Aduro Clean Tech signs MOU to develop commercial licence for Hydrochemolytic

The company states: “Aduro Clean Tech (ADUR)nologies announced that its wholly owned subsidiary, Aduro Energy Inc., has signed a non-binding Memorandum of Understanding with a leading Global Engineering, Procurement, and Construction company to jointly develop a comprehensive commercial licensing package for Hydrochemolytic(TM) Technology to support deployment across multiple markets. The MOU follows several months of technical and commercial discussions between Aduro and the GEPC, including the sharing of preliminary technical information and evaluation of pathways to establish a commercial licence package. The MOU establishes a framework and stage-gated activities to support the development of the technology and of a commercial licensing model for HCT. It also covers a pre-engineered plant concept that the GEPC could use to design and build industrial plants for the chemical recycling of mixed and contaminated post-consumer plastic waste that is not suitable for mechanical recycling.”