Company: Aduro Clean Technologies
Listings:CSE, OCTQB, FSE
Tickers: ACT, ACTHF, 9D50
Market cap at time of publication:31 $ MCAD / 24 MUSD
Stock price at time of publication: $0.64 CAD / 0.49 USD USD
Business: Plastic recycling, bitumen upgrading, Renewable diesel & Aviation fuel
Website: https://adurocleantech.com/
Comparable Peers
Purecycle $PCT
Clean Energy fuels $CLNE
Agilyx $AGLX
ESGFIRE comment: We are pleased to see that our portfolio company Aduro Clean Technologies has announced their membership in the Canada Plastics Pact (CPP).
The CPP membership is a validation of Aduros comittment to creating a circular economy and a more sustainable future. It adds a strategic partner that will further help Aduro on their path to commercial stage. Other prominent members of the CPP to name a few are: Colgate-Palmolive, Coca Cola Canada and Unilever Canada.
Full press release below:
Sarnia, ON, May 9, 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 transform heavy crude and renewable oils into new-era resources and higher-value
fuels, announces its membership in the Canada Plastics Pact (CPP).
The CPP is part of the Ellen MacArthur Foundation’s global Plastics Pact network, joining other plastics
pacts across the world in a network of national and regional initiatives working towards the vision of a
circular economy for plastics. The CPP brings together businesses, policy makers, and NGOs to work
together and create a national solution to plastic waste and pollution through combined expertise,
collaboration, and a desire to take action.
“Waste plastic is a fast-growing global concern in need of innovative circular solutions that are practical,
sustainable, and capable of driving real social-economic change. Aduro is proud to support the Canada
Plastics Pact, as we strategically partner with industry and all levels of government to focus on
commercialising low-carbon, circular approaches to upcycling plastics. Aduro knows that a circular
economy for plastics is within reach. We look forward to working collaboratively across the value chain to
implement chemical recycling of plastics with our patented Hydrochemolytic™ Technology process,” says
Ofer Vicus, Chief Executive Officer at Aduro.
“Creating a circular economy for plastics packaging in Canada will require a collaborative effort by multiple
stakeholders across the value chain. We are pleased to have Aduro Clean Technologies join the Canada
Plastics Pact as a Signatory Partner, bringing their insight and expertise on how to overcome the
limitations of traditional recycling with their innovative chemical conversion technology,” says Sinead
King, Director of Partnership Engagement at Canada Plastics Pact.
About the Canada Plastics Pact
The Canada Plastics Pact (CPP) is tackling plastic waste and pollution, as a multi-stakeholder, industry-led,
cross-value chain collaboration platform. The CPP brings together Partners who are united behind a vision
of creating a circular economy in Canada in which plastic waste is kept in the economy and out of the
environment. It unites businesses, government, non-governmental organizations, and other key actors in
the local plastics value chain behind clear actionable targets for 2025. The Canada Plastics Pact is a
member of the Ellen MacArthur Foundation’s Global Plastics Pact network. It operates as an independent
initiative of The Natural Step Canada, a national charity with over 25 years experience advancing science,
innovation and strategic leadership aimed at fostering a strong and inclusive economy that thrives within
nature’s limits.
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.
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