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.
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.
Completion of Basic Design for Hydrochemolytic™ Technology Pilot PlantLONDON, Ontario, Jan.23, 2025 (GLOBE NEWSWIRE) -- 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.
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Author / Journalist: Aduro Clean Technologies Inc.
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