Aduro Clean Technologies Inc. (ACTHD-OTCQX)

Aduro Clean Technologies Inc. (“Aduro” or “the Company”) is a Canadian company that has discovered a chemical reaction platform that is able to break down and transform large hydrocarbon materials, such as plastic waste or bitumen, to more valuable products for use in fuels, new plastics, or other chemicals. The Company’s proprietary platform—Hydrochemolytic™ Technology (HCT)—is highly versatile, with Aduro targeting three important commercial sectors: (1) Hydrochemolytic Plastic Upcycling: recycling of plastic waste to chemical feedstock for new plastic and other chemicals production; (2) Hydrochemolytic Bitumen Upgrading: upgrading of heavy oil and bitumen to readily transportable crude oils without the use of diluents; and (3) Hydrochemolytic Renewables Upgrading: converting animal or vegetable oils to renewable fuels and chemical feedstock. HCT offers several fundamental advantages over competing technologies. For example, the use of HCT in plastic recycling applications: (1) provides greater tolerance for contaminants, allowing the use of cheaper and more available feedstocks; (2) requires much less chemical post-treatment; and (3) results in a high yield of valuable product. In addition, because the process operates at lower temperatures, the energy demand is lower, saving on energy and emissions. For bitumen upgrading, HTC greatly reduces the use of diluents otherwise needed to transport the bitumen, allowing higher transport capacity and avoiding the costly premiums required to obtain the diluents. For the past few years, the Company’s focus has been on scaling-up its technology from lab-scale batch reactors (R1) into a continuous flow processing unit (R2) for both its plastic upcycling and its bitumen upgrading applications. With those goals achieved, the Company is now focused on its commercialization goals through its revenue generating Customer Engagement Program (CEP), as well as the development of its pre-commercialization scale Next Generation Process (NGP) reactor.

* Updated on August 20, 2024.

NOTE: The Company's share consolidation, effective August 20^th, temporarily changed Aduro's OTCQX ticker to ACTHD for 20 business days, after which it  will revert to ACTHF.