{"id":2760,"date":"2022-06-30T07:00:24","date_gmt":"2022-06-30T06:00:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/aduro-clean-technologies-to-present-at-upcoming-conferences-2\/"},"modified":"2023-08-09T14:39:56","modified_gmt":"2023-08-09T13:39:56","slug":"aduro-expands-and-upgrades-lab-facilities-to-accelerate-research-and-scale-up-capabilities","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/all-posts\/aduro-expands-and-upgrades-lab-facilities-to-accelerate-research-and-scale-up-capabilities\/","title":{"rendered":"Aduro Expands and Upgrades Lab Facilities to Accelerate Research and Scale-Up Capabilities"},"content":{"rendered":"<p>Company: Aduro Clean Technologies<br \/>\nListings:CSE,\u00a0OCTQB,\u00a0FSE<br \/>\nTickers:\u00a0ACT, ACTHF, 9D50<br \/>\nMarket cap at time of publication: 36,7 $ MCAD \/ 28 MUSD<br \/>\nStock price at time of publication: $0.75 CAD \/ 0.58 USD<br \/>\nBusiness: Plastic recycling, bitumen upgrading, Renewable diesel &amp; Aviation fuel<br \/>\nWebsite: https:\/\/adurocleantech.com\/<br \/>\nComparable Peers<br \/>\nPurecycle\u00a0 $PCT<br \/>\nClean Energy fuels $CLNE<br \/>\nAgilyx\u00a0 $AGLX<\/p>\n<p>&nbsp;<\/p>\n<p align=\"justify\">SARNIA, Ontario, June 29, 2022 (GLOBE NEWSWIRE) &#8212;\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wqIGSLBDk_7oni5KP-GpmpxOhagPQuVn5yObzp-JHCCifXMWHL3g01gYNYBkCEihBvu5j5PNbmGsrTku9oaCcOZASEY-YfI7UN1fho7-U7Q=\" target=\"_blank\" rel=\"nofollow noopener\"><strong><u>Aduro Clean Technologies<\/u><\/strong><\/a><strong>\u00a0Inc.<\/strong>\u00a0(\u2018Aduro\u2019 or the \u2018Company\u2019) (CSE:<strong>\u00a0ACT<\/strong>) (OTCQB:\u00a0<strong>ACTHF<\/strong>) (FSE:\u00a0<strong>9D50<\/strong>),\u00a0a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, announces the expansion of its laboratory facilities to accelerate its research and scale-up capabilities and to increase its capacity to host potential customer trials and demonstrations.<\/p>\n<p align=\"justify\">The expanded lab is in the Newbold Business Park in London Ontario. The multi-tenant complex is zoned light industrial. The 4,371 ft<sup>2<\/sup>\u00a0facility will accommodate renovated offices, modern laboratory space, new additional analytical equipment, and will host the bench scale Hydrochemolytic\u2122 continuous flow plastic upcycling reactor (\u201cR2 Plastics\u201d).<\/p>\n<p align=\"justify\">The Company has engaged\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uGKyj7lIxeD4TfV2NpapOUb_4LzXncheo1gGKGHLqBLaQ9Kn7QIvonmyILArn9rUvxuIWSC0o0fja5JOaBjxVIzkzNTU9KA8Yl7vaK9x28Q=\" target=\"_blank\" rel=\"nofollow noopener\">Rally Engineering Inc<\/a>. and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9m5AEmx-aUwYX69t1S8Uk7zcm4QXdUMPiz0iG1_ge-dBUwqkdGjOmuchDPUDDY1pnP5Nh0YC6uXmwD3-ptVfyRZqMJ4u2R7LcT4F0L86xbM=\" target=\"_blank\" rel=\"nofollow noopener\">Endri Poletti Architect Inc<\/a>. to facilitate the needs assessment, design and space planning, engineering, site permitting, project management and construction administration of the new facility. This new facility will more than double the size of Aduro\u2019s research footprint and is slated for completion in late Summer 2022.<\/p>\n<p align=\"justify\">The new space will be dedicated to:<\/p>\n<ul type=\"disc\">\n<li>Operating long duration tests on a variety of feedstocks.<\/li>\n<li>Analyzing and optimizing off-take product streams.<\/li>\n<li>Hosting Customer Trials and Demonstrations; and<\/li>\n<li>Core research and development of the Hydrochemolytic\u2122 technology to further expand the patent portfolio<\/li>\n<\/ul>\n<p align=\"justify\">In line with the company\u2019s strategy for early-stage customer engagement via the established Customer Trial Program, the facility will begin to host customers following the setup, testing, and commissioning of the R2 Plastics reactor expected in early Q4 2022.<\/p>\n<p align=\"justify\">&#8220;The new laboratory will strengthen our ability to accelerate our technology development and support our customer engagement program,\u201d said Ofer Vicus, Aduro\u2019s Chief Executive Officer. \u201cThe opportunity to engage customers and work directly on their varying waste feedstock aligns our understanding with the current and evolving market needs and provides the opportunity to build a pipeline for future projects and commercial engagements.\u201d<\/p>\n<p align=\"justify\">The Company also announces it has entered into an investor relations agreement with Investment Publishing LLC to provide financial consulting and investor relations services. The consulting agreement provides for a fee of $8,000 CAD per month. The term of the services commences on June 30, 2022, and will continue on a monthly basis for a period of 12 months. Either party may terminate the agreement by providing 30 days\u2019 written notice. The principal of Investment Publishing LLC was previously granted 150,000 stock options of the Company pursuant to an advisory agreement for his services as a consultant, which was announced by the Company on June 20, 2022. The options vest monthly in equal instalments over 12 months.<\/p>\n<p><strong>About Aduro Clean Technologies<\/strong><\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wqIGSLBDk_7oni5KP-GpmpxOhagPQuVn5yObzp-JHCBxll3vHDsUv1pKEbMuew94TPEgIJQg9Pq_KS1ROuTlK8gR4QkJ43yUcRrXn6Bh5p8=\" target=\"_blank\" rel=\"nofollow noopener\">Aduro Clean Technologies<\/a>\u00a0is 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\u2019s Hydrochemolytic\u2122 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\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LsY4sv8d2NXNWG7DefQ1GF4MVmgS42jlD3ROMMWnua1I1L9gompB-mEK5MxEomil0WX5OBvtasGWXWzj770B78IXu-Cu4tFmFmkiDfEo9uU=\" target=\"_blank\" rel=\"nofollow noopener\"><u>Bioindustrial Innovation Canada<\/u><\/a>, the company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil.<\/p>\n<p><strong>Legal Disclaimer<\/strong><br \/>\n<strong>We own shares of this company personally.<\/strong><br \/>\n<strong>Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.<\/strong><br \/>\n<strong>Companies may or may not be paying us for content posted on this website.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company: Aduro Clean Technologies Listings:CSE,\u00a0OCTQB,\u00a0FSE Tickers:\u00a0ACT, ACTHF, 9D50 Market cap at time of publication: 36,7 $ MCAD \/ 28 MUSD Stock price at time of publication: $0.75 CAD \/ 0.58 USD Business: Plastic recycling, bitumen upgrading, Renewable diesel &amp; Aviation fuel Website: https:\/\/adurocleantech.com\/ Comparable Peers Purecycle\u00a0 $PCT Clean Energy fuels $CLNE Agilyx\u00a0 $AGLX &nbsp; SARNIA, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2599,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,148,128],"tags":[],"class_list":["post-2760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aduro-clean-technologies","category-all-posts","category-reports-news-interviews"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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