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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) 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.
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.
Aduro Clean Technologies has announced the appointment of Mena Beshay as its new Chief Financial Officer, effective immediately. Beshay brings over 20 years of experience in financial leadership, with a strong background in strategic planning and operational turnarounds. Previously, he held significant roles at companies like CloudMD and Enercare. His appointment follows the tenure of Donnacha Rahill, who will assist during the transition. Beshay's recent investment of $105,000 in the company's private placement demonstrates his commitment to Aduro's growth and innovative Hydrochemolytic™ Technology.
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