LONDON, Ontario, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced participation in a series of industry conferences and trade programs in March and April 2026. These events provide multiple platforms to engage stakeholders across ...

Core Insights - Aduro Clean Technologies Inc. has commenced initial operating campaigns at its Next Generation Process Pilot Plant in London, Ontario, marking a significant transition from project execution to operations [1][3]. Group 1: Operational Transition - The NGP Pilot Plant has successfully completed commissioning activities across all major systems, including process, utilities, automation, and safety systems, allowing for the start of structured operating campaigns [3][4]. - The facility is designed as an integrated process unit, focusing on continuous operation and structured campaigns aimed at data generation and optimization [4][8]. Group 2: Development of FOAK Facility - The NGP Pilot Plant serves as a critical technical bridge to the First-of-a-Kind (FOAK) industrial plant, with site selection completed and equipment evaluation ongoing to inform design decisions [5][8]. - Data generated from the NGP Pilot Plant operations will directly contribute to the engineering and planning for the FOAK facility [5][8]. Group 3: Operational Readiness and Team Development - Aduro has expanded its operations and technical teams, completing a structured training program for Pilot Plant operators to ensure full operational readiness for extended testing [6][8]. - The automation and controls architecture provided by Siemens supports high-resolution data collection and repeatable operations, essential for scaling up to larger facilities [6][8]. Group 4: Performance and Validation - Initial operating campaigns at the NGP Pilot Plant are performing to expectations, with planned trials focused on refining operating parameters for optimal yield across variable feedstocks [8][9]. - The company is well-positioned to generate operational and environmental performance data that will support its commercialization program [8].

Core Insights - Agilyx, LyondellBasell, and ExxonMobil have entered into a strategic realignment agreement, influenced by Agilyx's decision to restructure its operations to focus on European investments [3][5] - Agilyx plans to assume full ownership of Cyclyx International by March 25, 2023, as part of its restructuring efforts [7] Company Developments - Agilyx, originally founded in 2004 as Plas2fuel, specializes in pyrolysis technologies for converting plastic waste into liquid fuel and has expanded its operations to include a chemical recycling facility for polystyrene [4] - The restructuring aims to reduce capital expenditure and eliminate significant standalone operating costs, allowing Agilyx to concentrate on its European expansion [5] Financial Implications - Agilyx is currently incurring costs of approximately $32.7 million for a long-term lease on a circularity center in the Dallas-Fort Worth area, although it may consider subleasing the facility [6] - The planned circularity center in Dallas-Fort Worth will be fully owned by Agilyx, while ExxonMobil and LyondellBasell will jointly own the Houston circularity center [7]

Core Viewpoint - Aduro Clean Technologies Inc. has selected Chemelot Industrial Park in the Netherlands for its planned industrial scale-up facility, which will utilize Hydrochemolytic Technology for the chemical recycling of waste plastics, marking a significant step towards commercial operation [1][2]. Company Overview - Aduro Clean Technologies is focused on transforming lower value feedstocks, such as waste plastics and heavy bitumen, into valuable resources using patented water-based technologies [10]. - The company's Hydrochemolytic™ technology operates at relatively low temperatures and costs, aiming to convert low-value feedstocks into resources for the 21st century [10]. Facility Details - The planned facility will be a First-of-a-Kind (FOAK) industrial plant with an initial processing capacity of approximately 10,000 tonnes per year, with potential for phased expansion [7]. - The site selection process involved extensive due diligence across multiple candidate locations, ultimately choosing Chemelot for its technical, industrial, and strategic advantages [5][6]. Chemelot Industrial Park - Chemelot is a leading integrated chemical industry cluster in Europe, featuring shared utilities and a centralized wastewater treatment system, which supports efficient industrial project development [3]. - The site aims to transition towards a climate-neutral, circular chemistry and materials site, focusing on increasing the use of non-fossil and circular feedstocks [3][12]. Ecosystem and Innovation - Brightlands Chemelot Campus, located within Chemelot, serves as an open-innovation ecosystem that supports technology development and industrial implementation [4]. - Aduro has been part of the Brightlands ecosystem since 2021, contributing to its European technology development activities [4]. Strategic Importance - The selection of Chemelot aligns with the company's goal to transition from pilot-scale validation to a fully operational industrial facility capable of producing commercially relevant outputs [8]. - The facility is expected to enhance the existing ecosystem at Chemelot, contributing to the development of scalable circular feedstock routes [9].

