Aduro Clean Technologies Signs Non‑Binding LOI for Demonstration Plant Site in Europe

Core Viewpoint - Aduro Clean Technologies Inc. has executed a non-binding Letter of Intent for the purchase of a brownfield industrial site in the Netherlands for €2 million, aimed at advancing its Demonstration Plant program [1][2][10] Group 1: Transaction Details - The company will pay a non-refundable fee of €33,782 for exclusive use of the property during the due diligence period [2] - The due diligence period ends on January 15, 2026, with a targeted closing date on or before February 28, 2026 [5][8] - The proposed site is strategically advantageous due to existing infrastructure, which is expected to reduce project risk and capital requirements [6][8] Group 2: Demonstration Plant Program - The site is being evaluated as a potential host for Aduro's Demonstration Plant, marking a key step in scaling up from the Next Generation Process Pilot Plant [2][4] - The company aims to finalize site selection by January 2026, with the Demonstration Plant targeted for readiness by early 2027 [5][8] - The site has the potential for future expansion to a capacity of up to 25,000 tonnes per year [6][8] Group 3: Strategic Advantages - The Netherlands offers a favorable environment for Aduro's growth, with established waste management systems and a high concentration of liquid steam crackers [7][9] - The European Union's Packaging and Packaging Waste Regulation is tightening recyclability obligations, which supports demand for certified circular feedstocks [7] - The area benefits from a mature circular plastics ecosystem, providing access to skilled labor and downstream offtake pathways [9] Group 4: Company Technology and Vision - Aduro's Hydrochemolytic™ technology utilizes water as a key agent in a low-temperature chemistry platform, converting low-value feedstocks into valuable resources [11] - The company emphasizes a structured approach to site selection and project execution, aiming to reduce execution risk and enhance process integration [10]