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SARNIA, Ontario, June 15, 2023 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (CSE: ACT) (OTCQB: 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 excited to announce the establishment of its European subsidiary Aduro Clean Technologies Europe BV (“ACTE”), based in Geleen, Netherlands.
The formation of ACTE marks an important expansion of Aduro’s international footprint, demonstrating the Company’s dedication to its global growth strategy. ACTE will serve as Aduro’s European hub and a conduit for achieving strategic goals in the region. The Netherlands was selected due to the Company’s robust regional relationships, including its successful partnerships with Brightlands Chemelot Campus (“Brightlands”) and Chemelot Innovation and Learning Labs (“CHILL”).
ACTE will focus on advancing the Hydrochemolytic™ process for plastics upcycling (“HPU”) within the European market with the primary goal of constructing a future demonstration unit at the Brightlands site, showcasing the Company’s patented HydrochemolyticTM platform technology for tackling hard-to-recycle mixed plastics, mainly those rejected from other processes such as mechanical recycling. The Company is engaging in partnership discussions with local stakeholders on the project.
A Europe-based subsidiary aligns with Aduro’s strategic business plan, which outlines the expansion into key international markets. In line with this vision, Aduro plans to progress on the following objectives once preliminary data from the pilot-scale HydrochemolyticTM continuous flow plastic unit are available, and a local team is onboarded.
- https://www.globenewswire.com/NewsRoom/AttachmentNg/a9843c4e-3914-46c3-8b0f-b4dfecdf884e
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