Company: Aduro Clean Technologies
Listings:CSE, OCTQB, FSE
Tickers: ACT, ACTHF, 95DO
Market cap at time of publication: 37 $ MCAD / 29 MUSD
Stock price at time of publication: $0.77 CAD / 0.59 USD USD
Business: Plastic recycling, bitumen upgrading, Renewable diesel & Aviation fuel
Target price: See price target estimate at end of article
Comparable Peer evaluations:
Clean Energy fuels 1,25 BUSD
Agilyx 278 MUSD
SARNIA, ON / ACCESSWIRE / February 2, 2022 / Aduro Clean Technologies Inc.(“Aduro” or the “Company“) (CSE:ACT)(OTCQB:ACTHF)(FSE:9D50), a Canadian developer of patented water-based technologies to chemically recycle plastics, and to transform heavy crude and renewable oils into new-era resources and higher-value fuels, will attend the eighth annual AlphaNorth Capital Conference from March 25-27, 2022.
The AlphaNorth Capital Conference provides an opportunity for growing companies like Aduro to meet with top-level capital finance firms and present their investment opportunities through a day of scheduled one-on-one meetings.
The Aduro team will be discussing the advantages of its proprietary Hydrochemolytic™ chemical conversion technology. Aduro recently received independent validation proving completion of work demonstrating the viability of its technology in the types of continuous-flow reactors commonly used in commercial applications. These results will inform the next phase of activity for Aduro to scale the technology for pilot plants, pre-commercial deployments, and, eventually, full-scale commercial systems.
Aduro will also discuss its pending partnership with Brightlands Chemelot Campus, an international shared innovation community located in Limburg, the Netherlands. The objective of this partnership is to complete an installation that applies Aduro Hydrochemolytic™ technology to demonstrate, on a tons per day scale, the conversion of polyethylene waste to useful feedstock for chemical processes.
Additionally, Aduro will discuss its activity with Switch Energy, a recycler and operator participating in Canada’s agricultural & industrial film recycling program by owning and operating the largest collection program for agricultural waste in the province of Ontario. The goal of these discussions is to develop a framework whereby the two companies can work together to design, build, install, and operate a pilot plant to process waste polyethylene and other types of waste plastics, such as polypropylene.
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 activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil.
We plan to subscribe for shares of this company personally in the current private placement.
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