Aduro Clean Technologies Aktie

https://mailchi.mp/adurocleantech.com/aduro-clean-technologies-reports-third-quarter-2024-financial-results?e=c8fe32daac

Aduro Clean Technologies Reports Third Quarter 2024 Financial Results

London, Ontario, April 30, 2024 – Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (CSE:ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian 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, has filed its interim consolidated financial results for the three and nine months ended February 29, 2024 and has provided the following highlights. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.


Ofer Vicus, CEO of Aduro, remarked, “Q3 was a pivotal quarter for the Company as we continued to advance our technology and expand our market presence. The strategic initiatives undertaken not only enhance our technological capabilities but also reinforce our ability to expand our customer engagement program and further our relationships with key stakeholders.”


Mena Beshay, CFO of Aduro, added, “In Q3 we achieved record revenue and maintained a strong cash position. Our financial performance this quarter mirrors the strategic advancements and operational success Aduro has achieved. With our strong financial foundation and continued technological innovation, we are optimally positioned to achieve our goals for 2024 and beyond.”


Third Quarter2024 - Financial Highlights

Quarterly revenue of $103,628 was achieved in Q3 2024, an increase of 78%as compared to revenue of $58,290 generated in Q3 2023.

Year-to-date revenue for the nine-months ending February 29, 2024, was$235,266, an increase of 304% as compared to the nine-months ending February28, 2023.


Loss from operations was $2,027,383 for Q3 2024, an increase of 10% as compared to Loss from operations of $1,845,913 in Q3 2023.


Property, plant, and equipment carrying cost as at February 29, 2024, was $3.5 million, representing an increase of $132,334 and $848,361 in the three- and nine-months ending February 29, 2024, respectively, signifying an increased investment in research equipment and the completion of the new state-of-the-art laboratory and office facilities located in London Ontario.


The Company maintained a strong cash position of $2,156,359 as at February 29th, 2024.


Subsequent to February 29, 2024, the Company received gross proceeds of $2,081,094 from the exercise of warrants and options, further strengthening the Company’s balance sheet.


Third Quarter 2024 - Corporate Highlights and Developments


Strategic Board Appointment: Aduro welcomed Marie Grönborg to its Board of Directors, a seasoned leader with a robust background in sustainable technology. With 30 years of global experience, Ms. Grönborg significantly enhances the diversity and expertise of Aduro's governance structure. Her vast experience as a chemical engineer and former executive in clean-tech industries aligns perfectly with Aduro’s strategic focus on innovation and environmental sustainability. Ms. Grönborg has been a great addition to the board and her leadership is expected to continue to have a profound impact on Aduro’s strategic direction, and in fortifying the Company's position at the forefront of clean technology.


Expansion of Customer Engagement: Building on earlier positive technical evaluation results achieved in the second quarter, a leading Petrochemical Company and confidential participant in the Company’s Customer Engagement Program (CEP) expanded its initial project scope with Aduro. The additional testing included a more diverse range of waste plastic materials, specifically targeting those with higher concentrations of PET, polyurethane, metals, and other challenging contaminants. The decision to expand the initial testing scope highlights the growing interest in our Hydrochemolytic™ technology and the confidence our partners have in the capabilities the Company and its technology platform offer.


Conference Participation: Throughout the third quarter, Aduro actively participated in significant industry events, including the 10th Annual CEM AlphaNorth Capital Event. These events served as excellent platforms for Aduro to highlight its technological advancements, engage with potential investors and partners, and facilitate discussions that are expected to contribute to future collaborations and innovations.


Market Engagement: Aduro's innovative solutions were prominently featured in the Viewpoint with Dennis Quaid documentary series, significantly elevating the profile of its sustainable technologies across abroad audience. The feature was broadcast on over 170 U.S. stations and included a commercial segment aired nationally on the Fox Business Network, showcasing Aduro's commitment to addressing critical environmental challenges through advanced chemical recycling technologies.


Sample Test Results from Continuous Flow Unit: Aduro has achieved significant advancements in the development of its Hydrochemolytic™ Technology through rigorous testing with the continuous flow Plastic reactor. Since its launch in 2023, the reactor has conducted numerous tests on various polypropylene feedstocks, demonstrating exceptional conversion efficiency. The Company shared sample data of test results indicating conversion of up to 95% of the feedstock into valuable hydrocarbon resources, while less than 5% remained unconverted solids or as low value gases. This breakthrough underscores Aduro's potential to enhance the recycling of end-of-life plastics effectively. The reactor test program continues to generate critical data needed to advance the design of the Next Generation Process which remains a major part of Aduro’s strategic goals for 2024.


