Welcome to our dedicated page for Aduro Clean Tech news (Ticker: ACTHF), a resource for investors and traders seeking the latest updates and insights on Aduro Clean Tech stock.
The ACTHF news page tracks disclosures and announcements related to Aduro Clean Technologies Inc., a clean technology company that develops patented water-based processes to recycle waste plastics, upgrade heavy crude and bitumen into lighter oil, and convert renewable oils into higher-value fuels or renewable chemicals. News items frequently highlight progress on the company’s Hydrochemolytic™ Technology (HCT), a chemistry platform that uses water as a critical agent at moderate temperatures to convert low-value feedstocks into liquid hydrocarbons.
Readers can expect coverage of technology milestones, such as commissioning updates for the Next Generation Process (NGP) Pilot Plant in London, Ontario, and developments in the Demonstration Plant program, including site-selection activities and engineering trials for long-lead equipment. Releases also describe validation efforts, including graduation from the Shell GameChanger program and pilot-scale steam-cracking trials in Europe, where plastic-derived Hydrochemolytic™ oil from mixed waste plastics was processed without hydrotreatment or dilution while achieving ethylene and propylene yields comparable to conventional fossil feedstocks.
The news flow also includes collaboration announcements, such as the multi-year framework agreement with ECOCE in Mexico to evaluate HCT for flexible and mixed plastic packaging, and partnerships with KraussMaffei Extrusion GmbH and CHILL B.V. to study extrusion-based feed preparation and process behavior under realistic contamination conditions. Capital markets updates, including details of an underwritten U.S. public offering intended to support the Demonstration-Scale Plant, are another recurring theme.
For investors and observers, following ACTHF-related news provides insight into how Aduro’s Hydrochemolytic™ Technology is advancing from laboratory development to pilot and demonstration scale, how external partners are evaluating its potential, and how the company is funding and organizing its scale-up pathway. Regular visits to this page help track the sequence of technical, commercial, and financing milestones that shape the company’s development trajectory.
Aduro Clean Technologies Inc. (OTCQB: ACTHF) has joined the Chemistry Industry Association of Canada (CIAC) as part of its Plastics Division, which aims for 100% recyclability of plastic packaging by 2030. This membership allows Aduro to leverage its patented Hydrochemolytic™ Technology for transformative chemical recycling, addressing plastic waste challenges. The CIAC's Plastics Division, encompassing over 70 members, is focused on developing a circular economy for plastics. Aduro's participation emphasizes its commitment to sustainability and collaboration within the industry to mitigate plastic pollution.
Aduro Clean Technologies has announced a non-brokered private placement of between 2,150,500 and 2,688,200 units at $0.93 each, raising gross proceeds of $1,999,965 to $2,500,026. Each unit includes one common share and half a warrant, exercisable at $1.30 for two years. The offering, part of the LIFE Offering, aims to fund research and development in chemical recycling technologies and general operational expenses. Closing is expected around March 31, 2023, subject to regulatory approvals. The offering is available only to residents of certain Canadian provinces without resale restrictions.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) announced a partnership with Chemelot Innovation and Learning Labs (CHILL) to enhance its chemical recycling platform. This collaboration will take place at the Brightlands Chemelot Campus in the Netherlands and is designed to accelerate Aduro's commercialization efforts. Through a Platinum Partnership, Aduro gains access to CHILL’s specialized resources and researchers for focused experiments on its Hydrochemolytic™ technology. All intellectual property from these projects will belong to Aduro Energy Inc., a subsidiary of the company, marking a significant step in establishing its presence in the European chemical recycling market.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) announced its participation in multiple industry conferences throughout early 2023 to promote its Hydrochemolytic™ technology, which focuses on recycling plastics and converting heavy crude into valuable resources. Key events include:
- February 23: The Year Ahead in Waste & Recycling Conference, Ontario.
- March 15: Alberta Circular Plastics Day, Alberta.
- March 19-21: AFPM Annual Meeting, Texas.
- March 20-22: Chemical Recycling North America, Texas.
CEO Ofer Vicus highlighted these conferences as vital for enhancing customer engagement and showcasing the Company's innovative solutions for a circular economy.
Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) has announced a progress update on its joint research project with Western University, focused on enhancing plastic recycling technologies. The project, which has a total budget of $1.53 million, includes $1.15 million from NSERC and Mitacs. It aims to improve processing techniques and assess contaminants in plastic feedstocks. Led by Dr. Paul Charpentier and Dr. Cedric L. Briens, the three-year project began in January 2023, employing 18 skilled researchers. Aduro retains ownership of all intellectual property generated from this initiative.
Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) announced its participation in the Uttar Pradesh Global Investors Summit 2023 from February 10-12 in Lucknow, India. This summit aims to connect global leaders and explore investment opportunities. Aduro will showcase its Hydrochemolytic technology for recycling plastics, addressing India's substantial plastic waste issue, which reaches 8.5 million tonnes annually. CEO Ofer Vicus highlighted the significance of Uttar Pradesh's population of 230 million as a potential market for their innovative solutions. The summit supports India’s goal of becoming a $5 trillion economy while focusing on economic growth and sustainability.
Aduro Clean Technologies Inc. (OTCQB: ACTHF) will participate in the CEM AlphaNorth Capital Event in Nassau, Bahamas, from January 20-23, 2023. The company has achieved significant milestones, including a $1.14 million research grant from NSERC and a Letter of Intent with Prospera Energy to develop a pilot plant for converting low API bitumen. Additionally, Aduro has joined the Shell GameChanger program to advance its Hydrochemolytic™ technology for recycling plastics. CEO Ofer Vicus highlighted the company's growth potential in the clean technology sector.
Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) announced the issuance of 2,075,000 stock options to directors, officers, employees, and consultants, exercisable at $1.00 for five years. Of these, 1,775,000 options will vest monthly over two years, while 300,000 will vest immediately. Additionally, the company awarded 150,000 restricted share units (RSUs) to an officer, which will vest immediately. All options and RSUs are subject to a four-month hold period. The release includes forward-looking statements regarding the vesting schedule and potential market conditions affecting future performance.
Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) announced it has received $1,109,103 from the exercise of warrants and stock options since September 1, 2022. This includes 1,638,390 warrants at $0.50, 118,635 at $0.80, and 300,000 stock options at $0.65, resulting in the issuance of 2,057,025 common shares. The CEO highlighted that these proceeds will support laboratory expansion and ongoing projects, including commissioning continuous flow pilot units.
Aduro Clean Technologies has completed the construction and mechanical assembly of its pilot-scale Hydrochemolytic™ continuous flow plastic reactor, known as R2 Plastic. This reactor is designed to process various plastic feedstocks and evaluate the impact of multilayer materials. Plans for testing and certification by the Technical Standard and Safety Authority are underway, with completion expected soon. In 2023, the company aims to execute a research and testing program for the R2 Reactor, along with scaling up the pre-commercial R3 Reactor unit. Further details are available in a video walk-through.
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