The forward-looking statements in this release include, but are not limited to, Aduro’s construction of its Next Generation Process (NGP) Hydrochemolytic™ Technology (HCT) pilot plant, targeted for commissioning in Q3 2025; that the pilot plant will serve as a key scale-up step for the Company, generating critical data to support the transition to a larger demonstration plant; that with the successful commissioning and testing of the pilot plant, Aduro plans to advance toward a demonstration-scale facility, initially designed to process 8,000 tons per year; that the collaboration is a natural continuation and ideal fit as the Company moves towards real-world deployment of its technology and its intention to focus on evaluating critical feasibility factors needed for site selection, logistics, and feedstock supply, including data on material characterization, volume, and cost, setting the stage for the next phase of Aduro’s commercialization strategy; the expectation that NexGen is a strong partner with extensive industry experience and the resources necessary to support and expedite this process; that the Company will look to collaborate with NexGen as it advances implementation of its commercialization strategy; that the collaboration will allow Aduro to explore a next-generation technology that can help bridge the gap between plastic waste and circularity; and the expectation that the Company will work with NexGen to validate its potential at scale.
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 constructing the NGP HCT pilot plant, and potential challenges in commissioning the plant by Q3 2025; risks related to generating critical data to support the transition to a larger demonstration plant, and the ability to successfully scale up to a demonstration-scale facility designed to process 8,000 tons per year; risks associated with evaluating critical feasibility factors for site selection, logistics, and feedstock supply, including data on material characterization, volume, and cost; reliance on NexGen’s industry experience and resources to support and expedite the process; potential challenges in collaborating effectively with NexGen to advance the implementation of the commercialization strategy; and risks related to validating the potential of the next-generation technology at scale, including unforeseen technical issues, regulatory hurdles, and other factors beyond the control of the parties.
Collaboration will support feedstock logistics, site selection and regulatory planning as Aduro plans for demonstration plant deploymentLONDON, Ontario, March 13, 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, today announced the signing of a Memorandum of Understanding ("MOU”) with NexGen Polymers ("NexGen”).
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Author / Journalist: Aduro Clean Technologies Inc.
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