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Aduro Clean Technologies Inc
Symbol ACT
Shares Issued 51,168,123
Close 2022-05-09 C$ 0.58
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Aduro Clean Technologies joins Canada Plastics Pact

2022-05-09 11:46 ET - News Release

Mr. Ofer Vicus reports

ADURO JOINS CANADA PLASTICS PACT AS A SIGNATORY PARTNER

Aduro Clean Technologies Inc. has become a member of the Canada Plastics Pact (CPP).

The CPP is part of the Ellen MacArthur Foundation's global Plastics Pact network, joining other plastics pacts across the world in a network of national and regional initiatives working toward the vision of a circular economy for plastics. The CPP brings together businesses, policy makers and non-government organizations (NGO) to work together and create a national solution to plastic waste and pollution through combined expertise, collaboration and a desire to take action.

"Waste plastic is a fast-growing global concern in need of innovative circular solutions that are practical, sustainable and capable of driving real social-economic change. Aduro is proud to support the Canada Plastics Pact, as we strategically partner with industry and all levels of government to focus on commercializing low-carbon, circular approaches to upcycling plastics. Aduro knows that a circular economy for plastics is within reach. We look forward to working collaboratively across the value chain to implement chemical recycling of plastics with our patented hydrochemolytic technology process," says Ofer Vicus, chief executive officer at Aduro.

"Creating a circular economy for plastics packaging in Canada will require a collaborative effort by multiple stakeholders across the value chain. We are pleased to have Aduro Clean Technologies join the Canada Plastics Pact as a signatory partner, bringing their insight and expertise on how to overcome the limitations of traditional recycling with their innovative chemical conversion technology," says Sinead King, director of partnership engagement at Canada Plastics Pact.

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 activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into 21st-century resources. With financing and support from Bioindustrial Innovation Canada, the company has developed a prepilot reactor system to upgrade heavy petroleum into lighter oil.

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