Aduro Clean Technologies Conference Summary Company Overview - **Company Name**: Aduro Clean Technologies (NasdaqCM:ADUR) - **Industry**: Chemical Technology and Recycling - **Public Listing**: Became public in 2021, listed on NASDAQ in November 2021 [4][39] Core Technology and Unique Selling Proposition - **Technology**: A chemical technology platform that utilizes a unique process to break down molecules without the need for hydrogenation, which is common in the industry [5][6] - **Catalyst Use**: The process uses inexpensive catalysts and operates under lower temperature conditions, making it more energy-efficient compared to traditional methods [5][15] - **Market Position**: Positioned to replace pyrolysis in chemical recycling, with a focus on heavy oil and waste plastic [8][19] Market Dynamics - **Market Size**: The company targets a significant market, with 400 million tons of material produced annually, of which only 9% is currently recycled [18] - **Competitors**: Major competitors control only 1% of the market, indicating a substantial opportunity for Aduro to capture market share [17][24] Business Model and Revenue Generation - **Scalability**: Aduro's operations can scale down to smaller feedstock amounts, allowing them to access materials that larger competitors cannot [20][21] - **Engagement with Fortune 500 Companies**: The company is actively engaging with several Fortune 500 companies for technology testing and potential collaborations [23][30] - **Pilot Projects**: A pilot project is underway, with a commitment to complete a 10 kg/hour machine by October 2025, and plans for a larger 1 ton/hour machine by 2027 [34][42] Financial Position - **Debt-Free**: The company has zero debt and maintains a clean financial structure [39] - **Cash Reserves**: Approximately $15 million in the bank, with $5 million allocated for long lead items [41][52] - **Return on Investment**: Expected ROI is between 5 to 7 years, which is considered favorable in the industry [53] Environmental Impact - **Sustainability**: The technology aims to reduce emissions and improve recycling efficiency, with a focus on creating oil that can be used to produce new plastics, promoting circularity [44][51] Future Outlook - **Growth Strategy**: Plans to continue building small-scale operations while preparing for larger commercial applications [25][35] - **Patents**: The company holds 10 patents, indicating a strong intellectual property position [43] Key Takeaways - Aduro Clean Technologies is positioned uniquely in the chemical recycling market with a focus on innovative, cost-effective solutions that do not require hydrogen. - The company is actively engaging with large corporations and has a clear path to scaling operations while maintaining a strong financial position. - The environmental benefits of their technology could lead to significant market opportunities as sustainability becomes increasingly important in the industry.

Group 1 - The core viewpoint of the article highlights a significant breakthrough in a new polyurethane recycling process developed by Dow and Gruppo Fiori, which allows for the recovery of polyurethane materials from scrapped vehicles without disassembly [2][3] - The new process ensures that the purity of the waste material meets the requirements for chemical depolymerization, enabling the production of recycled polyols for new products [2] - Dow has previously made strides in the chemical recycling of polyurethane foam from scrapped vehicles, achieving a closed-loop recycling breakthrough in collaboration with Jaguar Land Rover and Adient, incorporating 20% recycled polyols into new automotive seat products [2] Group 2 - The waste material for this recycling process originates from second-hand polyurethane seat foams from Jaguar Land Rover, which are reprocessed into seat foam by Dow's MobilityScience™ material innovation [3] - Currently, Jaguar Land Rover is fully utilizing this material in its automotive seats and is conducting large-scale testing in pre-production vehicles [3] Group 3 - Dow's chemical recycling technology includes an amine-based depolymerization process that breaks down waste polyurethane into high-concentration dispersions of polyurethanes, ureas, amines, and polyols [4] - This method can recover various polyurethane foams, and the recycled polyols can be reused in multiple polyurethane materials, with up to 30% of recycled polyols being reintegrated into reaction injection molded (RIM) parts [4]