Aduro Clean Technologies Inc(ADUR)
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Aduro Clean Technologies Reports First Quarter Fiscal 2026 Results and Provides Business Update
Globenewswire· 2025-10-16 11:00
Core Insights - Aduro Clean Technologies Inc. is advancing towards commercial readiness with significant progress in the construction of its Next Generation Process (NGP) Pilot Plant and the initiation of commissioning activities [2][16][17] - The company has strengthened its financial position through a public offering, raising approximately US$9.2 million, which will support ongoing projects and research initiatives [8] - The first quarter of fiscal 2026 showed a decrease in revenue and an increase in operational losses, attributed to higher non-cash expenses and increased R&D activities [6][7] Financial Highlights - Revenue for Q1 FY2026 was CAD $44,500, a 19% decrease from CAD $55,000 in Q1 FY2025 [6][7] - Loss from operations was CAD $6,325,018 for Q1 FY2026, compared to CAD $2,462,532 for Q1 FY2025, marking a 157% increase [6][7] - Adjusted EBITDA for Q1 FY2026 was CAD $(2,254,384), compared to CAD $(1,746,748) for Q1 FY2025, reflecting a 29% increase in losses [6][7] Operational Developments - The NGP Pilot Plant is entering the commissioning phase, with significant milestones achieved in construction and system integration [16][17][18] - The company has initiated a global site-selection process for its planned Demonstration Plant, focusing on locations in Canada, Europe, and Mexico [2][21] - Testing of synthetic turf waste as a feedstock for the Hydrochemolytic™ Technology has been completed, demonstrating the technology's adaptability [13] Leadership and Strategic Initiatives - Aduro appointed David Weizenbach as Chief Operating Officer to enhance operational execution and support the commissioning of the NGP Pilot Plant [9] - The company has engaged in industry collaborations, joining the Plastics Industry Association and the Polystyrene Recycling Alliance to advance recycling solutions [11] - A marketing and investor awareness program has been launched to increase brand visibility and stakeholder engagement [14][15] Subsequent Events - The commissioning of the NGP Pilot Plant began in September 2025, transitioning from construction to operational readiness [17][18] - The company participated in various investor and technical conferences to update stakeholders on its progress and technology [19][20]
Aduro Clean Technologies to Participate in the 51st Annual New Orleans Investment Conference
Globenewswire· 2025-10-14 11:00
Company Overview - Aduro Clean Technologies Inc. is a clean technology company focused on transforming lower-value feedstocks such as waste plastics, heavy bitumen, and renewable oils into valuable resources for the 21st century [1][3] - The company utilizes patented water-based technologies, including its Hydrochemolytic™ Technology, which operates at relatively low temperatures and costs, making it a game-changing approach in the industry [3] Conference Participation - Aduro will participate as a Gold Sponsor at the 51st Annual New Orleans Investment Conference, scheduled for November 2-5, 2025 [1][2] - The company will present on November 4, 2025, at 10:50 AM and will have an exhibition booth (Booth 320) [2] - The conference is known for attracting sophisticated retail and institutional investors, featuring keynote speakers, panel discussions, and networking opportunities focused on macro trends, commodities, energy, precious metals, and emerging technologies [2] Investor Engagement - The management team of Aduro will be available for one-on-one meetings with investors during the conference, providing an opportunity to discuss the company's strategy, technology development, and upcoming milestones [3] - On-site meeting space will be available throughout the conference for these discussions [3]
Aduro Clean Technologies Advances Demonstration Plant Program; Begins Global Site Selection Project
Globenewswire· 2025-10-09 11:00
Core Insights - Aduro Clean Technologies Inc. has initiated a global site-selection process for its Demonstration Plant program, focusing on locations in Canada, Europe, and Mexico [1][2] - The Next Generation Process (NGP) Pilot Plant is on schedule, validating technical aspects for scale-up and optimizing key parameters [2][4] - A multidisciplinary team is efficiently progressing through the site-selection project, with a shortlist of candidate locations expected by the end of the year [3][4] Site Selection Criteria - The site selection is crucial for jurisdictional permitting, economic modeling, and ensuring access to reliable feedstock supply [2][4] - Standardized evaluation criteria include: - Feedstock and logistics alignment: proximity to waste-plastic supply and efficient transport networks [6] - Offtake and market connectivity: regional demand for recycled intermediates and compliance with Extended Producer Responsibility (EPR) programs [6] - Mass balance readiness: ability to implement certified chain-of-custody systems for circular content claims [6] - Regulatory and permitting pathways: frameworks governing environmental approvals and recycling legislation [6] - Incentives and local support: availability of industrial development incentives and community engagement [6] - Utilities and infrastructure: necessary energy, water, and transport links for operations [6] - Future expansion: sites accommodating growth from 8,000 tonnes per year to 16,000-20,000 tonnes per year [6] Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics and converting heavy crude into valuable oil [5] - The Hydrochemolytic™ Technology operates at low temperatures and costs, transforming low-value feedstocks into valuable resources [5]
