSE:ACT, OTCQB:ACTHF) announced the achievement of the First Milestone under its Securities Exchange Agreement after receiving third-party confirmation of its patented chemical conversion technology. This technology upgraded Alberta bitumen from 14.6 °API to 19.5 °API, enhancing market value. The validation by Dr. Paul Charpentier supports further scale-up efforts and engagements with potential partners. Upon achieving this milestone, 13,333,328 Class A special warrants are converted to common shares. Further developments include designs for an R3 pilot reactor.
Aduro Clean Technologies has appointed Gene Cammack as Chief Operating Officer, effective January 11, 2022. Cammack brings over 30 years of experience in the oil and gas and chemical industries, previously holding key roles at Siemens and Yokogawa USA. CEO Ofer Vicus expressed confidence that Cammack's leadership will enhance the company’s growth trajectory. Cammack is excited about Aduro's recent milestones, including pilot projects with Switch Energy and Brightlands Chemelot Campus, signaling an optimistic outlook on future developments.
Aduro Clean Technologies has appointed Gene Cammack as its new Chief Operating Officer effective immediately. Cammack brings over 30 years of experience in the oil and gas and chemical sectors, having held senior roles at companies including Siemens Energy and Yokogawa USA. CEO Ofer Vicus highlights Cammack's operational leadership as crucial for meeting growth targets. This appointment follows the company's recent milestone achievements and pilot project announcements with Switch Energy and Brightlands Chemelot Campus, indicating positive momentum in Aduro's innovation and expansion efforts.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) announced the completion of its First Milestone, outlined in a Share Exchange Agreement. The company's patented Hydrochemolytic™ technology demonstrated improved bitumen properties in continuous-flow reactors, achieving a density upgrade from 14.6 °API to 19.1 °API. This advancement indicates potential for lower operating costs and reduced environmental impact. The results will be independently evaluated by Dr. Paul Charpentier, providing a basis for future pilot projects and commercial applications of the technology.
Aduro Clean Technologies has completed its work on the First Milestone as per the Share Exchange Agreement, with results ready for third-party evaluation by Dr. Paul Charpentier. The outcomes indicate that the patented Hydrochemolytic™ technology is viable for continuous-flow reactors, achieving significant upgrades in bitumen properties. Comparatively, the new continuous-flow R2 reactor demonstrated over a 10-fold increase in efficiency versus the earlier batch method, promising lower operational costs and environmental benefits. This advancement sets the stage for pilot plants and broader commercial applications.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) held its 2021 Annual General Meeting on November 29, 2021, in Toronto. Shareholders approved all resolutions outlined in the management circular dated October 28, including:
- Election of directors: Chris Parr, Peter Kampian, William Marcus Trygstad, and Ofer Vicus.
- Appointment of DeVisser Gray LLP as auditors for fiscal year ending May 31, 2022.
- Approval of the amended incentive stock option plan with 99.93% approval.
Overall, 46.30% of common shares were voted, reflecting strong shareholder engagement.
Aduro Clean Technologies (CSE:ACT, OTCQB:ACTHF) announces its participation in the SNN Network Canada Virtual Event 2021 on December 8, 2021, at 12:00 PM EST. CEO Ofer Vicus will present and answer investor questions. Interested attendees can access the presentation via a provided link or register for 1on1 meetings. The company specializes in patented water-based technologies to recycle plastics and upgrade heavy crude oils into valuable resources.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) will present at the SNN Network Canada Virtual Event on December 8, 2021, at 12:00 PM EST. CEO Ofer Vicus will host the presentation and answer investor questions. Interested participants can access the live event through the provided webcast link. One-on-one investor meetings can be scheduled via a secure video conference through the event platform. All presentations will be available for later viewing on the conference agenda page.
Aduro Clean Technologies (CSE:ACT)(OTCQB:ACTHF) has announced discussions with Switch Energy to develop a pilot plant aimed at recycling agricultural plastics in Ontario, Canada. The initiative targets the estimated 60,000 tonnes of plastic waste generated annually by farms. Aduro plans to utilize its proprietary Hydrochemolytic™ technology to create modular, cost-effective facilities for processing waste plastics. Successful implementation could lead to similar projects across North America, enhancing the economic feasibility of such operations and reducing landfill disposal costs.
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