Aduro Clean Technologies Achieves Key Milestone in Pilot Plant Design
23 Januar 2025 - 1:00PM
Aduro Clean Technologies Inc.
(“
Aduro” or the “
Company”)
(Nasdaq:
ADUR) (CSE:
ACT) (FSE:
9D5), a clean technology company using the power
of chemistry to transform lower value feedstocks, like waste
plastics, heavy bitumen, and renewable oils, into resources for the
21st century, is pleased to announce the successful completion of
the Basic Engineering Design phase for its Hydrochemolytic™
Technology (HCT) Next Generation Process (NGP) Pilot Plant, marking
a significant milestone in the commercialization of its platform
technology.
This milestone marks a pivotal step in Aduro’s
journey to commercialize its HCT platform technology. With the NGP
Pilot Plant on track for completion in the third quarter of this
year, the completion of the Basic Engineering Design represents the
culmination of many years of extensive research and development.
Aduro has partnered with Zeton, a global leader in modular pilot
and demonstration-scale plant design. Together, the two
organizations are working diligently to advance the project toward
installation and commissioning.
The project has now entered the detailed design
phase, where Aduro is leveraging Zeton’s proven expertise in pilot
plant engineering, with a specific emphasis on modularity and
scalability. The NGP Pilot Plant is positioned to play a pivotal
role in supporting Aduro's Customer Engagement Program by
highlighting the application of Hydrochemolytic™ Technology on
simpler materials that offer near-term commercial viability.
Concurrently, the plant will function as a testing and development
platform for gaining the necessary expertise to process more
challenging, harder-to-recycle, and lower-value feedstocks. This
phased approach aligns seamlessly with Aduro’s commercialization
strategy, ensuring the technology evolves into a highly adaptable
solution capable of addressing a wide range of feedstocks
effectively.
The Company has already commenced procurement of
critical long-lead equipment and begun preparing the site for the
installation of the NGP Pilot Plant, including infrastructure
enhancements required for its operation.
Aduro is now expanding its laboratory facilities
and office space in London, Ontario, to support the NGP Pilot
Plant's operational needs and to accommodate the Company’s growth.
These upgrades are designed to ensure the facilities can handle the
requirements of the pilot plant while fostering continued growth
and innovation.
“This milestone marks a pivotal step in Aduro’s
journey to commercialize the Hydrochemolytic™ Technology platform,”
said Ofer Vicus, CEO of Aduro. “It represents the realization of a
unique solution to one of society’s most pressing challenges – the
chemical recycling of hard-to-recycle plastic waste.
“The NGP Pilot Plant, designed entirely with
industrial components, will serve as a testing ground for
processing a variety of waste streams, generating valuable
operational data and insights critical for refining our technology
and scaling it for full commercialization.
“For Team Aduro, this marks a pivotal moment
that started as an idea and will end with the commissioning of our
entirely new NGP process. I extend my heartfelt gratitude to all of
our employees who have worked tirelessly to make this milestone
possible.”
About Aduro Clean
Technologies
Aduro Clean Technologies is a developer of
patented water-based technologies to chemically recycle waste
plastics; convert heavy crude and bitumen into lighter, more
valuable oil; and transform renewable oils into higher-value fuels
or renewable chemicals. The Company’s Hydrochemolytic™ technology
relies on water as a critical agent in a chemistry platform that
operates at relatively low temperatures and cost, a game-changing
approach that converts low-value feedstocks into resources for the
21st century.
For further information, please
contact:
Abe Dyck, Head of Corporate Development / Investor
Relationsir@adurocleantech.com+1 226 784 8889
KCSA Strategic CommunicationsJack Perkins, Vice
Presidentaduro@kcsa.com
Forward-Looking Statements
This news release contains forward-looking
statements. All statements, other than statements of historical
fact that address activities, events, or developments that the
Company believes, expects, or anticipates will or may occur in the
future, are forward-looking statements. The forward-looking
statements reflect management’s current expectations based on
information currently available and are subject to a number of
risks and uncertainties that may cause outcomes to differ
materially from those discussed in the forward-looking statements.
The forward-looking statements in this release include, but are not
limited to, the plan for successful completion of the Basic
Engineering Design phase for the Hydrochemolytic™ Technology (HCT)
Next Generation Process (NGP) Pilot Plant; that the NGP Pilot Plant
is on track for completion in the third quarter of 2025; that the
project has now entered the detailed design phase; that the Company
will leverage Zeton’s proven expertise in pilot plant engineering
in completion of the plant; that the NGP Pilot Plant will play a
pivotal role in supporting Aduro's Customer Engagement Program;
that the plant will function as a testing and development platform
for processing more challenging, harder-to-recycle, and lower-value
feedstocks, and ensure that the technology evolves into a highly
adaptable solution capable of addressing a wide range of feedstocks
effectively; that the plant will serve as a testing ground for
processing a variety of waste streams, generating valuable
operational data and insights critical for refining the Company’s
technology and scaling it for full commercialization; the plan for
procurement of critical long-lead equipment; the planned expansion
of the Company’s laboratory facilities and office space in London,
Ontario. Although the Company believes that the assumptions
inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future
performance, and, accordingly, undue reliance should not be put on
such statements due to their inherent uncertainty. Important
factors that could cause actual results to differ materially from
the Company’s expectations include, but are not limited to, adverse
market conditions, delays in completing the Basic Engineering
Design phase for the Hydrochemolytic™ Technology (HCT) Next
Generation Process (NGP) Pilot Plant, and potential challenges in
the detailed design phase; risks related to relying on Zeton’s
expertise in pilot plant engineering, the ability of the NGP Pilot
Plant to support Aduro's Customer Engagement Program, and the
effectiveness of the plant as a testing and development platform
for processing more challenging feedstocks; risks related to
procurement delays of critical long-lead equipment, and risks
related to the successful expansion of the Company’s laboratory
facilities and office space in London, Ontario; risks that the
plant may not be developed as planned or at all, that it may not
provide the anticipated benefits in validating the
commercialization of the technology, or that there may be delays or
other unforeseen issues that could impact the project's timeline
and success, including potential adverse market conditions and
other factors beyond the control of the parties. The Company
expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether because of new information,
future events, or otherwise, except as required by applicable
law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/28980950-7c0a-4aa4-af07-fc0d77faff78
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