EXCLUSIVE: Aduro Clean Advances Site Selection Across Canada, Europe, Mexico For Demonstration Plant Program
Yahoo Finance· 2025-10-09 10:45
Core Insights - Aduro Clean Technologies Inc. has initiated a global site-selection process for its Demonstration Plant program, targeting locations in Canada, Europe, and Mexico [1][4] - The company focuses on patented water-based technologies for recycling waste plastics and converting heavy crude into lighter oil [1] - The Next Generation Process (NGP) Pilot Plant is on schedule, validating technical aspects for scale-up and optimizing parameters [2][3] Site Selection Process - The site-selection project is progressing, with a shortlist of candidate locations expected by the end of the year [4] - The CEO emphasized that advancing site selection is crucial for detailed permitting and economic modeling, considering factors like feedstock access and regional incentives [4] Financial Activity - In June, Aduro Clean priced a public offering of 947,868 shares and warrants, with a combined offering price of $8.44 per common share [4] - The stock price of ADUR increased by 2.01% to $17.29 during the premarket session [5]
Aduro Clean Technologies to Participate in the LD Micro Main Event XIX Conference
Globenewswire· 2025-10-07 11:00
Core Points - Aduro Clean Technologies Inc. announced participation in the LD Micro Main Event XIX Conference in San Diego from October 19-21, 2025 [1] - The conference is a significant independent investment event, featuring presentations and networking opportunities for growth-stage businesses [2] - Aduro's management will hold one-on-one meetings with investors to discuss the company's strategy and technology development [3] Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics and converting heavy crude into lighter oil [4] - The company's Hydrochemolytic™ Technology utilizes water as a key agent, operating at low temperatures and costs, transforming low-value feedstocks into valuable resources for the 21st century [4]
Aduro Clean Technologies to Present at Leading Industry Events in October
Globenewswire· 2025-10-02 11:00
Core Insights - Aduro Clean Technologies Inc. is participating in key industry events in October 2025 to showcase its innovative technology and engage with stakeholders in the circular economy [1][2] Group 1: Upcoming Events - K 2025 Conference will take place from October 8-15, 2025, in Düsseldorf, Germany, focusing on plastics and rubber innovation, where Aduro will highlight its Hydrochemolytic™ Technology [3] - The 10th Edition of Sustainability in Packaging Europe is scheduled for October 21-23, 2025, in Barcelona, Spain, where Aduro will present on recycling viability and exhibit its technology [4] - Ontario Chemistry & Plastics Day is set for October 22, 2025, in Toronto, Ontario, featuring discussions on advancing a circular plastics economy, with Aduro participating in a panel [5] Group 2: Technology and Commitment - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics and converting heavy crude into valuable oil, emphasizing its Hydrochemolytic™ Technology [7][8] - The company's approach operates at relatively low temperatures and costs, aiming to transform low-value feedstocks into valuable resources for the 21st century [8]
Aduro Clean Technologies Europe Joins Dutch Trade Delegation at Expo 2025 Osaka Japan
Globenewswire· 2025-09-16 11:00
Core Insights - Aduro Clean Technologies Inc. is participating in the Dutch trade delegation to Japan, focusing on innovative chemical recycling and sustainable chemistry [1][2][3] - The mission aims to promote international collaboration in energy transition and circular economy, coinciding with Expo 2025 Osaka [2][3] - Japan's commitment to recycling and decarbonization presents a significant market opportunity for Aduro, as the country actively invests in advanced chemical recycling [3][4] Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for chemically recycling waste plastics and converting heavy crude into valuable oil [6] - The company's Hydrochemolytic™ Technology operates at low temperatures and costs, transforming low-value feedstocks into valuable resources [6] Strategic Engagement - Aduro Europe will present Hydrochemolytic™ Technology and recent development progress during the trade mission, aiming to establish partnerships in Asia [4][5] - The company's CEO emphasizes the importance of this engagement for strengthening relationships in Asia and advancing commercial pathways for Hydrochemolytic™ Technology [5]
Aduro Clean Technologies to Participate in September Technical Conferences Across Europe and North America
Globenewswire· 2025-09-10 11:00
Core Insights - Aduro Clean Technologies Inc. is actively participating in a series of technical and industry-focused conferences in September 2025 to showcase its Hydrochemolytic™ Technology and engage with stakeholders across various sectors [1][2] Group 1: Conference Participation - Aduro will present advancements in its Hydrochemolytic™ Technology at the Pyroliq III 2025 conference, which focuses on pyrolysis and liquefaction of biomass and wastes [3] - At the Chemical Recycling Europe Forum 2025, Aduro will engage with industry leaders and policymakers to discuss the role of chemical recycling in a circular economy [4] - The company will also exhibit and present its technology at the International Refining & Petrochemical Conference (IRPC) 2025, targeting refiners and petrochemical companies [5] Group 2: Technology and Strategy - Hydrochemolytic™ Technology is a patented water-based process that converts low-value feedstocks, such as waste plastics and heavy bitumen, into valuable resources [8] - The company's strategy emphasizes engagement across the full value chain to drive the transition to a circular economy, enhancing visibility and recognition among stakeholders [6]