Core Insights - Aduro Clean Technologies Inc. has reported significant operational and financial milestones in its interim condensed consolidated financial results for the second fiscal quarter of 2026, highlighting advancements in its clean technology initiatives and capital position [1][2]. Financial Highlights - Quarterly revenue for Q2 2026 was CAD $122,706, representing a 222% increase compared to CAD $38,143 in Q2 2025. Year-to-date revenue for the six months ending November 30, 2025, was CAD $167,206, an 80% increase from CAD $93,143 during the same period in 2024 [5][6]. - Loss from operations for Q2 2026 was CAD $(6,461,987), a 107% increase from CAD $(3,114,712) in Q2 2025. Year-to-date loss for the six months ending November 30, 2025, was CAD $(12,787,005), a 129% increase from CAD $(5,577,244) in the same period of 2024 [5][6]. - Adjusted EBITDA for Q2 2026 was CAD $(3,299,026), compared to CAD $(1,887,750) for Q2 2025. Year-to-date adjusted EBITDA for the six months ending November 30, 2025, was CAD $(5,553,410), compared to CAD $(3,634,498) for the same period in 2024 [5][6]. Operational Highlights - The commissioning of the Next Generation Process Pilot Plant has commenced, with significant progress made in construction and system integration, preparing for operational readiness [7][8]. - A non-binding letter of intent was executed for the acquisition of a brownfield industrial site in the Netherlands, with a proposed purchase price of €2 million, aimed at establishing a Demonstration Plant [10][12]. - Engineering trials using industrial-scale equipment have been initiated as part of the Demonstration Plant program, focusing on processing contaminated and mixed waste plastics [14]. Capital Position - The company completed a U.S. public offering, raising approximately USD $20 million, which will primarily support the Demonstration Plant program and ongoing research and development [2][18]. - As of November 30, 2025, the company maintained a strong cash position of CAD $13.04 million, an increase from CAD $6.96 million in Q4 2025 [5][6]. Strategic Collaborations - Aduro entered into a multi-year framework collaboration agreement with ECOCE in Mexico to evaluate the application of Hydrochemolytic™ Technology using real post-consumer materials [19]. - The company successfully completed its participation in the Shell GameChanger program, which focused on evaluating Hydrochemolytic™ Technology within Shell's Chemical Decarbonization initiative [20].

Core Insights - Aduro Clean Technologies Inc. has reported significant operational and financial milestones in its interim condensed consolidated financial results for the second quarter of fiscal 2026, highlighting advancements in its clean technology initiatives and capital position [1][2]. Financial Highlights - Quarterly revenue for Q2 2026 was CAD $122,706, representing a net increase of 222% compared to CAD $38,143 in Q2 2025. Year-to-date revenue for the six months ending November 30, 2025, was CAD $167,206, an 80% increase from CAD $93,143 during the same period in 2024 [5][7]. - Loss from operations for Q2 2026 was CAD $(6,461,987), a 107% increase from CAD $(3,114,712) in Q2 2025. Year-to-date loss for the six months ending November 30, 2025, was CAD $(12,787,005), a 129% increase from CAD $(5,577,244) in the same period of 2024 [5][7]. - Adjusted EBITDA for Q2 2026 was CAD $(3,299,026), compared to CAD $(1,887,750) for Q2 2025. Year-to-date adjusted EBITDA for the six months ending November 30, 2025, was CAD $(5,553,410), compared to CAD $(3,634,498) for the same period in 2024 [5][7]. Operational Developments - The commissioning of the Next Generation Process Pilot Plant has commenced, marking a transition from construction to operational phases, with significant milestones achieved in collaboration with engineering partners [8][9][10]. - Aduro has initiated a Demonstration Plant program, including a non-binding letter of intent for acquiring a brownfield industrial site in the Netherlands for €2 million, which is under evaluation for its potential as a future plant location [11][13]. - The company has begun engineering trials using industrial-scale equipment to support the Demonstration Plant program, focusing on processing contaminated and mixed waste plastics [15]. Capital Position - Aduro strengthened its capital position with a U.S. public offering that raised approximately US$20 million, intended to support the Demonstration Plant program and ongoing research and development [2][19]. - As of November 30, 2025, the company maintained a strong cash position of CAD $13.04 million, up from CAD $6.96 million in Q4 2025 [5][7]. Strategic Collaborations and Engagements - Aduro entered into a multi-year collaboration agreement with ECOCE in Mexico to evaluate the application of its Hydrochemolytic™ Technology on post-consumer materials [20]. - The company participated in various investor and technical conferences globally, enhancing its engagement with stakeholders in the chemicals, plastics, and recycling sectors [17][18].