For a more detailed discussion of Aduro's Q3 2024 results, please refer to the Company's condensed interim consolidated financial statements and interim MD&A for the three and nine months ended February 29, 2024, which are available at www.sedarplus.ca.


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 relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.


For further information, please contact:


Ofer Vicus, CEO

ovicus@adurocleantech.com


Abe Dyck, Investor Relations

ir@adurocleantech.com

+1 226 784 8889


Arrowhead

Thomas Renaud, Managing Director

enquire@arrowheadbid.com

+1 212 619 6889
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Aduro Financials Are Out

Kein direkter Bezug zu Aduro - aber interessantes Interview über Plastik und Recycling:

https://www.msn.com/de-de/finanzen/top-stories/m%C3%BCll-plastikflaschen-als-mehrweg-das-d%C3%BCmmste-was-man-machen-kann/ar-AA1nOu77?rc=1&ocid=winp1taskbar&cvid=585ad5e9fb2d4914ad785a00da729384&ei=43
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Er hält nichts von Gelber Tonne und Plastikmehrweg:
Der Chemiker Michael Braungart sagt, dass wir umdenken müssen: »Wegschmeißen ist genau das Richtige.« Sofern man die richtigen Kunststoffe nimmt.
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Wir müssen nicht die Müllmenge verringern, sondern alle Produkte von vornherein so denken, dass sie nach Gebrauch biologisch nützlich sind oder verlustfrei in technische Systeme zurückgeführt werden können.
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Beim Plastikmüll kommen wir nur weiter, wenn alle Verpackungen aus ein und demselben Kunststoff sind. Davon sind wir weit entfernt. Bei Discountern haben wir Verpackungen aus 52 Plastiksorten gefunden. Zudem enthalten viele unserer Kunststoffe Hunderte Zusatzstoffe, ein Albtraum für jeden Recycler.
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Wenn wir uns bei Verpackungen auf einen Kunststoff beschränken würden, wäre PET eine gute Wahl. Der Stoff ist transparent, hat beste Barriereeigenschaften, jedes Lebensmittel ließe sich darin verpacken, und man kann PET sogar biologisch abbaubar produzieren. Man könnte das Material zunächst für Getränkeflaschen verwenden, anschließend zu Textilien verarbeiten, schließlich zum Beispiel zu landwirtschaftlichen Folien. Am Ende würde sich das Material einfach auflösen.
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Seit der Grüne Punkt 1990 startete, ist kein einziger schädlicher Kunststoff, kein giftiges Pigment vom Markt verschwunden. Stattdessen hat sich die Verpackungsmenge verdoppelt.
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Die Umweltbewegung sagt uns, dass es besser wäre, nicht da zu sein. Dabei müssen wir unser Dasein als Chance und nicht als Belastung empfinden. Wegschmeißen wäre nicht mehr böse, sondern eine Tugend, sobald wir endlich Produkte ohne Schadstoffe haben, die entweder biologisch als Kompost enden oder als Rohstoffe in den technischen Kreislauf zurückfinden.
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In der DDR wurde nur ein einziger Kunststoff verwendet, das Polypropylen, aus wirtschaftlichem Mangel zwar, aber das Recycling hat wunderbar funktioniert. Da hätte der Westen etwas lernen können.
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Top 5 Canadian Cleantech Stocks of 2023: https://investingnews.com/daily/tech-investing/cleantech-investing/top-canadian-cleantech-stocks/
Interested in the top Canadian cleantech stocks? Here are the five biggest gainers of the year on the TSX, TSXV and CSE
Aduro Clean Technologies ((CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50)) named as number three

Mariusz und Yazan über den UN Plastic Recycling Treaty:

https://mailchi.mp/adurocleantech.com/aduro-clean-technologies-joins-delegation-at-intergovernmental-negotiating-committee-on-plastic-pollution-inc-4?e=c8fe32daac




Aduro Clean Technologies Joins Delegation at Intergovernmental Negotiating Committee on Plastic Pollution (INC-4)

London, Ontario, April 24th 2024 – Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50),a Canadian 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, is joining a delegation of observers from civil society, environmental groups, academics and business at the fourth meeting of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-4) in Ottawa, Ontario, Canada from April 23rd to 29th, 2024.


INC-4 welcomes over 4,200 delegates, including 1,400 government members and 2,800 observers, who will discuss a draft treaty prepared after the third meeting of the INC. This draft serves as a basis for negotiations, aiming to finalize an agreement that encompasses various aspects of plastic management such as design, waste management, extended producer responsibility, and capacity building, especially for developing countries. The treaty hopes to promote a circular economy for plastics, emphasizing recycling and reusability to prevent plastics from polluting the environment while retaining their beneficial properties.


