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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, trading under the symbol ACTHF, has announced the nearing completion of its pilot-scale HydrochemolyticTM continuous flow plastic reactor, R2 Plastic. This unit, designed to process various plastic feedstocks, is set to be commissioned by mid-November 2022. The company is also planning the R3 Plastic unit, with a targeted throughput of 2,000 kg/day, aiming for completion by the end of 2023. These advancements are part of Aduro's strategy to enhance customer engagement and ultimately commercialize its innovative recycling technologies.
Aduro Clean Technologies (OTCQB: ACTHF) has signed a Letter of Intent (LOI) with Prospera Energy (TSX.V: PEI) to develop a pre-commercial pilot plant for converting low API bitumen into higher-value products. The partnership follows Aduro's advancements with its bitumen reactor and outlines an 18-month plan divided into three phases, culminating in the construction of a 50 bbl/day pilot plant by Q2 2024. Prospera will pay Aduro $25,000 CAD monthly for the first phase, aimed at testing feedstocks and evaluating economics.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) is nearing completion of its pilot-scale Hydrochemolytic™ continuous flow bitumen reactor, known as R2 Bitumen. This advanced reactor is supported by a new Flash Drum vapor-liquid separator to enhance product sample variability for potential clients. The completion of the reactor and Flash Drum is expected by October 2022. Aduro aims to boost customer engagement through its established Customer Trial Program, which provides product analysis and facilitates business discussions. The company is committed to advancing its technology in waste plastics recycling and oil processing.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) will participate in the Oil Sands Conference & Trade Show on September 14-15, 2022, in Fort McMurray, Alberta. Abe Dyck, VP of Strategy & Business Development, will present on 'Hydrochemolysis: An Innovative And Highly Effective Methodology For Heavy Oil Upgrading And Plastics Upcycling.' This event facilitates networking and showcases advancements in the oil sands sector, focusing on cost reduction and technological innovation in the energy industry.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) announced its participation in The Green Expo 2022 from September 6-8 in Mexico City. This initiative, supported by the Canadian Embassy, aims to facilitate Canadian companies seeking business opportunities in Mexico. Aduro will showcase its Hydrochemolytic™ Plastic Upcycling technology and engage with international stakeholders to advance sustainable solutions. The Green Expo serves as a vital platform for sharing innovative, sustainable technologies across various industries, promoting a Circular Economy.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) completed a non-brokered private placement, issuing 2,599,579 units at $0.72 each, raising C$1,871,697. The funds will accelerate the establishment of new lab facilities, expand research and engineering teams, and advance pilot projects related to bitumen upgrading and plastic upcycling. Each unit includes a common share and half a warrant, with warrants exercisable at $1.00 for two years. The securities are subject to a four-month hold period, and no finders' fees were paid in the offering.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) is participating in the CPAC Summer Institute from July 19-21, 2022, in Seattle. Marcus Trygstad, Aduro's Co-Founder and CTO, will present on July 20, discussing the company's Hydrochemolytic™ Technology, which uses lower temperatures to chemically recycle plastics and upgrade heavy crude. This innovative approach offers significant energy savings and reduces unwanted by-products. Aduro specializes in patented water-based technologies aimed at recycling waste and transforming oils into valuable resources.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) announced the expansion of its laboratory facilities in Sarnia, Ontario, aimed at accelerating research and scale-up capabilities. The new 4,371 ft² lab will enhance customer trials and feature the Hydrochemolytic™ continuous flow plastic upcycling reactor. Completion is expected in late Summer 2022. Additionally, Aduro entered into a $8,000 CAD monthly investor relations agreement for one year, with stock options granted to the consultant. This aligns with the company's strategy for customer engagement and technology development.
Aduro Clean Technologies Inc. will showcase its Hydrochemolytic™ Technology at the Global Energy Show from June 7-9 and at the PetroChem Canada Conference on June 21-22. The presentations will focus on innovative methods for plastic recycling and heavy oil upgrading, addressing critical environmental challenges in the energy sector.
Aduro Clean Technologies (CSE:ACT, OTCQB:ACTHF) has provided a corporate update highlighting key developments in 2022. The company successfully closed an oversubscribed financing of CAD $2.35M, with management investing approximately $245,000. A letter of intent was signed with Switch Energy for a pilot plant to convert waste plastics. The company has developed a go-to-market strategy and received third-party validation for its Hydrochemolytic™ Technology. Additionally, Aduro has expanded into Mexico and strengthened its management team with experienced executives.
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