Core Insights - Aduro Clean Technologies Inc. has successfully graduated from the Shell GameChanger program, marking a significant milestone in the development of its Hydrochemolytic™ Technology (HCT) aimed at decarbonizing the chemical sector [1][5] Group 1: Technology Development - The Hydrochemolytic™ Technology was recognized for its potential to produce high-quality hydrocarbons from mixed waste plastics, providing a promising route for decarbonization in chemical manufacturing [2] - Technical evaluations demonstrated that the patented chemistry achieved over 80 percent liquid hydrocarbons with reduced gas and char formation, indicating advantages in feedstock flexibility and process efficiency [3] - The technology is capable of converting complex, contaminated waste plastics into high-quality liquid hydrocarbons using readily available industrial equipment, supporting the transition to a circular economy [4] Group 2: Program Outcomes - Graduation from the Shell GameChanger program confirms the successful validation of Aduro's process-design model, enhancing confidence in scaling up from a continuous flow reactor to a Next Generation Process Pilot Plant and future Demonstration Plant [4][5] - The collaboration with Shell provided insights that are instrumental for optimizing process performance and the engineering design of the Demonstration-scale facility, which is targeted for an input capacity of approximately 8,000 tonnes per year [4] Group 3: Future Plans - Aduro plans to maintain communication with Shell to provide updates on the operations of its newly commissioned Pilot Plant and progress towards the Demonstration-scale facility [5] - The company is focused on advancing its Hydrochemolytic Technology and preparing for commercialization, following the successful conclusion of the external validation process [5]

Core Insights - Aduro Clean Technologies has successfully completed pilot-scale steam-cracking trials, demonstrating that its Hydrochemolytic™ oil can be processed without hydrotreatment or dilution, yielding olefins comparable to conventional feedstocks, indicating its potential as a drop-in circular feedstock for steam crackers [1][5][6] Company Overview - Aduro Clean Technologies is focused on transforming lower-value feedstocks, such as waste plastics and heavy bitumen, into valuable resources using patented water-based technologies [9] Technology Validation - The trials conducted in October 2025 at a pilot-scale facility in Europe used a hydrocarbon liquid product derived from mixed waste plastics, confirming the Hydrochemolytic™ oil's suitability for stringent steam-cracker feedstock specifications without costly post-treatment [4][5] - The technology achieves a higher saturation rate and lower impurity content compared to traditional chemical recycling processes, which often require extensive sorting and upgrading [3][4] Economic and Environmental Impact - The ability to use Hydrochemolytic™ oil without additional hydrotreatment or dilution simplifies the processing pathway, potentially reducing capital investment and operational expenses for downstream operators, thereby improving project economics [5][6] - The findings suggest that the technology can help bridge the gap between waste plastic sources and the production of new, virgin-quality plastics, enhancing both economic and environmental models [6][7] Future Directions - Aduro plans to collaborate with global partners to further evaluate feedstock quality, scalability, and integration pathways for its Hydrochemolytic™ Technology, marking a significant step in its commercialization pathway [8][9]

Core Insights - Aduro Clean Technologies Inc. is progressing with the commissioning of its Next Generation Process (NGP) Pilot Plant, which is crucial for validating its Hydrochemolytic™ Technology and preparing for future scale-up [1][3][7] Commissioning Progress - The NGP Pilot Plant has advanced from Phase 1 to Phase 2 commissioning, with Phase 1 focusing on assembly and installation of major systems, and Phase 2 concentrating on integrated operations and process tuning [4][5][8] - All major systems, including the extruder and automation controls, are now installed and undergoing staged commissioning [8] - The commissioning roadmap is structured, with activities planned to continue through November and into mid-December 2025 [5][8] Key Partnerships - Zeton Inc. and Siemens Canada are key partners in the commissioning phase, providing engineering, fabrication, and automation support [6][9] - The collaboration with these partners is essential for ensuring reliable process performance and data acquisition during the commissioning [6][9] Technology and Future Plans - The Hydrochemolytic™ Technology aims to transform lower-value feedstocks into valuable resources, operating at relatively low temperatures and costs [10] - The data and experience gained from the Pilot Plant will inform the design and commissioning of a future Demonstration Plant with an initial capacity of 8,000 tons per year [3][9]

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]