Aduro Clean Technologies Partners with NexGen Polymers for HCT Demonstration Plant

Story Highlights
  • Aduro Clean Technologies partners with NexGen Polymers to develop a demonstration-scale HCT plant.
  • The collaboration supports Aduro’s strategic goals for efficient technology scale-up and commercialization.
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Aduro Clean Technologies Partners with NexGen Polymers for HCT Demonstration Plant

Aduro Clean Technologies ( (TSE:ACT) ) just unveiled an announcement.

Aduro Clean Technologies has signed a Memorandum of Understanding with NexGen Polymers to collaborate on the development of a demonstration-scale Hydrochemolytic Technology (HCT) plant. This partnership aims to leverage NexGen’s expertise in polymer supply chain management to support the operational requirements of Aduro’s planned demonstration facility. The collaboration aligns with Aduro’s strategic goals to efficiently scale up its technology, focusing on site selection, logistics, and feedstock supply. The MOU outlines a framework for potential joint ventures and the commissioning of a demonstration plant, marking a significant step in Aduro’s commercialization strategy.

More about Aduro Clean Technologies

Aduro Clean Technologies is a clean technology company that utilizes chemistry to transform lower-value feedstocks, such as waste plastics, heavy bitumen, and renewable oils, into valuable resources. The company is focused on developing innovative solutions for the 21st century, with a market focus on sustainable and efficient resource transformation.

YTD Price Performance: -19.10%

Average Trading Volume: 9,869

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$203.6M

Learn more about ACT stock on TipRanks’ Stock Analysis page.

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