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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) has announced a partnership with Switch Energy to establish a pilot plant in Ontario for recycling agricultural plastic waste. The facility aims to process plastic waste, such as polyethylene, generated by local farms, which totals approximately 60,000 tonnes annually. Aduro's Hydrochemolytic™ technology will be utilized for this project, demonstrating the feasibility of small-scale plastic recycling. Successful implementation could lead to similar initiatives across North America, enhancing the value of waste plastics while reducing landfill dependence.
Aduro Clean Technologies announced a pending partnership with Brightlands Chemelot Campus to develop its patented Hydrochemolytic™ technology (HCT) for converting polyethylene waste into valuable feedstock. This initiative aims to demonstrate the technology’s effectiveness on a tons-per-day scale. Brightlands' review highlights HCT's advantages over traditional pyrolysis, emphasizing its potential in the circular economy. The pilot plant will be built with Aduro's expertise, while Brightlands will provide necessary support and location. This project marks a critical step towards commercializing the technology.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) announced a pending partnership with Brightlands Chemelot Campus in the Netherlands to demonstrate its Hydrochemolytic™ technology (HCT) for converting polyethylene waste into valuable chemical feedstock. Brightlands' positive review of HCT highlights its advantages over traditional pyrolysis processes. The partnership aims to establish a pilot plant, enhancing Aduro's commercial capabilities while supporting the circular economy. The project is positioned to expand to other plastics, promoting comprehensive resource recovery.
Aduro Clean Technologies (CSE:ACT)(OTCQB:ACTHF) is advancing its Hydrochemolytic™ Bitumen Upgrading (HBU) process to include polyethylene upcycling. The partnership with Exergy Solutions aims to leverage existing design and engineering work for HBU in developing a pilot-scale HBU reactor for polyethylene. Exergy's expertise allows the project to proceed efficiently, reinforcing Aduro's confidence in scaling up chemical processes. This milestone represents a critical step toward commercialization, enhancing the company's position in the recycling and clean energy sectors.
Aduro Clean Technologies (CSE:ACT)(OTCQB:ACTHF) is expanding the scope of its collaboration with Exergy Solutions to include engineering for Hydrochemolytic™ Plastic Upcycling (HPU) targeting polyethylene (PE). This follows advancements in their Hydrochemolytic™ Bitumen Upgrading (HBU) process. Exergy's engineering team aims to efficiently design the R3 pilot-scale reactor for both HBU and PE applications. CEO Ofer Vicus reported confidence in scaling operations due to established chemical engineering practices, indicating a smoother path to commercialization.
Aduro Clean Technologies (CSE:ACT, OTCQB:ACTHF) advances its projects for pilot-scale polyethylene upcycling and heavy crude upgrading by participating in Canada’s Trade Mission to the Mexican Petroleum Congress from November 17-20, 2021. The company aims to engage local officials and industry representatives, building on past successes to explore collaborations in converting waste plastic into fuel and enhancing heavy crude oil properties using its Hydrochemolytic™ technology. The Congress gathers over 8,000 specialists annually, providing a significant platform for technological exchange.
Aduro Clean Technologies (CSE:ACT)(OTCQB:ACTHF) is advancing its upcycling and heavy crude upgrading projects by joining Canada’s Commercial Trade Mission to the Mexican Petroleum Congress from November 17-20, 2021. The company aims to engage with industry officials to establish pilot projects leveraging its Hydrochemolytic™ technology for converting waste polyethylene plastic into diesel and enhancing the properties of heavy crude oil. This strategic move aligns with Aduro’s vision of addressing environmental challenges in Mexico and fostering job creation.
Aduro Clean Technologies (CSE:ACT)(OTCQB:ACTHF) is set to present its innovative Hydrochemolytic Bitumen Upgrading (HBU) technology at the Bitumen Industry Summit in London on October 6, 2021. CEO Ofer Vicus will discuss how HBU can better convert heavy crude into lighter oil, offering enhanced environmental and economic benefits compared to traditional methods. The summit aims to connect industry leaders and address key challenges and opportunities within the bitumen sector. For further details, visit the conference website.
Aduro Clean Technologies (CSE:ACT)(OTCQB:ACTHF) will present at the Bitumen Industry Summit in London on October 6, 2021, at 12:20 PM BT. CEO Ofer Vicus will discuss the company's innovative Hydrochemolytic™ Bitumen Upgrading technology, showcasing its potential to enhance environmental and financial outcomes compared to traditional methods. The summit aims to unite industry leaders to address key challenges and opportunities within the bitumen sector, covering topics like market analysis and technological advancements.
Aduro Clean Technologies (CSE:ACT)(OTCQB:ACTHF) has announced that its common shares are now DTC eligible on the OTCQB Venture Market as of September 16, 2021. This eligibility is expected to enhance liquidity and attract more U.S. investors, facilitating easier electronic transfers of shares. The company aims to advance its Hydrochemolytic technology, which focuses on recycling plastics and transforming oils into valuable resources. The shares will also continue to trade on the Canadian Securities Exchange under the symbol ACT.
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