18:07:21 EDT Wed 19 Aug 2026
Enter Symbol
or Name
USA
CA



Aduro Clean Technologies Inc (2)
Symbol ACT
Shares Issued 35,313,229
Close 2026-08-19 C$ 21.40
Market Cap C$ 755,703,101
Recent Sedar+ Documents

Aduro selects Saipem for Chemelot FOAK engineering

2026-08-19 16:49 ET - News Release

Mr. Ofer Vicus reports

ADURO SELECTS SAIPEM FOR ENGINEERING AND PROCUREMENT SUPPORT FOR FIRST-OF-A-KIND HCT FACILITY AT CHEMELOT

Aduro Clean Technologies Inc. has selected Saipem SpA for early works and services supporting the development of Aduro's planned first-of-a-kind (FOAK) Hydrochemolytic technology (HCT) facility at Chemelot in the Netherlands. Early works activities are expected to be financed from the company's existing cash resources and are not expected to require additional financing.

Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore, is recognized globally for delivering complex industrial and energy infrastructure projects and brings extensive experience in process engineering, modular project execution, downstream facilities and industrial-scale technology deployment. Aduro believes this expertise will strengthen engineering and execution planning while supporting efficient progression toward industrial operation.

The selection follows a comprehensive evaluation process and establishes the engineering and project execution framework for Aduro's FOAK program. The two companies intend to advance the project through a structured, stage-gated execution model that aligns engineering development with technical validation, supporting disciplined progression from pilot-scale operations toward industrial deployment.

The initial phase of the collaboration focuses on early engineering and procurement activities, including review of the process design package, optimization of critical equipment packages, preliminary utility integration and capital cost refinement. These activities are intended to mature the project definition while incorporating operating data generated through Aduro's next-generation process (NGP) pilot plant. Subject to successful completion of each development stage, the parties' continued evaluation of the project and the execution of definitive agreements, the collaboration is expected to progress through front-end engineering design (FEED), detailed engineering, procurement, construction, commissioning and start-up.

Aduro has intentionally aligned engineering activities with its ongoing pilot operating campaigns. This integrated approach enables lessons learned through pilot operations to be incorporated directly into the industrial design, reducing execution risk while strengthening the reference design for future commercial deployment. With Saipem engaged during the engineering readiness stage, Aduro expects the company's vast engineering and project execution experience to further help refine the planned facility design, validate key engineering assumptions and support preparation for a potential FEED phase.

The planned FOAK plant represents the next step in Aduro's commercialization strategy by providing the initial industrial-scale implementation of Hydrochemolytic technology. The broader FOAK facility is intended to establish the engineering, operating and economic foundation for future commercial plants, and provide a repeatable execution model for subsequent deployments.

"Selecting Saipem represents an important milestone in the industrialization of Hydrochemolytic technology," said Ofer Vicus, chief executive officer of Aduro. "As we transition from pilot-scale toward industrial implementation, it was important to select a partner with deep experience delivering complex process facilities and bringing innovative technologies into commercial operation. Equally important is our shared commitment to a disciplined, stage-gated approach that allows engineering decisions to evolve alongside the operational knowledge we continue to generate through our NGP pilot plant. We believe this integrated development model strengthens the technical foundation of the FOAK plant while reducing execution risk and improving long-term scalability."

Mr. Vicus added: "By engaging with Saipem at an early stage, we can work together to optimize process and engineering decisions, procurement strategies, constructability and overall project execution as the project advances through its planned development phases."

The FOAK facility is planned for Chemelot Industrial Park in the Netherlands, where Aduro has been advancing multiple parallel workstreams including permitting, site integration, feedstock logistics, customer engagement, engineering development and commercialization planning. The engagement with Saipem represents another foundational element of the broader FOAK program, complementing these activities as the company continues advancing toward industrial deployment.

About Aduro Clean Technologies Inc.

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.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.