Abe Dyck, Head of Corporate Development at Aduro is attending the event and will hold one-on-one discussions with industry delegates to promote its Hydrochemolytic™ technology(HCT), an advanced chemical recycling technology. HCT efficiently breaks down complex waste streams into valuable chemicals, doing so in an environmentally responsible manner that significantly reduces both energy use and waste generation. The technology is particularly suited to handling types of waste plastics traditionally considered non-recyclable, addressing a key topic at the event.


These historic negotiations at the INC-4come at a critical juncture for both the world and the Company. The public and their representative governments are demanding real action from plastic producers to improve how plastics are made, used, and managed. This global attention, supported by the backing of the United Nations, the private sector, and financial institutions, bodes well for companies like Aduro. With its technology platform at the forefront of innovation, Aduro is addressing many of the critical issues that contribute to today's low recycling rates for plastic waste.


Aduro is aligned with INC-4’s mission to forge a sustainable path for plastic waste management. The Company advocates for an agreement that not only aims to end plastic pollution but also enables the continued beneficial use of plastics. This includes a commitment to providing essential waste management services to the roughly 3 billion people currently lacking these facilities, directly addressing one of the primary drivers of pollution.


Key Objectives at INC-4

Promote Circular Economy: Aduro supports the target to increase circular practices that include the thoughtful design of products to facilitate their reuse and recycling and implementing innovative technologies to repurpose these materials into new products.


Advocate for Supportive Policies: Aduro supports the development of action plans and policies such as Extended Producer Responsibility (EPR), which can be essential for advancing effective recycling solutions tailored to each country's needs.


Foster International Collaboration: Aduro is dedicated to collaborating with industry and government to encourage the integration of chemical recycling in national frameworks.


The agreement champions a technology-neutral approach that bolsters various recycling methods, including an emphasis on incentivizing the demand for recycled plastics through national action plans. And encourages greater investment in innovative technologies including chemical recycling, a key alternative to landfilling or incinerating non-mechanically recyclable plastics such as medical waste. This integrated approach aims to expand recycling capabilities and drive economic benefits across the community.


"Our participation at INC-4 is a fantastic opportunity to add to the conversation on advanced chemical recycling and to highlight its vital role in achieving a sustainable circular economy," said Ofer Vicus, CEO of Aduro Clean Technologies. "We are excited to share our insights and the advancements we have made with Hydrochemolytic™ technology. We believe it can play a significant role in recovering more of the waste plastic currently ending up in the environment while supporting the INC-4 objectives.”


About INC


The Intergovernmental Negotiating Committee (INC) was established as a result of a unanimous decision by all 193member states during the Fifth United Nations Environment Assembly (UNEA-5) in February/March 2022. Tasked with a pivotal mission, the INC is dedicated to developing a legally binding global instrument on plastic pollution by 2024.This initiative came to life following the historic UNEA Resolution 5/14,titled "End Plastic Pollution: Towards an International Legally Binding Instrument," which marked a significant advancement in global environmental governance.


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 relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.
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Der Plastikmarkt wird voraussichtlich so stark wachsen, dass die Konkurrenz für Aduro quasi egal ist. Sie sollten nur mal so weit kommen, dass ihre Anlagen gebaut werden (können).



Für weitere Infos soll dieser Artikel dienen: Plastics - the future of oil

https://www.stockspeak.com/news/Aduro-Pioneering-a-Recycling-Revolution

Aduro Clean Technologies: Pioneering a Recycling Revolution
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But one company, Aduro Clean Technologies (OTCQX: ACTHF) (CSE: ACT) (FSE: 9D50), is poised to change the game with their groundbreaking Hydrochemolytic Technology (HCT).
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By carefully controlling temperature and using catalysts, Aduro can selectively break down specific polymers and contaminants in stages, allowing for the recovery of pure PE, PP and PS to be reused.

What really sets Aduro apart is their decentralized, modular approach to deployment. Instead of relying on massive, centralized facilities like traditional petrochemical crackers or pyrolysis plants, Aduro's system can be efficiently deployed at a local scale near plastic waste sources. This circumvents the expensive transportation costs and logistical headaches that plague the economics of plastic recycling.
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Aduro is entering this market at the perfect time with a technology that can economically process the vast majority of plastic waste the world currently cannot recycle. Their efficient system produces a high-quality, high-value product that slots seamlessly into existing petrochemical infrastructure or can be used as fuel. By focusing on the major problem plastics of PE, PP and PS, Aduro avoids the challenges and competition of PET recycling.
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Keep a close eye on this rising star; Aduro is cleaning up the future of recycling and our planet.
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