Aduro Clean Technologies Inc
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Based in Canada
Company profile

Aduro Clean Technologies Inc. is a Canada-based clean technology company. The Company is a developer of 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. Its chemical recycling platform features three water-based technologies: Hydrochemolytic Plastics Upcycling (HPU), Hydrochemolytic Renewables Upgrading (HRU) and Hydrochemolytic Bitumen Upgrading (HBU). The Company’s HPU transforms plastics into useful feedstocks in the circular economy for production of new plastics and foams, paints and coatings, and detergents, or into high performance fuels. Its HRU transforms renewable oils into renewable motor fuels, bio-jet fuel, and specialty chemicals at relatively low temperatures. Its HBU transforms heavy crude oil and bitumen into light synthetic crude co-processing biobased feedstocks, such as cellulose or glycerol.

Closing Price
$0.53
Day's Change
0.04 (8.16%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.53
Day's Low
0.4947
Volume
(Heavy Day)
Volume:
32,500

10-day average volume:
11,948
32,500

Aduro Engages Rally for Specialized Engineering and Construction Management

4:50 pm ET April 19, 2022 (Accesswire) Print

SARNIA, ON / ACCESSWIRE / April 19, 2022 / Aduro Clean Technologies Inc. ('Aduro' or the 'Company') (CSE:ACT)(OTCQB:ACTHF)(FSE:9D50), a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, is pleased to announce that it has entered into contracts with Rally Engineering ('Rally') that encompass the provision of a comprehensive range of services across safety, engineering, procurement, fabrication management, and project management.

Rally is a mid-sized multi-discipline EPCM consulting organization with over 250 personnel working in the refining, petrochemical, pipelines, biofuels, oil sands, metals refining, fertilizer, and pulp and paper industries.

As Aduro scales from laboratory to continuous process implementation of the HydrochemolyticTM plastics recycling process, Rally has been engaged to supply key project management and engineering services. This will ensure that the final design exceeds industry safety standards and incorporates best engineering practices while meeting project budget and schedule goals. Key elements of the contracts include overall project management, engineering support, HAZOP analysis, HSE Documentation, and update. Rally's expertise in delivering pilot-scale projects fulfills a crucial element of Aduro's commercialization plan. This allows for faster execution and delivery of vital engineering and safety infrastructure, enabling Aduro to deliver on its commitment to bringing disruptive technologies to market in a timely manner. Rally's experienced team also being in the Sarnia area complements Aduro's process team and allows for the day-to-day coordination needed for driving project efficiencies.

Aduro continues to engage with potential partners in North America and Europe with the goal of building a strong network of specialized engineering teams with advanced experiences and cutting-edge know-how to accelerate the path to commercialization. The addition of Rally is an extension of our plans to build this strong network of specialized engineering and construction management partners.

Aduro COO, Gene Cammack: "As we looked at possible partners for scaling our continuous process design, Rally emerged based on their reputation for high quality, local expertise, and tight project controls. We are excited to be working with Rally as we make this critical step in commercializing our Hydrochemolytic Technology Platform."

"We're thrilled and grateful for the opportunity to support Aduro in the development of this important chemical recycling technology." said Paul Croft, Rally Manager Projects Eastern Region "Rally recognizes the growing importance of the bioeconomy and renewable sectors and has made significant investments in this area over the past 5 years. We have developed a fit-for-purpose solution to help companies from bench-scale testing through full-scale up and commercial facilities. Capitalizing on our unique partnerships with vendors, fabricators, and constructors allows us to offer effective solutions to our customers. We are excited to put our expertise to work with Aduro in advancing their next-generation HydrochemolyticTM platform".

About Rally Engineering

Rally Engineering is a mid-sized, 100% Canadian-owned full-service multi-discipline EPCM consulting engineering firm with a reputation for working cooperatively with our clients to execute challenging brownfield and greenfield industrial projects safely, on time, and on budget, while maintaining industry and client quality standards. We are a mid-sized multi-discipline EPCM consulting organization with over 250 personnel working in the refining, petrochemical, pipelines, biofuels, oil sands, metals refining, fertilizer, and pulp and paper industries. We have four office locations: our Head Office in Sherwood Park, Alberta, and satellite offices in St. John, New Brunswick; Sarnia, Ontario; and Calgary, Alberta providing professional services across Canada and the USA.

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 HydrochemolyticT technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil.

For further information, please contact:

Ofer Vicus, CEO

ovicus@adurocleantech.com

Mike Thompson, BD Manager Eastern Region

mike.thompson@rallyeng.com

Paul Croft, Manager Projects Eastern Region

paul.croft@rallyeng.com

Abe Dyck, Investor Relations

ir@adurocleantech.com

+1 604-362-7011



Investor Cubed Inc.

Neil Simon, CEO

nsimon@investor3.ca

+ 1 647 258 3310

Forward-Looking Statements

This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions and other factors beyond the control of the parties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

The CSE has not reviewed, approved, or disapproved the content of this news release.

SOURCE: Aduro Clean Technologies Inc.





View source version on accesswire.com:

https://www.accesswire.com/698044/Aduro-Engages-Rally-for-Specialized-Engineering-and-Construction-Management



comtex tracking

COMTEX_405944200/2457/2022-04-19T16:50:47

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