Aduro Clean Technologies Provides Results on Testing of Hard to Recycle Crosslinked Polymers
May 16 2024 - 7:00AM
Aduro Clean Technologies Inc.
(“
Aduro” or the “
Company”) (CSE:
ACT) (OTCQX:
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 pleased to share exciting results from preliminary
tests achieved with deconstructing crosslinked polymers, using the
Company’s Hydrochemolytic™ Technology.
Crosslinked polymers are pivotal to numerous
industries, thanks to their exceptional durability, chemical
resistance, and mechanical strength. They are integral to many
products ranging from automotive tires to household adhesives,
protective coatings, and medical devices. Their critical
applications span sectors such as aerospace, automotive,
construction, and electronics, where their unique properties are
indispensable. Roughly 2.5 million metric tons of XLPE is produced
annually representing a $6.4 billion industry growing at 6.5% CAGR
to $8.7 billion by 2028.
However, the same characteristics that make
crosslinked polymers so valuable also create significant recycling
challenges. Unlike thermoplastics, these materials do not melt
under heat, making them difficult to recycle by traditional
technologies. High-temperature technology processes typically
result in char and fuel gas, which are unsuitable for repurposing
into new materials. This challenge underscores the pressing need
for innovation in chemical recycling technologies.
On March 27th, 2024, Aduro announced it engaged
with a building materials manufacturing company to investigate the
fate of crosslinked polymers under Hydrochemolytic™ conditions. The
client provided a sample of crosslinked polyethylene (XLPE), a
waste stream from its local production facilities, on which Aduro
investigated the application of its proprietary technology for
chemical recycling of this difficult-to-recycle material.
Aduro is excited to report promising results
from the preliminary tests with yields up to 84% of
lower-molecular-weight hydrocarbons, predominantly in the C8 to C28
range. These results confirm the effectiveness of HCT in breaking
down complex polymers like XLPE, which have high thermal stability
and complex decomposition pathways, into valuable hydrocarbons.
This work not only solidifies the Aduro pathway
into the building materials sector, but also opens the door to very
sizeable markets for crosslinked polymers to be recycled. Now Aduro
considers tire rubber and elastomeric materials as additional
potential feedstock to demonstrate the versatility of HCT in
chemical recycling of polymeric materials. Accordingly, the Company
is actively engaged in discussions with potential engagements in
these sectors.
“This milestone confirms our preliminary
assessment that we can provide customizable solutions tailored to
industry specific requirements. We were able to transform XLPE
waste into high-quality liquid hydrocarbons, with an impressive
conversion yield, enhancing the material's lifecycle and providing
a reliable feedstock for refineries. This development addresses a
critical challenge in the industry and opens new avenues for
sustainable material management,” commented Eric Appelman Chief
Revenue Officer at Aduro.
“We established our customer engagement program
to work directly with our clients to investigate and develop
solutions for their specific needs,” commented Ofer Vicus, Chief
Executive Officer at Aduro. “The results from the crosslinked
polymer tests are very exciting. It is another example of the
ability of HCT to deconstruct and create value from hard to recycle
materials which have proven to be challenging for traditional
approaches.”
About Aduro Clean
Technologies
Aduro Clean Technologies is a developer of
patented water-based technologies to chemically recycle waste
plastics; convert heavy crude and bitumen into lighter, more
valuable oil; and transform renewable oils into higher-value fuels
or renewable chemicals. The Company’s Hydrochemolytic™ technology
relies on water as a critical agent in a chemistry platform that
operates at relatively low temperatures and cost, a game-changing
approach that converts low-value feedstocks into resources for the
21st century.
For further information, please
contact:
Ofer Vicus, CEOovicus@adurocleantech.com
Abe Dyck, Investor Relationsir@adurocleantech.com+1 226 784
8889
ArrowheadThomas Renaud, Managing
Directorenquire@arrowheadbid.com+1 212 619 6889
Forward-Looking Statements
This news release contains forward-looking
statements. All statements, other than statements of historical
fact that address activities, events, or developments that the
Company believes, expects, or anticipates will or may occur in the
future, are forward-looking statements. The forward-looking
statements reflect management’s current expectations based on
information currently available and are subject to a number of
risks and uncertainties that may cause outcomes to differ
materially from those discussed in the forward-looking statements.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance, and,
accordingly, undue reliance should not be put on such statements
due to their inherent uncertainty. Important factors that could
cause actual results to differ materially from the Company’s
expectations include adverse market conditions and other factors
beyond the control of the parties. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether because of new information, future events, or
otherwise, except as required by applicable law.
The CSE has not reviewed, approved, or disapproved the content
of this news release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5fd5506d-7bf8-4209-892d-b758182119c3
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