Aduro Clean Technologies (ACT) Water Tower Research Insights Conference summary

Company overview and technology

• Developed a patented platform chemical technology to convert heavy oils, renewable oils, and waste plastics into higher-value materials, with about 10 patents supporting its uniqueness.

• Became public in April 2021, focusing on chemical recycling to turn waste plastics into recyclable naphtha for new plastics production.

• Technology enables circularity by producing paraffinic oil that integrates directly into existing petrochemical infrastructure.

Market opportunity and competitive landscape

• Only 9% of global plastic waste is mechanically recycled, with chemical recycling accounting for just 1%, leaving a vast untapped market.

• Regulatory pressure, especially from Europe, is driving demand for advanced recycling solutions, with other regions following suit.

• Competing technologies like pyrolysis face higher costs and lower yields, while chemolysis offers higher tolerance to contamination, lower temperatures, and better economics.

Strategic partnerships and commercialization

• Engaged with major industry players such as Shell and TotalEnergies, who have tested and collaborated on the technology.

• Pilot plant operational in Ontario, with a first-of-a-kind 10,000 tons/year semi-commercial unit planned for the Netherlands by H2 2027.

• Commercialization strategy is 90% licensing and 10% build-own-operate, with recent progress on both fronts.