Aduro Clean Technologies (NasdaqCM:ADUR) FY Conference Transcript
2025-09-09 17:00
Summary of Aduro Clean Technologies FY Conference Call Company Overview - **Company Name**: Aduro Clean Technologies (NasdaqCM: ADUR) - **Industry**: Chemical Recycling - **Founded**: 2011 - **Public Listing**: Uplisted to CSC in April 2021 and to Nasdaq on November 7, 2025 [4][5][37] Core Technology and Market Position - **Technology**: Aduro's platform technology focuses on chemical recycling, particularly in upgrading heavy oil and recycling plastics without the need for hydrogenation, termed "chemolysis" [3][6][11] - **Intellectual Property**: The company holds approximately 10 patents, with 7 granted and 3 pending, indicating a strong position in a competitive market [6][7] - **Market Size**: The chemical recycling market is vast, with Aduro targeting the 49% of plastic waste that ends up in landfills, representing a significant opportunity [15][16] Competitive Advantages - **Lower Energy Requirements**: Aduro's technology operates in a lower energy mode compared to competitors, allowing for higher yields and the ability to process more contaminated feedstock [11][12] - **Cost Efficiency**: The company can source lower-value feedstock at around $200 per ton, compared to competitors who pay $400 to $600 per ton [17] - **Scalability**: The technology allows for smaller, dedicated units that are more cost-effective and flexible compared to traditional large-scale operations [12][24] Business Model and Revenue Generation - **Licensing and Collaboration**: Primarily a licensing model, but also exploring direct build and operate opportunities to generate revenue before licensing deals are finalized [18][23] - **Pilot and Commercialization Plans**: A pilot machine is set to be operational by late 2025, with plans for larger semi-commercial units to follow [30][32] - **Financial Health**: The company has raised sufficient funds, with a runway of 12 to 24 months, and no debt, indicating a stable financial position [37][38] Industry Dynamics and Partnerships - **Market Competition**: Major players in the chemical recycling space include SABIC, BASF, Honeywell, and Dow Chemical, but Aduro's unique approach positions it favorably against these competitors [10][15] - **Strategic Partnerships**: Collaborations with Fortune 500 companies, including Shell, are underway, focusing on technology evaluation and customization [21][26][29] Environmental Impact - **Sustainability Focus**: The technology aims to reduce environmental impact by processing hard-to-recycle materials and minimizing transportation and sorting needs [42][43] Future Outlook - **Growth Potential**: The company is poised for growth with plans to expand its operations and technology applications across various sectors [19][24] - **Execution Track Record**: Aduro has demonstrated consistent progress over the past three years, building trust with investors through milestone achievements [28][39] Key Financial Metrics - **Cash Position**: As of May 31, 2020, the company had approximately $7 million in cash, with ongoing efforts to maintain a strong financial position [37][38] - **Investment in Technology**: Allocated $5 million for the development of larger scale units, indicating a commitment to advancing its technology [32][41] This summary encapsulates the key points discussed during the conference call, highlighting Aduro Clean Technologies' innovative approach to chemical recycling, competitive advantages, and strategic plans for growth and sustainability.
Aduro Clean Technologies to Participate in September Conferences and Initiates Public Relations Campaign
Globenewswire· 2025-09-04 11:00
Core Insights - Aduro Clean Technologies Inc. is actively participating in several investor and industry events in September 2025 to enhance its brand visibility and industry presence [1] - The company has initiated a public relations campaign with KCSA Strategic Communications to support its communication and marketing efforts [6][7] Event Participation - Aduro will present at the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, providing access to institutional investors and industry leaders [2] - The company will also participate in the Gabelli Funds 3rd Annual PFAS Symposium on September 17, 2025, focusing on market opportunities related to environmental challenges [3] - Aduro is set to represent itself at the Nasdaq New York Climate Week Forum on September 23, 2025, discussing sustainable innovation and climate-focused investments [4] Public Relations Strategy - The KCSA Agreement includes expanded public relations services, such as media relations, ESG positioning, and amplification of technical and commercial milestones [7][8] - KCSA will deliver services across various platforms, including financial news outlets and social media, for a term of six months starting September 8, 2025, at a cost of US$10,000 per month [9]