newsfilter
← Latest News
GlobeNewswire·

Aduro Signs Offtake LOI for Hydrochemolytic™ Oil with Pilot-to-FOAK Validation Program

ADUR
  • Aduro Clean Technologies signed a non-binding Letter of Intent with an international commodities trading company to evaluate Hydrochemolytic™ oil for future offtake agreements.
  • The LOI establishes a Pilot-to-FOAK validation program to determine product value, confirm specifications, & evaluate reproducibility.
  • Phase 1 involves providing samples from Aduro's Next Generation Process Pilot Plant for characterization, contaminant profiling, & alignment with steam-cracking requirements.
  • Phase 2 commits the trading partner to purchase the initial production parcel from the First-of-a-Kind Industrial Plant at Chemelot in the Netherlands upon commissioning.
  • The initial FOAK parcel purchase is the only binding commitment within the LOI; all other terms are non-binding & subject to definitive agreements.
  • The arrangement is non-exclusive, allowing Aduro to engage additional offtake partners as production scales.
  • European Union Packaging and Packaging Waste Regulation targets for 2030 are expected to increase demand for certified circular hydrocarbon feedstocks.
  • The global chemical recycling market was valued at USD 15.5 billion in 2024 & is projected to grow at a 9.8% compound annual growth rate through 2030.
  • Hydrochemolytic™ technology converts polyolefin waste into low-olefin, low-heteroatom oil compatible with conventional petrochemical infrastructure.
  • Pilot-scale steam cracking tests previously demonstrated stable performance under operating conditions.
  • Aduro's technology utilizes water-based chemistry to operate at relatively low temperatures & cost to convert low-value feedstocks into valuable resources.